Category: Business
FG approves N263bn for power substations
The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first Phase of the Presidential Power Initiative, otherwise known as the Siemens Project. The…
Kwara recorded lowest inflation rate, says NBS report
The National Bureau of Statistics (NBS) has declared Kwara as the state with the lowest Food Inflation rate in Nigeria on Year-on-Year basis in November…
FAAC shares N1.827trn revenue with federal, state, local governments in November
The revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation Committee, FAAC, increased by N490…
Cash scarcity: CBN gives update on validity of old N1000, 500, N200 Naira notes
The Central Bank of Nigeria (CBN) has reiterated that the old N1000, N500, and N200 denominations remain valid and legal tender nationwide. The spokesperson of…
NNPC reduces fuel price to N1,020 in Abuja/Niger, N1,000 in Kwara/Ondo/Osun/Edo and N980 in Lagos/Ogun
The Nigerian National Petroleum Company Limited (NNPCL), has reduced the price of Premium Motor Spirit (Petrol) across its retail outlets in the Federal Capital Territory,…
World Bank to approve Nigeria’s $500m loan request, 10th under Tinubu
International lender, the World Bank, is expected to meet and approve a $500 million loan to Nigeria on Friday to boost rural access and agricultural…
We never stopped gas supply to GenCos – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says it has never issued a directive stopping gas supply to power generating companies, GenCos. The…
Reps order CBN to address cash scarcity
The House of Representatives has expressed concern over the ongoing cash scarcity in commercial banks across the country. This is as the green chamber of…
Flight delays: Nigerian Govt to sanction errant airlines
The Federal Government, through the Nigeria Civil Aviation Authority (NCAA), says it will sanction errant airlines for delaying flights unnecessarily, urging aviation passengers to be…
AbdulRazaq to Investors: Ilorin Smart City, Agroprocessing Zone Are High Impact Projects
• engages CEO, Dubai Consultancy Kwara State Governor AbdulRahman AbdulRazaq as the chief marketer during his engagements in Rabat, Morocco, recently, gave insights on the…

