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FG loses 13.21m-barrels oil worth N603.64bn in 2022
Nigeria lost about 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January and August this...
Read moreStartups 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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Govs raise concerns over NNPC ownership
State governors, on Thursday, raised concerns regarding the ownership of the new Nigerian National Petroleum Company Limited, its assets and...
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FG to end petrol subsidy in June 2023
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday,...
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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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