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Business and Economy

Senate to Approve Tinubu’s $2.2bn Loan Request Today

By Abigail Philip DavidThe Senate is set to approve President Bola Tinubu’s $2.2 billion (approximately N1.77 trillion) external loan request today, Wednesday. ...

JUST IN: Tinubu seeks National Assemby’s approval for $2.2bn fresh external loan

President Bola Tinubu has requested the National Assembly's approval for a fresh $2.2 billion external loan to support the 2024 Appropriation Act.The...

Ministry Proposes ₦500 Billion Annual Housing Budget for 2025

By   Milcah   TanimuAhmed Dangiwa, Nigeria’s Minister of Housing and Urban Development, has announced the ministry's push for a minimum annual housing budget of ₦500...

NERC to Nigerians: Report DisCos Demanding Payment for Prepaid Meter Replacements

By   Milcah   TanimuThe Nigerian Electricity Regulatory Commission (NERC) has reminded electricity distribution companies (DisCos) that they must replace faulty or obsolete prepaid meters at...

Key Business Updates for the Week: Cash Scarcity, Tinubu’s G20 Summit, and More

By  Milcah   Tanimu 1. CBN Instructs Banks to Prioritize ATM Cash Disbursement The Central Bank of Nigeria (CBN) has directed banks to focus on cash distribution...

Nigeria’s Inflation Rate Rises to 33.88% as Food Prices Surge

By   Milcah   TanimuNigeria’s inflation rate rose to **33.88%** in **October 2024**, marking an increase from **32.7%** in **September 2024**, according to the latest **Consumer...

Group Raises Alarm Over Alleged N3 Trillion Fuel Importation Fraud by NNPCL, Business Partners

***calls on CBN to investigate payment claimsThe Coalition for Economic Liberation and Transformation (CELT) has raised alarm over alleged N3 Trillion fuel importation fraud...

Maiduguri Airport to Become Regional Cargo Hub, Says Keyamo

By   Milcah   TanimuFestus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, has announced plans to transform Maiduguri Airport into a regional cargo hub. The...

UBA to Raise N239.4 Billion through Rights Issue

By Gabriel AchaduAfrica’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of...

NNPC Announces Senior Management Appointments, Strengthens Leadership

By   Milcah   TanimuNNPC Limited has revealed key changes to its leadership team as part of a strategic move to improve governance and operational efficiency...

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