The International Monetary Fund (IMF) has warned that a significant reduction in foreign lending to Nigeria…
Category: Business/Economy
CBN okays dollar-denominated loans by foreign banks in Nigeria
To improve forex liquidity, the Central Bank of Nigeria (CBN) has authorised foreign banks’ representatives in…
Dollar gains against Naira as foreign reserves decline
Trading in the foreign exchange official market closed with the Dollar rate hitting N462.78/$1 on Monday,…
Benin Rep, Niger Rep, Togo owe Nigeria N22.55bn in electricity bill
Nigeria’s three West African neighbours – the Republic of Benin, Niger, and Togo – owe the…
Stay away from airports, FAAN warns NLC, TUC
*Amid flight disruptions The Federal Airports Authority of Nigeria (FAAN) has urged the Nigeria Labour Congress…
Buhari to unveil 650,000 barrels per day Dangote Refinery May 22
President Muhammadu Buhari will on May 22, 2023 unveil the multi-billion Naira Dangote Refinery in Lagos.…
Report uncovers 20 mansions linked to Tinubu’s associates in UK
A report has linked the President-elect, Bola Ahmed Tinubu, with 20 properties in the United Kingdom…
Ways and Means pushes Nigeria’s debt burden to N69tr
As with the Senate, the House of Representatives on Thursday approved the request by President Muhammadu…
National blackout looms as FG moves to disconnect more DisCos, GenCos from power grid
Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal…
NLC, TUC kick as Senate okays Buhari’s N22.72tr ‘Ways and Means’ loan request
The Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) have faulted the Senate’s approval…