The Federal government is expecting the official exchange rate for Naira to the dollar to be…
Category: Business/Economy
2023: Next president to spend first three years repaying Nigeria’s N24.7trn debt
There are strong indications that Nigeria’s next president will be burdened by over N24.7 trillion in…
TCN mobilises to restore national grid as electricity workers suspend strike
The Transmission Company of Nigeria (TCN) has begun mobilizing its staff to restore the national grid…
Electricity workers begin strike, shut down national grid
Electricity workers in Nigeria, under the aegis of the National Union of Electricity Employees (NUEE) have shut…
FG apologises to Nigerians over failed promise to attain 5000 megawatts power supply
* Engages Labour on electricity workers’ strike The Federal government, on Wednesday, blamed shortage of gas…
CBN directs banks to raise interest on savings deposits to 4.2%
The Central Bank of Nigeria (CBN) has directed banks to increase the minimum interest rate payable…
TCN, minister beg electricity workers to suspend planned strike
The Transmission Company of Nigeria (TCN) has appealed to electricity workers in the country to suspend…
Blackout looms as electricity workers threaten to begin strike on Wednesday
Electricity supply crisis might worsen from Wednesday, as Organized Labour has directed workers in the power…
CBN reduces external reserves by $337m to protect naira
Nigeria’s external reserves fell to $38.882 billion, as the Central Bank of Nigeria (CBN) pumps foreign…
Customs mulls deployment of drones at borders to curb smuggling
The Nigeria Customs Service (NCS) says plans are afoot to deploy drones and other technologically advanced…