Retailers struggle to restock as inflation, FX issues escalate
Nigerian retailers are expressing significant concerns over the escalating difficulties they face in restocking their shelves, attributing these challenges to foreign exchange instability and rising inflation rates across the country.…
MAN forecasts worse performance for manufacturing sector in 2024 Q4
The Manufacturing Association of Nigeria has projected a bleak outlook for the country's manufacturing sector in the fourth quarter of 2024. The Director General of MAN, Segun Ajayi-Kadir voiced concerns…
Keyamo, Lokpobiri to unveil largest aviation fuel depot Oct 17
The Minister of Aviation and Aerospace Development, Festus Keyamo, and the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, are set to unveil a 15 million-litre aviation fuel depot…
New bill to require tax ID for opening bank accounts
A new bill has been proposed in Nigeria mandating that individuals involved in banking, insurance, stock-broking, and other financial services must provide a Tax Identification Number to open new accounts…
FG lauds Savannah Energy for investment in Nigeria’s energy sector
The federal government has commended Savannah Energy, a British independent energy company, for its significant investment in Nigeria's energy sector. During a recent visit to the Uquo Gas Central Processing…
Nigerian exchange continues decline, loses N6bn
The bearish trend on the Nigerian Exchange persisted on Thursday, with the market losing N6 billion. The All Share Index fell by 0.1 percent, closing at 97,477.19, while market capitalization…
MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
MTN Nigeria Communications Plc and Airtel Nigeria collectively reported revenues of approximately N3.67 trillion from their data and voice services in the first half of 2024, according to an analysis…
Petrol price hike: IPMAN threatens to halt operations nationwide
The Independent Petroleum Marketers Association of Nigeria has announced a potential nationwide shutdown due to the high prices at which the Nigerian National Petroleum Company Limited is selling petrol to…
Seven banks paid N392.53bn in taxes in first half of 2024
Seven major banks in Nigeria reported a combined tax payment of N392.53 billion for the first half of 2024, according to an analysis of their second-quarter financial results filed with…
Elon Musk unveils two-door robotaxi at Tesla event
Elon Musk showcased a futuristic robotaxi featuring two gull-wing doors, along with a new robovan, during a high-profile event on Thursday. This unveiling marks a shift in Tesla's focus from…
Apple TV+ to launch on Amazon Prime Video in US
Amazon announced on Wednesday that Apple TV+ will be available on Prime Video later this month in the U.S. for $9.99 per month. This move is seen as a significant…
TUC calls for June 2023 petrol price reversal amid hike
The Trade Union Congress is calling for petrol prices to revert to their June 2023 levels, citing concerns over the rising cost of living and its impact on workers and…
