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Business and Economy
Tinubu Unveils National Engineering and Innovation Fund to Foster Local Solutions
By Milcah TanimuPresident Bola Tinubu has launched the National Engineering and Innovation Fund (NEIF), a federal initiative aimed at supporting local innovation, encouraging entrepreneurship,...
APC, PDP Governors Clash Over Oil Revenue Distribution
By Abigail Philip DavidBauchi State Governor Bala Mohammed has accused the Federal Government of failing to properly remit oil revenue to the Federation...
Bill to Exempt Police from Pension Scheme Could Cost Nigeria N3.5 Trillion
By Milcah TanimuThe Pension Fund Operators Association of Nigeria (PenOp) has raised concerns about a bill that seeks to exempt the Nigerian Police Force...
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...
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