Tinubu seeks Senate approval for $20.52bn, €1.045bn external borrowing plan
President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.045 billion to fund…
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FG approves ₦70,000 monthly transport aid for workers for six months
The Federal Government has approved a ₦70,000 monthly transport intervention for public service workers at all levels. The support will run for…
Hackers exploiting critical PHP flaws, US agency warns
The United States Cybersecurity and Infrastructure Security Agency has confirmed that hackers are actively exploiting two critical vulnerabilities in PHP, a widely…
UK to charge universities £925 annually for Nigerian students, others
The United Kingdom plans to introduce an annual £925 (about $1,200) levy on universities for each international student enrolled from Nigeria and…
Global energy markets may not recover until 2027 – IEA
The International Energy Agency has warned that global energy markets may not return to pre-Iran war conditions until 2027, as the conflict…
Dangote says Africa needs financing, power, policy to industrialise
Africa’s drive to become a global industrial powerhouse will depend on its capacity to raise long-term financing, provide dependable electricity and adopt…
Access to credit alone cannot drive business growth – Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigerian businesses need more than traditional loans to…
CBN defends 75% cash reserve ratio to curb inflation
The Central Bank of Nigeria has defended its decision to impose a 75 per cent Cash Reserve Ratio on non-Treasury Single Account…
Brent crude climbs above $115/barrel as Middle East conflict rages
Oil prices traded at five-month highs on Friday, with Brent North Sea crude, the benchmark contract, rising above $115 a barrel as…
Naira holds steady at ₦1,330.95/$ in official FX market
The Naira traded at about N1,330.95 to the United States Dollar at the Nigerian Foreign Exchange Market. Early spot transactions in the…
NAFDAC seals illegal herbal factory in Lagos, arrests manager
The National Agency for Food and Drug Administration and Control on Thursday discovered yet another illegal herbal products factory in Agege, Lagos.…
NEC endorses 90-day economic action plan to cut living costs
The National Economic Council has given its backing to a 90-day economic action plan designed to lower the cost of living, make…