Business News
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43FG Spends ₦29b to Repair Damaged Power Towers –Report
The Federal Government, through the Transmission Company of Nigeria, has spent a total sum of N29.3bn as costs to repair 266 electricity...
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89Oil Prices Little Changed though US Reserve Bid Lends Support
Oil prices were little changed on Tuesday after falling in the previous session as a U.S. plan to buy oil for the...
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111High Production Cost Making Local Goods Uncompetitive –MAN
The Manufacturers Association of Nigeria has described the high cost of production as a major obstacle to the competitiveness of made-in-Nigeria goods....
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69Nigeria Loses ₦36tr Annually to Untitled Land –Operators
Operators in the built environment have estimated that Nigeria loses about N36tn annually due to untitled lands. The cost of land registration...
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86Oil Slumps, Yen Drops on Japanese Vote Result
Crude declined after Israeli strikes on Iran avoided oil facilities. The yen fell after Japan’s ruling coalition failed to win a majority...
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65Group Selects Nigeria for Japan-Africa Trade
The African Diaspora Network Japan has referenced Nigeria as a prime location to bolster economic relations between Japan and Africa. It advocated...
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192Nigeria’s Financial Inclusion Grows to 50%
Nigeria’s financial inclusion landscape has recorded some growth from 2016 to 2023, with formal financial service usage growing from 30 per cent...
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129Discos May Shoulder Power Transmission Repair Cost –NERC
The Nigerian Electricity Regulatory Commission has said that power distribution companies may begin to bear the cost of equipment used to repair...
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193Debt Servicing Hindering Nigeria’s Socioeconomic Development –IMF
The International Monetary Fund has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical...
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178FG Not Paying Electricity Subsidies, Discos Lament
Electricity distribution companies in Nigeria have said that the Federal Government has not been fulfilling its promise to pay the cost of...
