Business News
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106‘252MW Power Plant to Be Operational Soon’
The Managing Director of Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo, has said that the 252 Megawatts Gbarain Power Plant in...
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81Tinubu Seeks Senate Nod for SEC Nominees’ Confirmation
President Bola Tinubu yesterday asked the Senate to screen for confirmation, four persons recently appointed as members of the Board of the...
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84Headline Inflation Maintains Uptrend
Nigeria’s headline inflation maintained its uptrend, rising by 49bps to 33.69% y/y in April (March: 33.20% y/y). The outturn is 129bps and...
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83Oil Prices Rise on US Inventories Drawdown Expectations
Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and...
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73European Stock Futures Rise Ahead of Key US Data
Global equities are set for a fresh record after a big tech-led rally in US gauges, with investors awaiting key inflation data...
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163FG Lost ₦2.09b to Online Fraudsters in Q4 2023 –FITC
Following the loss of N2.09 billion in the fourth quarter of 2023 through fraudulent online activities and the increasing rate of crimes across the country,...
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109Marketers Ordered to Open Pumps for CNG Vehicles
The Federal Government has concluded plans to ensure marketers open Compressed Natural Gas Pumps in filling stations across the country. As such,...
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74Nigeria, UN Seek $306m for Food Aid in 3 States
The Federal Government, in partnership with national and international partners, yesterday launched an appeal seeking $306 million to fast-track food assistance, nutrition...
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67FG Unveils Plan to Tackle Energy Crisis
The federal government has unveiled a national energy master plan to address the challenges of energy facing the country. The documents: “National...
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108Nigeria, Taiwan Trade Volume Hit $500m
The Chief of Mission, the Taiwan Government in Nigeria, Andy Liu, yesterday, stated that the trade volume between Nigeria and Taiwan stood...
