CATEGORY
Business and Economy
Economic Downturn Drives Banks’ Non-Performing Loans to N478 Billion
By Milcah TanimuAmidst the prevailing economic challenges, the first half of this year saw at least four banks in Nigeria reporting non-performing loans (NPLs)...
Expert Believes Nigeria Can Generate Over N10 Trillion Annually from a Knowledge-Based Economy
By Milcah TanimuDr. Mustapha Popoola, the Executive Director and Global Impact Lead of Research for Impact and Knowledge Economy for Sustainable Development (RIKESD), has...
African Development Bank (AfDB) Commits $25 Billion to African Climate Fund
By Milcah TanimuThe President of the African Development Bank (AfDB), Femi Adesina, announced on the second day of the African Climate Summit in Nairobi,...
N1B needed to reactivate water stations in A’Ibom- Etuk
By Ogenyi Ogenyi,UyoAtleast one billion naira is needed to reactivate the 29 the water stations across Akwa Ibom, General Manager, Akwa Ibom Water Company,...
Guaranty Trust Holding Company Plc Reports Impressive Profit Growth to N327.4bn, with Total Assets Reaching N8.5tn
By Daniel EduGuaranty Trust Holding Company Plc (GTCO) has announced a remarkable performance in its financials for the first half of 2023, reporting a...
**EU Grants Nigeria €440,000 to Boost Research**
By Daniel EduThe Tertiary Education Trust Fund (TETFund) in Nigeria has received a significant boost in its efforts to secure international research grants for...
Product Taxes Increase to N1.36 Trillion in Six Months, Despite Economic Hardship – NBS Reports
By Daniel EduTaxes on various products within the country have surged to N1.36 trillion during the first half of 2023, despite prevailing economic challenges.This...
NLC and FMBN in Conflict over N238bn National Housing Fund
By Daniel EduThe Nigerian Labour Congress (NLC) and the Federal Mortgage Bank of Nigeria (FMBN) are engaged in a dispute concerning the management of...
End of Borrowing for Nigerian Economy Declared by Finance Minister
By Milcah TanimuThe Nigerian government has announced its decisive step to discontinue borrowing from both local and foreign sources. This decision is intertwined with...
Nigerian Banks Suffer N6.03 Billion ($7.8 million) Losses in 2023 Due to Rising Fraud
By Milcah TanimuIn the first half of 2023, Nigerian banks have faced significant financial losses, totaling N6.03 billion ($7.8 million), owing to a surge...
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