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Business and Economy

Manufacturers in Nigeria Experience Annual Loss of N10.1tn due to Power Crisis

The Manufacturers Association of Nigeria (MAN) has revealed that the country's persistent electricity shortage poses a significant obstacle to the profitability of manufacturers, resulting...

Nigeria’s Inflation Rate Hits 22.41% As Price Of Goods Increase

Nigeria's inflation has risen to 22.41%, a new record high of close to two decades.A report released by the National Bureau of Statistics on...

NCC targets 27 million Nigerians without telecom access

The Nigerian Communications Commission (NCC) has announced its commitment to expanding telecommunication services to the 27 million Nigerians currently without access to telecoms. Through...

Sanlam partners with aYo Holdings to transform insurance in Nigeria.

Sanlam, a global insurer, has formed a partnership with microinsurance fintech company, aYo Holdings, to revolutionize the insurance sector in Nigeria. The collaboration aims...

Putin Set To Meet African Leaders To Discuss Russia-Ukraine Grain Deal

Russian President, Vladimir Putin is scheduled to meet with leaders of African countries on Saturday, June 17 in St Petersburg, according to presidential aide...

Six key facts about Mohammed Umar Abba, the acting Chairman of the EFCC:

1. Mohammed Umar Abba was born on June 22, 1965, in Tudunwada Local Government Area of Kano State. 2. Abba obtained his first degree from...

Mbah pledges to boost Enugu’s GDP from $4.4 billion to $30 billion.

Governor Peter Mbah of Enugu state has established a target for his administration to elevate the state's Gross Domestic Product (GDP) from $4.4 billion...

CBN Orders Commercial Banks To Trade Forex At Any Rate

There are indications that the Central Bank of Nigeria, CBN has directed banks to trade foreign exchange at any exchange rate in the Investors...

Nigerian Stocks Surge 15-Year High Days After Emefiele’s Suspension

Days after Governor of the Central Bank of Nigeria, Godwin Emefiele was suspended by President Bola Tinubu, Nigerian stock market surged to its highest...

TrustBanc shareholders greenlight N1.5bn capital boost

The approval aims to strengthen the bank's position as a leading lender in the public sector and support its expansion into other retail lending...

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