Economy

CBN cuts customs rate by 5.3% over continued naira appreciation

The Nigerian Customs Service has announced a 5.3% reduction in its foreign exchange rate…

FG summons AEDC, IBEDC, TCN bosses over poor electricity

The Minister of Power, Adebayo Adelabu, has summoned the Chief Executives of Abuja Electricity…

Nigeria needs $4bn to hit 2059 renewable energy target – ECN

The head of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, announced that Nigeria…

Aba power begins commercial operations weekend ahead of schedule

Aba Power Ltd, a subsidiary of Geometric Power, is set to commence commercial power…

Peter Obi commends Tinubu’s adoption of Oronsaye report

The former presidential candidate of the Labour Party in the 2023 elections, Peter Obi,…

Cooking gas price increased by 12% in one year – NBS

A recent report from the Nigerian Bureau of Statistics has revealed a 12% increase…

Reps vow to arrest CBN gov over REMITA leakages

The House of Representatives Public Accounts Committee has issued a stern summons to the…

Tinubu to commission Nigeria’s first integrated power plant today

Aba, the bustling commercial hub of Abia State, is set to make history on…

Tinubu forms economic advisory committee with Dangote, Otedola, others

In a bid to address socio-economic challenges in the nation, President Bola Tinubu has…

Wale Edun outlines FG’s plans to tackle economic hardship

The Minister of Finance and Coordinating Minister of the Economy,Wale Edun, shed light on…

CBN implements stricter rules for Bureau De Change

The Central Bank of Nigeria has unveiled new guidelines for Bureau De Change in…

FG halts cooking gas export to tackle soaring prices

The Federal Government declared on Thursday, February 22, that it has implemented measures to…

NAFDAC halts sale of unauthorized rice packaging in Borno

The National Agency of Food and Drugs Administration and Control has taken decisive action…

Nigeria risks conflict over rising fuel, commodities prices – AfDB

The African Development Bank has raised alarm bells, cautioning that the escalating prices of…

Nigeria faces difficult external environment, domestic challenges – IMF

The International Monetary Fund has raised a red flag, warning that Nigeria is currently…