Today we are at 8,000 megawatts with 5,000 megawatts on-grid and above 3,000 mega watts of…
Category: Economy
Reps ask Police, DSS to clamp down on fuel stations selling above regulated price
Most of those stations have resorted to selling fuel at over N300 per litre. It is…
Senate sets to clash with CBN over cash withdrawal policy
The committee was specifically mandated to interrogate these issues based on the concern that was expressed…
Falana faults CBN’s new cash withdrawal limit
Since the Money Laundering Act 2022 (which has fixed maximum cash withdrawal to N5 million) has…
Kaduna residents now eat one square meal as food prices sky-rocket
I am from Nasarawa State, schooling in Kaduna. I was only given transport money and N300…
Buhari approves disbursement of Cabotage fund – Sambo
We will disburse this funds in days to come to the beneficiaries deserving of it, as…
Nigeria receives over $1bn FDI in mining sector – Minister
The event has boosted investment in the gold value chain, increasing access to data, providing visibility…
We’ll not accept double taxation in AMAC – Official
The council has constituted a committee that will be going round to check the activities of…
House of Reps orders CBN to suspend new cash withdrawal limit
According to them, the new cash withdrawal policy will grossly affect small businesses and the economy.…
NCC-CSIRT advises factory-resetting infected devices to beat Xenomorph Malware
Only search for an app in the Google Play Store, pay close attention to the search…
Power outrage as truck hits TCN’s transformer in Abuja
Attempts are being made by TCN engineers to remove the conductors presently lying on the road…
BREAKING: CBN limits cash withdrawals to N100,000 weekly
The maximum cash withdrawal over the counter by individuals and corporate organisations per week shall henceforth…
Crisis brewing as Bauchi, Gombe lay claim to Kolmani Oil and Gas field
We are pleased with the current discovery of over 1 billion barrels of oil reserves and…
Jos DISCO to provide 400,000 meters to customers – MD
If you look at the number of meters installed by MAP, it is not impressive. We…
Abuja–Kaduna train service resumes Dec. 5, says FG
The Minister of Transportation, Mu’azu Sambo, during the test-run of the train Sunday directed that Nigerians…
BREAKING: Nigeria not broke, says FG
Ahmed also said Nigeria has not in anyway defaulted in its both domestic and foreign debt…
No plan to increase fuel price – FG
The government, through its Nigerian Midstream and Downstream Regulatory Authority, did not state any approved pump…
Nigerians share divergent opinions on naira redesign
Nigerians should be prayerful. Nigeria is drifting under the current government. See, the redesigning of the…
Buhari unveils new naira notes
He debunked rumours that the redesign of the Naira was targeted at an individual, and urged…
Buhari says his government broke jinx with first oil drilling in North
It is therefore to the credit of this administration that at a time when there is…
Buhari to unveil new naira notes Wednesday
Emefiele announced this during the Central Bank’s Monetary Policy Committee monthly meeting in Abuja Godwin Emefiele,…
CBN raises lending rate to 16.5%
The apex bank had increased the interest rate to 14 per cent months ago The Central…
Ministry of Agriculture kicks against IMF’s food crisis projection
People shouldn’t be afraid of any food crisis. The minister has explained this and so people…
Agony as fire destroys shops in Anambra market
There was no loss of life and the cause of the fire outbreak is unknown About…
NBS says 133 million Nigerians are multidimensionally poor
The survey was implemented in 2021 to 2022 and it is the largest survey with a…
Move to redesign naira causes serious disagreement in Senate
If the Central Bank of Nigeria (CBN) had wanted our support, as major stakeholders of our…
Nigerian inflation rises to 17-year high
On a month-on-month basis, the Headline inflation rate for October 2022 was 1.24%, this was 0.11%…
FG will do away with petroleum subsidy by June 2023 – Finance Minister
In the Medium-Term Expenditure Framework, the Federal Government proposed to spend N3.3tn on fuel subsidy between…
No going back on national carrier – Sirika
I have been very transparent in the processes put in place to deliver the national carrier.…
Aviation: Domestic operators drag FG to court over Ethiopian Airlines
We did not cede Nigeria Air to Ethiopian Airlines. It is the only airline in the…