Business
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FG plans 3,863mw to boost power grid – Report
An additional capacity of 3,863 megawatts of electricity is to be made available to boost power supply to customers across...
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ICCN urges diplomatic action against global food security crisis
The International Chamber of Commerce Nigeria (ICCN) has called for urgent, decisive, diplomatic and practical action to avert a global...
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Nigeria’s cosmetic market hits N1tr turnover, records 14.5% growth
The value of Nigeria’s cosmetic retail sales grew by an average of 14.5 per cent last year and added hundreds...
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Oil companies oppose FG’s penalties over gas flaring
Oil and gas companies have committed to gas flare reduction in Nigeria though some of them opposed the enforcement of...
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Marketers, depots fight over 16.6bn litre fuel diversion
Oil marketers and depot owners have clashed over allegations of diversion of 16.6 billion litres of fuel to neighbouring countries....
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Labour faults NNPC’s petrol imports, consumption figures
The Nigerian Labour Congress has criticised the Nigerian National Petroleum Corporation over the secrecy surrounding the subsidy of Premium Motor...
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Rising subsidy’ll stop states from paying salaries – Governors
The Nigeria Governors’ Forum has lamented that the subsidy on petroleum products, especially Premium Motor Spirit (petrol), has placed a...
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Discos vow to battle FG over takeover, restructuring
The receiver/manager’s nominee of Integrated Energy Distribution and Marketing Company on Wednesday said it was the legal and beneficial owner...
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Agusto & Co. Affirms Coronation Merchant Bank ‘A+’
Agusto & Co has affirmed the reputable A+ rating to Nigeria’s leading financial institution, Coronation Merchant Bank in its recently...
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Kyari: NNPC Determined to Compete with Private Sector Players in Oil Industry
There appears to be no going back on the push by the new Nigerian National Petroleum Company (NNPC) Limited to...
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Bank assets rise by 21% to N64.32tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained...
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Contributory Pension Scheme as Panacea for Retirement Challenges in Nigeria
The introduction of the Contributory Pension Scheme (CPS) in 2004 addressed the challenges of the Defined Benefits Scheme (DBS), which...
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British International Investment Commits $20m to Mobility Fintech
British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group has introduced its new...
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Recession fears haunt markets
The losses came after a gloomy US consumer confidence report had sent Wall Street tumbling on Tuesday. US stocks stabilised...
Read moreUnderstanding CBN Perspectives on RT200
With the current unstable accruals in the Foreign Exchange (FX) Reserves; dwindling from $39,650 billion in April to $38,540 billion...
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Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand
Following growing demand investors have in five months to May 31, 2022, traded Foreign Exchange (FX) worth N24.93 trillion as...
Read moreExperts seek options for N3.2tr mini-grid financial need in Nigeria
•As the firm offers £20m for renewable projects Experts are seeking ways to address financial challenges hindering the development of...
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PFAs stake N1 trillion on equities after 21 per cent YTD returns
Following an unprecedented rally that increased the equities market’s Year-To-Date (YTD) returns by 21 per cent, the Nigerian Pension Fund...
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FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit, popularly called petrol, consumed...
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Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank
The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. It said...
Read moreCBN dismisses report of stopping overseas school fees, Form A withdrawal
The Central Bank of Nigeria (CBN) has dismissed media reports that it will withdraw the ‘Form A’ discounted foreign exchange...
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Recession worries weigh on euro as US stocks advance
The euro retreated against the dollar Thursday as economic data pointed to increased prospects of a recession in Europe, while...
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NLNG commits to supplying all LPG produced for domestic market
Nigeria LNG Limited has reiterated its commitment to 100 per cent of its Liquefied Petroleum Gas (LPG) production to the...
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Lagosians await multibillion naira light rail project amid worries
The promise by Governor Babajide Sanwo-Olu of Lagos State that the multibillion blue light and red light intra-city rail system...
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Telcos shake off SIM-NIN losses, recover 16million subscribers
The telecommunication industry is beginning to shake off the effect of the National Identification Number and Subscriber Identity Module policy...
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