The Telecom Industry makes for N2.508 trillion of Nigeria’s GDP.
In the first quarter of 2023, Nigeria's telecoms and information services industry contributed a magnificent…
Marketers: 800 gasoline tankers were converted to supply gas.
In order to dispense compressed natural gas to automobiles that run on gas, oil marketers are now changing some of…
NBS: Exports of Manufactured Goods Fall by 40%.
The value of traded manufactured goods fell by a staggering 40% in Q1 2023, according to the National Bureau of…
Nigeria and Other Countries Reportedly Hinder Africa’s GDP Growth by 65%.
According to McKinsey, Nigeria, Egypt, and South Africa were to blame for 65% of the decline in Africa's GDP.
…
Prof-taking Continues as Stock Market Drops by N37 billion
The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization…
United Nigeria Airline Plans to Expand its Fleet and Regional Operations.
The management of United Nigeria Airlines Limited has announced ambitions to grow the size of its fleet and extend…
In 2023, IATA Forecasts Increased Airline Profitability.
IATA, the International Air Transport Association, has raised expectations for 2023 and voiced optimism for…
The Success of NAHCO Is Due to Efficient Management
Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the…
Senior Customs Officers Call on FG to Stop Disputed 3.2 million Modernization…
Senior members of the Nigeria Customs Service (NCS) have pleaded with President Bola Tinubu to halt the divisive…
427,962 Nigerians Abroad Receive NIN.
In May 2023, 25.17 percent of Nigerians living abroad have National Identification Numbers. Since the National…
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…
NNPCL to Stop Importing Petroleum in August.
The Nigerian National Petroleum Company (NNPCL) has stated that it would reduce its imports of Premium Motor…
The central bank of Nigeria permits the naira to fall 2% to a historic low.
On Wednesday, the naira was permitted to reach a record low on the official market by around 2%, although the rate…
Marketers Struggle to Get N10 billion for New Purchases of Fuel.
The Nigerian National Petroleum Company Limited has a new financial need of around N10 billion to cover the cost…
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…
ART seeks a crude oil swap to release $810 million in blocked funds for airlines.
Dr. Gabriel Olowo, president of the Aviation Roundtable and Safety Initiative, yesterday urged Mr. Godwin…
Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.
Since May 29 when subsidies were formally eliminated, gas prices at the pump have climbed by more than 100%. On…
World Bank: Nigeria’s Economic Expansion is too Sluggish to Combat Poverty.
The World Bank issued a warning Monday, stating that Nigeria's economic expansion is too sluggish to deal with the…
Stakeholders Expect an Increase in Call Costs Due to the Telecom Tax.
Muhammadu Buhari, the former president of Nigeria, put a 5% excise levy on telecommunication services into law in…
Reps Call on the Government to Contract Out Refineries to IOCs.
The House of Representatives urged the Federal Government and Nigerian National Petroleum Corporation Limited…
Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.
According to a research published by Agusto &Co, Nigerian banks have a significant amount of exposure to the…
Nigeria Air: Representatives Urge that the Main Perpetrators be Charged.
The House of Representatives Committee on Aviation has demanded the detention, criminal prosecution, and…
Kaspersky claims Nigeria has the second-highest number of cyberattacks in Africa.
According to a Kaspersky research, Nigeria experiences the second-highest number of cyberattacks in Africa. Only…
Nigeria’s BUA Receives $500 million to Build New Cement Lines.
The International Finance Corporation (IFC) and other lenders have provided $500 million in finance to Nigeria's…
Nigeria’s Labour Congress to Call Off Strike Over Gasoline Subsidies.
A signed resolution of the agreement stated that Nigeria's largest labor union had decided, following a meeting…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic…
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic…
Accra Medical Center and IFC collaborate to increase access to affordable…
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND…
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice…
The 89MW Castle Wind Farm’s Financial Close has been Announced by AIIM…
Through an Eskom wheeling agreement, the AIIM consortium has completed the financial close on the 89 MW Castle…
Pension funds investments in FGN securities rise – Report.
At the conclusion of the first quarter of 2023, the portion of the Pension Fund's assets held in Federal…