Nigeria Loses $10Billion Annually Due to Importation of Welders
The Federal Government of Nigeria has revealed that the country loses an estimated 10 billion dollars annually by importing welders with international certification, despite having millions of local...
View ArticleNigerians Express Frustration as Banks Grapple with Cash Shortages
In light of the prevailing cash scarcity leading to banks’ inability to fulfill customers’ cash demands, Nigerians have expressed dissatisfaction, prompting the Central Bank of Nigeria (CBN) to assure...
View ArticleForeign Trade Soars on Crude Oil Surge
Nigeria’s foreign trade has skyrocketed by an impressive 53.16% year over year, reaching a staggering N 18.80 trillion in the third quarter of 2023. The surge is attributed to an 83.23% increase in...
View ArticleNigeria’s Agriculture Hits Speed Bump with 1.3% Growth in Q3
Nigeria’s farming landscape faces a slowdown, with growth reducing to 1.3 percent in the third quarter of 2023. According to the National Bureau of Statistics, this decline is attributed to a drop in...
View ArticleCorporate Affairs Commission Reverses One Hundred Million Naira Minimum...
The Corporate Affairs Commission (CAC) has withdrawn its directive imposing a minimum paid-up capital of one hundred million naira for companies with foreign participation. The announcement of this...
View ArticleUS jobless rate falls to lowest level since July
The United States job market has shown robust growth, surpassing expectations last month, as workers in Hollywood and the automobile industry returned from strikes. According to the latest report from...
View ArticleCentral Bank Of Nigeria Suspends Processing Fees Previously Charged On Cash...
The Central Bank of Nigeria (CBN) has immediately suspended the processing fees of two percent and three percent previously charged on all cash deposits above certain thresholds. This suspension shall...
View ArticleNigeria records N948.07bn VAT in Q3 202, says NBS
The National Bureau of Statistics said the aggregate Value Added Tax stood at over nine hundred billion naira in the third quarter of 2023. This is according to the VAT third quarter 2023 Report...
View ArticleKwara Government Pledges Expansion of Infrastructure, Improved Business Climate
In a commitment to bolster economic growth and enhance the business environment in Kwara State, Governor AbdulRahman AbdulRazaq officially opened the 10th Kwara Trade Fair in Ilorin on Monday. During...
View ArticleNigeria Sovereign Investment Authority hands over second Niger bridge to...
The Nigeria Sovereign Investment Authority has said that the Second Niger Bridge, linking Southeastern Nigeria to other regions, was implemented through the Presidential Infrastructure Development Fund...
View ArticleNPA, World Bank partner to revamp Nigeria’s decaying port infrastructure
The Nigeria Port Authority, NPA, and World Bank are working on a partnership towards revamping Nigeria’s decaying port infrastructure. Managing Director of NPA, Mohammed Koko, disclosed this on Tuesday...
View ArticleCBN Affirms Resilience of Nigerian Banking Industry Amid Media Reports
The Central Bank of Nigeria (CBN) has affirmed the resilience of the Nigerian banking industry, emphasizing that key financial soundness indicators are well within regulatory thresholds. This...
View Article“Nigeria To Save Five Hundred Billion Naira By Implementing Minimum Energy...
The Director-General of the agency, Dr Ifeanyi Okeke has said that Nigeria will save about 387 megawatts of power which is estimated at about half a billion dollars by implementing Minimum Energy...
View ArticleJumia to close food delivery business this month
Pan-African e-commerce company Jumia has announced that it will end its food delivery service by the end of the year because the business has proved to be unprofitable. The decision affects all of the...
View ArticleNational Bureau Of Statistics Releases Consumer Price Index For November As...
Inflation surged to twenty eight per cent in November from twenty seven per cent in October, underscoring a worsening cost of living crisis in the country. the National Bureau of Statistics In its new...
View ArticleNigeria’s inflation rises to 28.20% in November, says NBS
Inflation surged to twenty eight per cent in November from twenty seven per cent in October, underscoring a worsening cost of living crisis in the country. The National Bureau of Statistics in its new...
View ArticleKwara Governor Emphasizes Youth Inclusion at State Symposium
Kwara State Governor AbdulRahman AbdulRazaq reaffirmed his administration’s dedication to youth inclusion during the Kwara Youths Symposium held in Ilorin on Monday. Stressing the importance of...
View ArticleCourt Freezes Oyo State Government Accounts In 10 Banks Over Three Point Five...
A High Court of the Federal Capital Territory, FCT, Abuja, has issued an order freezing the accounts of the Oyo State Government in ten commercial banks in the country. The order was issued by Justice...
View ArticlePresident Tinubu inaugurates new board, management of NNPCL
President Bola Tinubu has inaugurated the Board and Management team for the Nigerian National Petroleum Company Limited, NNPCL, at the State House, Abuja. It has been reported that Pius Akinyelure is...
View ArticleKWACCIMA President Appreciates Successful Conclusion of 10th Kwara Trade Fair
Chief Mrs. Ronke Adeyemi, the President of the Kwara Chamber of Commerce, Industry, Mines, and Agriculture (KWACCIMA), expressed gratitude to God Almighty for the successful conclusion of the 10th...
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