Economy

65% businesses may shut down over electricity tariff hike – Group

The Organised Private Sector of Nigeria sounded alarms over a drastic surge in electricity…

Naira nears 1,000/$ at parallel market

The Nigerian naira has shown significant strength against the United States dollar, nearing N1,000/$…

African businesses face 20% increase in cyberattacks – Report

According to a new report by cybersecurity firm Check Point, African businesses experienced a…

FG subsidizes 67% of power production, transmission, distribution – Adelabu

The Minister of Power, Adebayo Adelabu, has disclosed that despite the removal of subsidies…

FG urges Nigerians to embrace local products for economic growth

Minister of Innovation, Science and Technology, Chief Uche Nnaji, has called on Nigerians to…

FG grants Dangote, others tax holiday over N2.5tn investments

About 107 companies, including Dangote and Mikano International, are currently enjoying tax exemptions from…

NNPCL to replace 5,000km pipelines in three years – Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, has…

Cardoso hails CBN, SEC, EFCC, NSA partnership

Central Bank of Nigeria Governor, Olayemi Cardoso, has expressed positivity regarding the collaboration between…

NNPC to leverage Nigeria’s gas reserves for industrial growth

The Nigerian National Petroleum Company Limited has affirmed its commitment to harnessing Nigeria's vast…

Hardship: Agric ministry partners NSA for Northwest grain distribution

The Federal Government has launched the distribution of 42,000 metric tonnes of grains in…

31.5m Nigerians face imminent food crisis – Report

A recent report by Cadre Harmonise has painted a grim picture of the food…

FG commences 700-km Lagos-Calabar coastal highway project

The Federal Government has officially kicked off the construction of the 700-kilometer Lagos-Calabar Coastal…

African startups raise $217m funding in February 2024 – Report

African startups experienced a significant surge in funding during February 2024, raising a total…

Customs begin sale of seized food items

Nigeria Customs Service has disclosed that the Service has begun the sale of seized…

Bank of Ghana suspends GTB, FBN FX trading license

The Bank of Ghana has announced the suspension of the Foreign Exchange Trading Licences…