Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and…
ILO Warns that Nigeria’s Unemployment Rate Could Increase.
The International Labor Organization has issued a dire warning that millions of people in Nigeria and other…
PenCom Endorses 181 Companies for Government Contracts.
181 companies have received permission from the National Pension Commission to conduct business with the Federal…
Davos2023: A WEF Survey Predicts a Global Recession in 2023.
In a survey conducted by the World Economic Forum (WEF) of chief economists from the private and public sectors,…
Ghana Delays The Exchange Deadline for Domestic Debt a Third Time.
The registration deadline for Ghana's domestic debt exchange has once more been extended, this time to January 31,…
Nigeria FG Advised to Increase Funding for Road Infrastructure.
Hon. Unyime Idem, a member of the House of Representatives representing the Ukanafun/Oruk Anam Federal…
Microsoft is Rumoured to be Investing in OpenAI and Increasing ChatGPT Access.
Microsoft Corp (MSFT. O) announced that it is expanding access to wildly popular software from OpenAI, a startup…
China’s 2022 Economic Growth One of the Worst on Record.
As a result of severe COVID restrictions and a downturn in the real estate market in the fourth quarter of 2022,…
Gold Prices are Seen Rising Toward High Records.
As the United States slows the pace of rate hikes and eventually stops increasing them, analysts predict that gold…
PoS Operators Reject Raising the Service Fee.
In response to the Central Bank of Nigeria's decision to review the cash withdrawal limits for automated teller…
National Assembly Resumes, with a Priority on Restructuring the N23.7tn Loan.
The National Assembly will reconvene after its holiday recess to address outstanding matters of national…
Officially, the NLNG Bonny Plant is Still Functioning.
According to the Nigeria LNG Limited, despite a force majeure declaration made in October 2022 and issues with…
The Licensing for Oil Blocks will End in April – Nigeria FG.
The Federal Government declared that the seven deep offshore open oil blocs licensing round, which started on…
Inflation Rate in Nigeria Drops for the First Time in 11 Months.
The inflation rate in Nigeria decreased to 21.34 percent for the first time in 11 months. Up until November 2022,…
Market Value Decreases by N89.14 billion.
The market capitalization of the Nigerian Exchange Limited's stock market decreased by N89.14 billion, signalling…
The World Bank Chooses BoI to Allocate Funds for MSME
According to the Bank of Industry, the World Bank has approved its nomination as the national provider of the…
Shipowner Dispute Over $350 million Maritime Fund Distribution.
The Maritime Administration and Safety Agency wanted to merge with the Nigerian Indigenous Shipowners Association…
CBN Initiates $15.3 billion to Help Bolster Naira.
To maintain the value of naira from January to October 2022, the Central Bank of Nigeria injected $15.3 billion…
Keyamo: Under Buhari’s Administration, Inflation Rate is not the Highest.
The spokesperson for the All Progressives Congress presidential candidate Asiwaju Bola Tinubu, Festus Keyamo, has…
Indian Businesses Invests $19 billion in Nigeria.
Over 135 Indian companies have made a total of $19 billion in investments in Nigeria over the course of the last…
World Bank Attributes The Decline in Oil Production to Technical Issues.
According to the World Bank, the 40% decrease in Nigeria's oil production last year was caused by technical…
Exxon is Getting Ready to Begin a $2 billion Texas Oil Refinery Expansion.
Exxon Mobil Corp (XOM.N) set to significantly increase the production of gasoline and diesel at its Beaumont,…
Millions of Unclaimed PVCs Compel INEC to Change the Deadline.
The National Commissioner dismissed the fear of card shortage, saying the commission “printed 13,868,441 PVCs for…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum…
In Ten Years, 271 Structures have Collapsed in Lagos.
According to records obtained from the Building Collapse Prevention Guild, Lagos State has the highest number of…
N446 billion was gained by stock investors.
Due to ongoing buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings…
Bank Borrowing from the CBN Increases by 260% to N21.87 trillion.
According to CBN financial data, Deposit Money Banks borrowed N21.87 trillion from the Central Bank of Nigeria in…
FG and Airlines Meet in Court Regarding Nigeria Air.
At the Federal High Court in Lagos, attorneys for the Federal Government and the domestic airlines are anticipated…
Price of Kerosene Increases by 146%
The average retail price of kerosene per litre increased by about 146% from N441 in November 2021 to N1,083/litre…
Banks Holding New Notes will be Sanctioned, Says the CBN.
Any commercial bank hoarding the new naira notes from the general public will face sanctions from the Central Bank…