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Dangote group to withdraw ₦100bn suit against NMDPRA, others
In a surprising twist of events, the Dangote Group says it will withdraw its ₦100bn suit against the Nigerian Midstream ...Electricity produced with petrol generator now costs N750/kWh, says Adelabu
Adebayo Adelabu, minister of power, says one kilowatt-hour (kWh) of electricity produced by petrol-powered generators now costs N750. Speaking at ...Telcos reject 5% excise duty proposal, to meet Bosun Tijani to stop implementation
The Association of Telecommunication Companies of Nigeria (ATCON) have rejected plans to reintroduce a 5 percent excise duty on the ...UK soft-pedals on Air Peace, lists conditions to secure slots at Heathrow
The UK aviation authorities have expressed readiness to discuss the issue of slot allocation to Air Peace, the Nigerian carrier, ...UBA grows net interest income by 149%, increases PBT to N603bn in Q3 2024
The United Bank for Africa Plc on Monday announced its unaudited results for the third quarter ended September 30, 2024, ...Nigeria loses $3bn annually to imported ankara fabrics — Minister
Minister of Art, Culture, and Creative Economy, Hannatu Musawa, has said that Nigeria loses $3 billion annually to foreign manufacturers ...Chevron discovers new 17,000bpd oil field – Report
Chevron Nigeria Limited, a subsidiary of Chevron Corporation, has announced the discovery of a new oil field estimated to hold ...IMF to raise $8bn to reduce poverty in low-income countries
The International Monetary Fund (IMF) has announced a plan to raise $8 billion to reduce poverty in low-income countries. In ...AfDB approves $100m for establishment of Youth Entrepreneurship Investment Bank in Nigeria
The African Development Bank (AfDB) has approved $100 million for the establishment of the Youth Entrepreneurship Investment Bank in Nigeria. ...Nigerians lament hunger, World Bank says 129m trapped in poverty
The World Bank has released the Nigeria Development Update report, offering a bleak outlook on poverty in Nigeria, as it ...
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