Economy
Telcos Turn to Renewable Energy as Monthly Power Costs…
Telecommunication companies are increasingly turning to renewable energy sources as the soaring cost…
Flour Mills Set to Acquire Minority Shareholders…
Flour Mills of Nigeria Plc (FMN) has announced plans to buy out its minority shareholders after…
Unemployment Surges Amid Multinational Exits, Factory…
Nigeria’s unemployment rate rose to 5.3 percent in the first quarter (Q1) of 2024 from 4.1 percent…
Nigerians Struggle as Cooking Gas Prices Soar by 70%
A 70 percent surge in the price of cooking gas has aroused feelings of discontent and despondency in…
Unmetered Customers Reach 7.3 Million as Discos Install…
Despite efforts by stakeholders in the Nigerian Power Sector, metering by distribution companies…
Companies Face Losses Due to $2.4bn FX Forward Delays
Firms have incurred N1.5 trillion in losses in the last six months as the Central Bank of Nigeria…
Nigeria's External Reserves Reach 22-Month High of…
Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a…
Cooking Gas Prices Surge by 69% in August 2024
The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas)…
External Reserves Reach 22-Month High Despite Ongoing…
Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a…
Public Debt on the Rise: Nigeria Eyes $1.7bn World Bank…
Nigeria’s public debt is set to rise as the World Bank readies a $1.7 billion loan for…
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