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Business and Economy

Nigeria Loses N729 Billion Annually from Low SSB Tax

By  Milcah   TanimuNigeria could gain an extra N729 billion each year if the federal government raises the tax on sugar-sweetened beverages (SSBs) from N10...

Petrol Marketers Import 123 Million Litres, Continue Discussions with Dangote Refinery

At least four vessels carrying a total of 123.4 million litres of Premium Motor Spirit (PMS), commonly known as petrol, arrived at Nigerian...

Nigeria Supplies 24-Hour Electricity to Benin, Niger, Togo

By   Milcah   TanimuThe Transmission Company of Nigeria (TCN) announced that Nigeria provides 24-hour electricity to neighboring countries, including Togo, Benin Republic, and Niger.In an...

Nigerians Groan In Darkness As National Grid Collapses Third Time In One Week

Nigerians are facing yet another power outage as the national grid collapsed for the third time in one week. The latest collapse occurred...

FG approves N12.9bn for NHIA, NPHCDA, two others

The Federal Government has approved the release of N12.91 billion for four key health agencies: the National Health Insurance Authority (NHIA), the National...

Invest in Rivers Niger and Benue to Boost Nigeria’s Economy

By   Milcah   TanimuThe federal government must invest significantly in transforming the Rivers Niger and Benue into economically viable waterways to unlock their immense potential...

Oil Production Activities Resume at OML 55

By   Milcah   TanimuOil production activities have resumed at **Oil Mining Lease (OML) 55** in Nigeria, following sustained military efforts to combat oil theft. These...

Nigerians Turn to Opay, PalmPay, Moniepoint Amid Banks’ IT Glitches

By   Milcah   TanimuNigerians are increasingly turning to fintech platforms like Opay, PalmPay, and Moniepoint as traditional banks struggle with ongoing technology upgrades that leave...

World Bank: Naira Among Africa’s Worst Performing Currencies

By  Milcah   TanimuThe Nigerian Naira has emerged as one of Africa’s worst performing currencies in 2024, according to the World Bank's latest Africa’s Pulse...

World Bank: Nigeria Needs 15 Years of Reforms for Economic Transformation

By   Milcah   TanimuThe World Bank has stated that Nigeria needs to maintain its current economic reforms for the next 10 to 15 years to...

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