CATEGORY
Business and Economy
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 Tanimu
Ahmed 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 Tanimu
The 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 Tanimu
Nigeria’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 claims
The 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 Tanimu
Festus 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 Achadu
Africa’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 Tanimu
NNPC Limited has revealed key changes to its leadership team as part of a strategic move to improve governance and operational efficiency...
FG Secures $134 Million AfDB Loan to Boost Agricultural Sector
By Abigail Philip David
The Federal Government has secured a $134 million loan from the African Development Bank (AfDB) aimed at enhancing agricultural production...
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