Markets
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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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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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...
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...
Read moreReps query agric ministry’s N18bn bush-clearing contracts
The House of Representatives’ Committee on Public Accounts is investigating the Federal Ministry of Agriculture over the award of contracts...
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FG silent on identities of Nigeria Air investors
Stakeholders in the aviation sector have called on the Federal Government to disclose the identities of the strategic foreign investors...
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Renewable energy experts seek 10% market share
Stakeholders in the renewable energy sector have called for partnership with the Federal Government to achieve at least 10 per...
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Oil price falls, OPEC raises Nigeria’s production quota
The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million...
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FG, farmers eye extra $136m from cocoa export
The Federal Government in partnership with the Cocoa Farmers Association of Nigeria has commenced moves to attract extra $400 on...
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Kerosene hits over N800/litre, Nigerians face hard times
The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning...
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Dangote Cement deploys grinding plants in Ghana, Cote d’Ivoire
The Chief Executive Officer, Dangote Cement, Michel Puchercos, has said the company is boosting production in its Okpella plant, Nigeria,...
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Subsidy probe: Reps say 23 oil firms unknown
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said...
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Food crisis imminent, Reps raise the alarm
The House of Representatives has raised the alarm over the looming food shortage in Nigeria, calling on the Federal Government...
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Removal of subsidy, NNPC import monopoly’ll end queues– Marketers
Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts PMS import monopoly of the...
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Revenue falls by N1.89tn, Nigerians face tougher times
Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and...
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Bakers halt bread production Thursday over skyrocketing costs
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have announced plans to halt production of their products,...
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FG continues $3.5bn Eni/Shell suit, Italy drops charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against...
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Confusion as N179/litre fuel price controversy worsens
A document displaying the costs of Premium Motor Spirit, popularly called petrol, in various regions of Nigeria is causing confusion...
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