Tariff hike looms as monthly power subsidy hits N181bn
Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced that the construction of the $3.5 billion Bakassi…
Day: September 23, 2024
New US rules to exacerbate trade dispute with China
China has issued a warning to the United States, urging it not to take “discriminatory actions” against Chinese firms, following…
Construction of $3.5bn Bakassi seaport to begin soon – ICRC
Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced that the construction of the $3.5 billion Bakassi…
Customs, SMEDAN partner to ease SMEs’ cross-border trade
The Nigeria Customs Service (NCS) is partnering with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance…
$3.5bn business deals sealed at Indonesia-Africa Forum 2024
The 2nd Indonesia-Africa Forum held in Bali, Indonesia, resulted in the signing of 32 business partnership deals worth over $3.5…
Stock market sustains bullish trend
Ahead of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, the Nigerian stock market has maintained positive…
CBN Expected to Maintain Interest Rates as Inflation Declines Ahead of MPC Meeting
As the Central Bank of Nigeria (CBN) commences its 297th Monetary Policy Committee (MPC) meeting, financial analysts expect the apex…
PenCom reports over N5.72trn public sector contributions in Q2 2024
The National Pension Commission (PenCom) has reported significant growth in both public and private sector pension contributions, with public contributions…
External reserves hit 22-month high amid naira struggles
Nigeria’s external reserves have surged to a 22-month high of $37.31 billion as of September 2024, driven by significant foreign…
Cooking gas price rose by 69% in August 2024
The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has seen a significant increase in Nigeria over…
Nigerian economy to hit $400bn by 2026 – Rewane
Bismarck Rewane, the Managing Director of Financial Derivatives Company, forecasts Nigeria’s economy to grow by 3.5% by 2026, increasing the…