Business
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Startups offer payment options for struggling Nigerian consumers
As inflation continues to surge in the country, Nigerians are hard hit by the declining purchasing power, which limits their...
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Why Nigeria should end fuel subsidy – Akabueze
The Director General of the Budget Office of Nigeria, Ben Akabueze, says the trillions of naira spent on fuel subsidy...
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Customs seize rice, back economic growth
The Nigeria Customs Service seized 20 drums of carbide in the Ijebu-Ode area of Ogun state in August. Addressing journalists...
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Discos, Gencos target 5000MW
Power distribution companies and generation companies are making efforts to achieve the 5,000MW target stipulated by the Federal Government. Meanwhile,...
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Fuel scarcity hits Abuja as marketers shut stations
Many fillings stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol,...
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Currency in circulation falls to N3.24tn
Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the...
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Discos fail to utilise 1,936MW despite blackouts – FG
The 11 power distribution companies in Nigeria did not utilise a total of 1,936.26 megawatts of electricity in one week...
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Customers pay N92.2bn for N4.61tn PoS transactions
BANK customers may have spent N92.2bn to use Point of Sale terminals in the first seven months of 2022. According...
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Stock investors lose N30bn in one day
The equities market of the Nigerian Exchange Limited declined by N30bn at the end of trading on Monday as 18...
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FG confirms substation fire, Gencos shed 642.4MW
Power generation dipped by 642.4 megawatts on Sunday when compared to the quantum of peak electricity produced on the grid...
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Banks lend N3.38tn to firms at single-digit rate
Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the...
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Nigeria imports 155bn salt, local industries wobble
Nigeria spent at least N155bn within the last two years on the importation of salt and other locally available products...
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NNPC can’t justify N6.34tn petrol subsidy – Customs
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly...
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32 states fail to attract investment in Q2
Thirty-two states failed to attract capital importation in the second quarter of 2022, according to a Foreign Direct Investment data...
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Inflation pushing truckers out of business – Group
As the inflation rate bites harder, truckers have said that about half of their members are leaving the job for...
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PoS transactions jump to N8tn – NIBSS report
The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to...
Read moreAgusto & Co forecasts 16.5% banking sector loan growth
Agusto & Co. Limited, a pan-African credit rating agency and business information provider, has projected loans in the banking sector...
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N19.76tn budget proposal: N12tn deficit worries FG, debt may hit N54tn
The Federal Government is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn...
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Agusto Forecasts 16.5% Growth in Nigerian Banking Loan Portfolio
Agusto & Co. Limited, the pan-African credit rating agency and the foremost business information provider, has forecast a 16.5 percent...
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Ten Nigerian states bigger than African countries – Osinbajo
The Vice President, Professor Yemi Osinbajo, SAN, said it was unfitting to compare the realities of the Nigerian economy with...
Read moreElectricity crisis: FG, private sector to produce 3,595MW
Two ministries of the Federal Government are in partnership with the private sector to add 3,595 megawatts of electricity to...
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Strike: No arrears, no resumption, ASUU dares FG
The Academic Staff Union of Universities on Thursday said it would not call off its strike until the salary arrears...
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GenCos, DisCos owe banks N836bn amid crisis
Power generation and distribution companies owe Nigerian banks N836.09bn amid the lingering problems plaguing the sector since it was privatised...
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FG must regulate solar products’ quality – Experts
The Standards Organization of Nigeria, SON, and other renewable energy experts have called on the Federal Government to ensure quality...
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Electricity workers call off strike, businesses count losses
Businesses and other power consumers were thrown into darkness on Wednesday as the industrial action embarked upon by electricity workers,...
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