Business News
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82NIMC: Senate Moves to Harmonise Identify Cards Systems across MDAs
The Senate yesterday passed for second reading, a bill to strengthen the regulatory duties of the National Identity Management Commission (NIMC) and...
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77Electricity: Metered Consumers Decline 0.21% to 5.9m
The total number of metered customers declined by 0.21 percent, month-on-month, MoM to 5.977 million in May 2024 from 5.990 million recorded...
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190Capital Importation Rises 210% to $3.38b
Capital importation into the country grew Quarter-on-Quarter (QoQ) by 210 percent to $3.38 billion in the first quarter of 2024 (Q1’24) from...
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170Africa holds 125b Oil Barrels, Says NUPRC
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said Africa holds substantial oil and gas reserves. The continent’s proven oil reserves are estimated...
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182FG Revokes ₦757b Obajana-Benin Highway Contracts
Contracts for the dualisation of the 489-kilometre Obajana-Benin Highway have been terminated by the Federal Government. The action, according to Works Minister...
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154Nigeria gets $19.5b of SSA’s $54b Diaspora Remittances –World Bank
Nigeria accounted for about 35 per cent of diaspora remittances in Sub-Saharan Africa (SSA), with the country receiving $19.5 billion out of...
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152Euro Rallies After French Vote, Stock Futures Gain
The euro advanced with European stock-index futures on speculation Marine Le Pen’s far-right party will struggle to win an outright majority in...
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154Work to begin on Lagos-Calabar Coastal Highway’s Sections 3 and 4
President Bola Ahmed Tinubu has approved the commencement of construction for Sections 3 and 4 of the Lagos-Calabar Coastal Highway, spanning from...
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148Oil Inches Higher on Summer Demand Outlook
Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption...
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186₦180tr Fed Govt’s Consumer Credit Scheme Set for Takeoff
The Consumer Credit Scheme of the Federal Government will take off with a target of N180 trillion available as loans to the...
