We contributed $550m to Afrexim Bank loan facility – Oando
Oando Plc has stated that it contributed $550 million to the $925 million released to the Federal Government by the African Export-Import…
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Nigeria’s GDP per capita could rise to $1,120 in 2029 – IMF
Nigeria’s GDP per capita is predicted to reach $1,120.67 by 2029, according to the International Monetary Fund. The IMF data analysed shows…
Renewable energy to attract $2tn investment in 2024 – Report
Renewable energy sources are likely to attract $2 trillion in worldwide investment in 2024, out of a total of $3 trillion projected…
Multichoice fined N150m over DSTV, GOtv price hike
Multichoice Nigeria has been fined N150 million by the Competition and Consumer Protection Tribunal for contesting the court’s jurisdiction. Additionally, the business…
Nigeria’s economy to hit $1.85tn in five years – IMF
The International Monetary Fund has projected that by 2029, Nigeria’s Purchasing-Power-Parity-based GDP share of the world economy will be 0.78 per cent.…
FG denies proposing N105, 000 new minimum wage
The Presidency has characterized as fake the story making the rounds that the Minister of Finance and Coordinating Minister for the Economy,…
Cooking gas price crash amid export ban – Marketers
The Federal Government’s ban on the export of Liquefied Petroleum Gas, also known as cooking gas, has led to a crash in…
Nigeria to save $4.4bn by switching to compressed natural gas
The Federal Government of Nigeria has declared that by switching to compressed natural gas, the country will cut its yearly imports of…
OpenAI restores ChatGPT after major outage
OpenAI has successfully restored its widely-used AI chatbot service, ChatGPT, following a significant global outage that affected millions of users. The outage…
Companies on tax breaks rise to 104 – NIPC
The Federal Government acting through the Nigerian Investment Promotion Commission has awarded new tax breaks to 12 companies in the first quarter…
CBN clears $831m foreign airlines’ trapped funds – IATA
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from…
7.3 million Nigerians yet to get electricity meters – FG
The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number…