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Category: Business
Naira appreciates against dollar on official market
The naira appreciated significantly against the dollar at the official foreign exchange market to begin the week on a bullish note. The Central Bank of…
Concerns as Nigeria’s debt balloons to N149.39tn amid worsening infrastructural deficit
Financial experts and economists have raised concerns over Nigeria’s N149.39 trillion debt profile at the end of the first quarter of 2025 without a commensurate…
Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting
Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre. This comes as petroleum product marketers plan an…
ECOWAS to hold regional youth conference for joint socio-economic solutions in Senegal
The Economic Community of West Africa States (ECOWAS), has unfolded plans to hold a regional youth conference in Saly Portudal, Senegal to harmonize perspectives and…
Nigerian banks announce early closure over half-year audit
Nigerian commercial banks have announced early closure from Monday, June 30, 2025. The banks gave scheduled half-year audit activities as the reason for the early…
TCN announces 120MW addition to national grid
The Transmission Company of Nigeria (TCN), has announced that it has energised two newly installed power transformers at its 330/132/33 kilovolt Birnin Kebbi Transmission Substation…
NCAA grounds Rano Air aircraft after mid-flight engine failure
The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft with registration number 5N-BZY following an in-flight engine failure during a flight from…
Nigeria projected among top-five world’s biggest economies
Nigeria has been projected to be among the top five biggest economies in the world by 2075. The Spectator Index disclosed in a post on…
Elon Musk’s Starlink resumes activation of fresh customers in Nigeria
United States of America tech billionaire, Elon Musk’s firm, SpaceX Starlink, a satellite internet provider Starlink, has officially resumed activation for customers in Nigeria nationwide….
Israel-Iran war: Nigerian fuel prices to drop on easing global crude cost – Marketers
The escalated prices of premium motor spirit in the Nigerian retail market are expected to cool off following the easing of global crude oil prices….