Power sector cash flow hits N900bn – FG
Nigeria’s power industry saw a rise in liquidity from N282 billion in 2015 to N900 billion as of Thursday. The Federal Government…
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NNPCL defends fuel import monopoly
Nigerian National Petroleum Company Limited, Mele Kyari, has justified the company’s present monopoly in fuel importation by claiming that oil marketers pulled…
Tinubu fires Kabir Mohammed as FAAN MD
President Bola Tinubu has announced the removal of Kabir Yusuf Mohammed as Managing Director of the Federal Airports Authority of Nigeria. According…
Tinubu swears in new ICPC, FCSC chairmen
President Bola Tinubu has officially sworn in Musa Adamu as the new Chairman of the Independent Corrupt Practices and Other Related Offences…
Nigeria gets 40,000MW power from generators- FG
The Federal Government announced on Tuesday that generators running on Premium Motor Spirit, also known as petrol, and those run on Automotive…
Naira trades 864/$ on official market as dollar supply rises
The naira closed at N864.29/$ on the official Investors and Exporters window, up 27.16 percent on Monday. The Punch reported that this…
PFAs profit N8trn from pension investments – Report
A recent report states that the Pension Fund Administrators have raked in a profit of N7.98 trillion from the investments made by employees…
$321,867 SMEs receive $1.4bn funding in six years – W’Bank
The World Bank said in a report on Friday that 321,867 Micro, Medium, and Small Businesses have benefited from wholesale funding totaling…
CIT collection rises by 116% to N1.75 trillion in 2023 – NBS
Nigeria’s Company Income Tax collection jumped from N810.19 billion in the third quarter of 2022 to N1.75 trillion in the third quarter…
NESG condemns FG’s N3.5tn budget for education, health
Bisola David The Nigerian Economic Summit Group has raised an issue with President Bola Tinubu’s 2024 Budget Appropriations Bill’s N3.5 trillion allotment…
Opay, Kuda, others to be taken down from fund transfer channels – Report
Banks in Nigeria have received instructions from the Nigeria Interbank Settlement System Plc to remove all non-deposit-taking…
Over 400,000 passengers use Blue Rail Line – LAMATA
Bisola David Over 400,000 passengers had travelled on the Blue Rail Line as of November 29, according to the Lagos Metropolitan Area…