Category: Local

Former Finance Minister, Olusegun Aganga, highlighted a critical economic reality at the 51st Annual General Meeting of the Manufacturers Association…

Olubunmi Tunji-Ojo, Nigeria’s Minister of Interior, revealed plans to revolutionize international air travel experiences through digitization. By introducing cutting-edge measures…

The Supreme Court of Nigeria has established a seven-member panel of justices to consider appeals filed by three presidential candidates…

Nigeria is one of nine countries anticipated to experience a deteriorating hunger situation in the coming year, according to the…

Nigeria faces a daunting task in generating the revenue needed to support its proposed N26.01 trillion budget for 2024. This…

Nigeria has urged Member States to back the proposed resolution for a global Tax Convention aimed at establishing a more…

The Nigerian Exchange Limited experienced its second consecutive day of gains, driven by investor interest in financial institution stocks. The…

According to experts at the 2023 African Economic and Capital Markets Conference, foreign investors may continue to steer clear of…

Barth Nnaji, a former minister of power in Nigeria, has alleged that diesel suppliers and generator dealers are sabotaging efforts…

The naira experienced a 6.77 percent gain against the dollar at the official market, despite decreased liquidity. At the close…

Nigeria’s inflation rate has continued to rise, reaching 26.72% in September, with food inflation hitting a record high of 30.64%.…

Nigeria is poised to become a hub for Active Pharmaceutical Ingredients (API) manufacturing by early 2024, thanks to a private-sector…

Despite President Bola Tinubu’s declaration of a state of emergency on food security in July, farmers in Nigeria report a…

The cost of berthing a petrol-laden ship in Nigeria is substantially higher compared to its West African counterparts, significantly impacting…

Nigeria’s food inflation has been on an upward trajectory since August 2019, accelerating further after the country removed petrol subsidies…

Nigeria’s recent naira devaluation, while negatively impacting production capacity in the manufacturing sector, has led to increased foreign demand for…

The Nigerian Electricity Regulatory Commission (NERC) has stated that electricity demand in Nigeria is expected to grow to 45,662 megawatts…

The Federal Government of Nigeria has announced plans to commence quarterly assessments of the performance of its 48 ministers beginning…

Nigeria is currently one of the largest mini-grid markets in Africa with over 100 operational mini-electricity grids, according to the…

The Lagos Metropolitan Area Transport Authority (LAMATA) has announced the resumption of passenger operations on the Lagos Blue Rail, following…

The International Monetary Fund (IMF) has addressed the pressure on the Nigerian naira and indicated that Nigeria has the option…

Rising power costs are posing a significant challenge to businesses in Nigeria, impacting their operations and profitability. Small and large…

Despite significant investments in Nigeria’s power sector and its privatization in 2013, the country continues to grapple with frequent power…

Eleven banks in Nigeria collectively witnessed a 50% increase in lending during the first half of 2023, despite the backdrop…

The Nigerian government aims to achieve a daily oil production rate of 2 million barrels by December 2023. This target…

The number of complaints lodged by customers in five Nigerian banks has surged by 117% to reach 6,865,217 year-on-year as…

FBN Holdings Plc, a Nigerian financial services group, has applied for approval from the Nigerian Exchange Limited (NGX) to raise…

The Central Bank of Nigeria (CBN) has lifted foreign exchange restrictions on 43 items, allowing importers to purchase foreign exchange…

The Eko Electricity Distribution Company (EKEDC) has announced that customers who paid for meters under the Meter Asset Provider (MAP)…