Rising foreign direct investment (FDI) inflow and fast-growing gross domestic product (GDP) are indicators that the Nigerian economy is regaining its lost grounds faster than anticipated by analysts. ...
The DisCos — Ikeja and Eko electricity distribution companies (IKEDC and EKDC) — spoke in separate statements on Monday. Load shedding is a controlled, temporary interruption of electricity supply to ...
Starlink, the satellite internet service operated by SpaceX, has become Nigeria’s second-largest internet service provider (ISP), overtaking FiberOne Broadband Limited in Q4 2024, according to data fr...
The decision, which took immediate effect, has sparked discussions about its implications for Nigeria’s energy sector and the broader economy. The naira-for-crude arrangement, introduced on October 1 ...
Aminu Gwadabe, president of the Association of Bureaux De Change Operators of Nigeria (ABCON), said BDCs are grappling with limited availability of forex, unfavorable offer rates, fewer participating ...
Also, the government is reviewing business permits and border control at the air, seaports, as well as land borders. The move is to streamline the business environment to make it more conducive for fo...
In a statement, the NCDC relayed that it was notified of the case on March 5, by the Ondo state ministry of health. The agency said the physician, who was being managed at a private health facility in...
The partnership, signed last month, will enable the bank to provide the club with financial backing, “empowering it to continue its rise in domestic and international football”. Kafilat Araoye, the ma...
MTN Nigeria Communications Plc and Airtel Africa have aggressively cut their foreign debt, repaying $1.2 billion in 2024 to ease foreign exchange burden as they chart a path back to profitability. Fol...
The latest data from the foreign trade statistics report of the National Bureau of Statistics showed that the cost of petrol imports rose by 105.3 per cent to N15.42tn in 2024 from the N7.51tn recorde...
