Category: featured

FG launches labour empowerment program, eyes 2.5 million jobs

The Federal Government launched the Labour Employment and Empowerment Programme on Tuesday, with a goal...

Federation account allocation drops for third consecutive month to N1.57tn

The Federation Account Allocation Committee has reported a continued decline in monthly disbursements, with ₦1.578...

FG races to address GenCos’ N4tn debt

The Minister of Power has pledged to tackle the N4 trillion electricity debt owed to...

GenCos warn of imminent power crisis as debts exceed N4tn

The 23 power generation companies in Nigeria have raised the alarm that they can no...

NMDPRA slashes electricity GenCos gas price amid mounting ₦2trn debt

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reduced the price of natural gas...

UN faces financial crisis, cuts workforce in Nigeria, eight other nations

The United Nations Office for the Coordination of Humanitarian Affairs is set to cut its...

Fitch upgrades Nigeria’s rating to ‘B’ amid reform push

Fitch Ratings has upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating from ‘B-’ to ‘B’ and...

JP Morgan warns investors, raises concerns over Nigeria’s economic stability

J.P. Morgan has advised investors to exit long positions in Nigerian Open Market Operation bills,...

Siemens executive, family among six killed in US helicopter crash

A Siemens executive, Agustín Escobar, his wife Merce Camprubí Montal, and their three young children,...

OpenAI countersues Elon Musk for harassment, sabotage

OpenAI filed a countersuit against Elon Musk on Wednesday, accusing the billionaire entrepreneur of a...

Apple soars to best day since 1998 after Trump’s tariff pause

Apple shares soared 15% on Wednesday after President Donald Trump announced a 90-day pause on...

Naira-for-crude policy still in effect, FG tells Dangote, others

The Federal Government has emphasized that its naira-for-crude initiative with local refineries is not a...