Business News
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199Discos 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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283Debt 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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240FG 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...
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261FG Issues 60-Day Ultimatum on Ground Rent
The Minister of Housing and Urban Development, Ahmed Dangiwa, has told federal Certificate of Occupancy (C/O) title owners to pay their ground...
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156Each Nigerian Household Spends ₦10,240 Monthly on Cooking Gas –NBS
A report by the National Bureau of Statistics (NBS) has stated households in Nigeria spend an average N10,239.7 on liquefied petroleum gas...
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224Oil Prices Rise More Than 1% Amid Concerns on Mideast Tensions
Oil prices climbed by more than 1% on Thursday, almost reversing previous session’s losses, as Middle East tensions came back into focus...
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477Price of Bag of Local Rice Rises 152% to ₦95,738
The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853...
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297BPP Seeks to Amend Procurement Law to Boost Local Manufacturing
The Bureau of Public Procurement (BPP) has initiated moves to amend the Public Procurement Act (PPA) 2007 with a view to strengthening the...
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317NNPC Acquires Equipment for New 40 CNG Stations
The Nigerian National Petroleum Company Limited has acquired equipment and other necessary items to set up an additional 40 Compressed Natural Gas...
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194Shifting Fed Views Boost Yields, Weigh on Stocks
A selloff in global bonds resumed, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal...
