Discos Reverse their Rate Increase Decision as they Wait for NERC Clearance.
Power distribution companies (Discos) in Nigeria have retracted their earlier announcement of a tariff hike scheduled for July 1, 2023,…
Category: Local
According to FG, Discos Failed to Remit N208bn in 2022.
According to the Federal Government of Nigeria, power distribution companies (Discos) failed to remit a total of N208.8 billion to…
CBN and Bill Gates Collaborate on Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have finalized their plans to enhance…
Paris Summit: Tinubu Promotes the Removal of Subsidies and the Adoption of an FX Policy.
President Bola Tinubu of Nigeria expressed the country’s readiness to engage in business and attract foreign investments. He emphasized ongoing…
NMDPRA Permits Six Enterprises to Import Petrol.
Six companies have been granted licenses by the industry regulator, the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA), to…
78 Initiatives are Prioritized by the FG to Change the Food System.
The Federal Government has identified 78 priority measures that, when completed, will overhaul the entire food system, from farm to…
Nigeria’s Exports Increase to N42 trillion as a Result of the Naira’s Depreciation.
After the Central Bank of Nigeria floated the naira, the value of Nigeria’s exports might increase to at least N41.99…
UK to Lower Import Taxes on Nigerian Goods.
The UK has stated that it is prepared to lower tariffs on goods coming from Nigeria and other emerging nations.…
Operators Attribute Airfare Increase to Currency Fluctuations and a Shortage of Aviation Fuel.
The recent increase in airfares was caused by a paucity of foreign currency and aviation fuel, according to the Airline…
Nigerians Protest the 7.5% VAT the FG Imposed on Diesel.
The payment of the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, was officially announced by…
43 Prohibited Products Remain Under our Position – CBN
The Central Bank of Nigeria (CBN) has maintained its position about the 43 prohibited commodities that were presented by its…
Solcon Capital Replaces Convergence Partners Investments as the Brand.
Convergence Partners Investments has changed its name to Solcon Capital as the company intensified efforts to promote platform economics-based global…
Inflation Increases to 22.41%
According to a recent data released by the country’s statistics bureau, Nigeria’s demand-pull inflation has increased once more to a…
Meet the New Members of President Bola Ahmed Tinubus’ Team.
The 9th Senate’s only official responsibility for President Bola Tinubu was to approve his list of Special Advisers. Exactly a…
NMDPRA and Marketers Meet to Avoid Petrol Shortages.
Following complaints from oil marketers about a lack of finances to import products, the Nigerian Midstream and Downstream Petroleum Regulatory…
The UN Plans to Combat Hunger and Malnutrition in Nigeria.
The United Nations World Food Programme launched a $2.56 billion Country Strategic Plan for Nigeria on Wednesday, aiming at addressing…
Private Industry, Economists Support CBN as the Naira Drops to 664/$.
To allow for a free float of the local currency against the dollar and other major world currencies, the Central…
According to Customs, Concessionaires Invested $300 million in a Modernization Project.
Col. Hammed Ali (ret. ), Controller General of the Nigeria Customs Service, said concessionaires of the Customs modernization project have…
Ghana’s Annual Inflation Rate Increased to 42.2% in May.
Ghana’s consumer inflation increased marginally from April to May, rising from 41.2% to 42.2% year over year, according to the…
Uber and Bolt drivers issue a seven-day strike warning over low pay.
A planned peace conference between e-hailing companies and the drivers who use the various app-based platforms to operate came to…
IMF Advocates 5 Priority Policy Options For Nigeria Regarding Financial Inclusion.
The largest economy in Africa’s largest country has five top-priority policy options for promoting financial inclusion, according to the International…
Nigeria Increases Oil Production by 15.6% to 1.3 mb/d.
The Organization of Petroleum Exporting Countries, or OPEC, announced yesterday that Nigeria’s oil production, excluding condensate, grew by 15.6% to…
IOC and NNPCL Report Finding Oil in OML 102.
The joint venture between TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited has claimed an oil discovery in…
FG to disclose ChatGPT practice code, among others.
According to the National Information Technology Development Agency, work on the Nigeria Code of Practice on the usage of ChatGPT…
Shipowners start the application process for the $700 million vessel fund.
It was announced on Monday by the Nigerian Indigenous Shipowners Association of Nigeria that applications for the $700 million Cabotage…
Shareholders urge banks to lower regulatory penalty.
Investors have urged financial institutions to cooperate with authorities in order to lower the fines and other fees that are…
Nigeria at Geneva for the International Labor Conference, along with others.
Participants from Nigeria’s three tripartite systems of government, employers’ organization, and organized labor are among the 187 member states taking…
In 2023, IATA Forecasts Increased Airline Profitability.
IATA, the International Air Transport Association, has raised expectations for 2023 and voiced optimism for increased airline industry profitability in…
Nigeria’s Oil Output Drops Below 1 million Barrels Per Day – Report.
According to a report from the Organization of the Petroleum Exporting Countries, Nigeria’s crude oil output has fallen below 1…
Nigeria Launches MNVO Operations and Issues Licenses to 25 Enterprises.
The Nigerian Communications Commission (NCC) may have authorized 25 businesses to operate as Mobile Virtual Network Operators (MVNO) in Nigeria.…