Business & Economy
Nigeria Poised for Significant Boost in Oil Production, Expert Says
Nigeria’s oil production is set to increase from 900,000 barrels per day to over 1.5 million barrels per day, according to Solomon Oseagah, ...
Business & Economy
Nigeria and Switzerland Set to Forge Stronger Ties to Drive Innovation and Economic Growth
The President of the Nigerian Senate, Senator Godswill Akpabio, has reaffirmed Nigeria’s commitment to deepening its partnership with Switzerland, with a focus on ...
Business & Economy
Nigeria’s Petrol Landing Cost Drops to N922.65, Signaling Potential Price Adjustments
Oil marketers in Nigeria have disclosed that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, as of Friday, stands ...
Business & Economy
IBEDC Under Fire Over New Minimum Energy Credit Purchase Policy
The Ibadan Electricity Distribution Company (IBEDC) is facing backlash following its decision to increase the minimum energy credit purchase requirement for Band A ...
Business & Economy
NNPCL Increases Petrol Prices Across Major Cities Amid Crude Oil Price Fluctuations
The Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS), commonly known as petrol, in major cities ...
Business & Economy
Nigeria’s Public Debt Surges to N142.3 Trillion Amid Exchange Rate Depreciation and Domestic Borrowing Growth
Nigeria’s total public debt has risen to N142.3 trillion as of September 30, 2024, reflecting a 5.97% increase (N8.02 trillion) from N134.3 trillion ...
Business & Economy
Communications Minister Defends 50% Telecom Tariff Hike Amid Backlash
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, defended the recent 50% tariff increase for telecom services on Tuesday, citing rising ...
Business & Economy
CBN Governor Vows to End Commoditization of Naira, Restore Currency Integrity
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reaffirmed his commitment to tackling the widespread commoditization of the ...
Business & Economy
NCC Approves 50% Call Tariff Increase, Projected to Generate Over N6.74 Trillion for Telecom Operators by 2025
The Nigerian Communications Commission (NCC) approved a 50% increase in call tariffs on Monday, potentially raising the average cost of phone calls to ...
Business & Economy
Lafarge Africa Enhances Customer Logistics with 155 New Trucks
Lafarge Africa Plc has distributed 155 trucks to its customers as part of a strategic initiative to enhance logistics capabilities and operational efficiency. ...