The National Bureau of Statistics says Nigeria’s inflation rate dropped from 34.8 percent in December 2024 to 24.48 percent in January after rebasing the consumer price index (CPI). In a statement add...
The Central Bank of Nigeria (CBN) has ordered commercial bank directors with non-performing insider related loans, to step down immediately. This was disclosed in a circular titled ‘Compliance with In...
Decades ago, satellite dishes and television antennas dotted rooftops across Nigeria. Today, rows of solar panels are becoming the new sight as Nigerians turn to alternative energy solutions as electr...
The Rural Electrification Agency (REA) has inaugurated a 550kWp solar hybrid mini-grid project in Bakin Ciyawa and Kwande communities, Qua’an Pan Local Government Area of Plateau State to electrify 3,...
Delta Flight 4819 crashed while landing around 2:45 p.m. local time, Federal Aviation Administration officials said in a statement, as powerful gusts of wind and drifting snow were reported in the are...
In an exclusive interview with Forbes on Monday, Dangote opened up about the risks involved in such a massive undertaking. “It was the biggest risk of my life. If this didn’t work, I was dead,” he sai...
Airtel Nigeria, the country’s second-largest telecom operator, has raised the prices of its internet and voice plans by 50% one week after a similar hike by MTN Nigeria. With the new pricing...
Members of the Association of Resident Doctors at University College Hospital in Ibadan have embarked on an indefinite strike, an official said on Monday. The association’s General Secretary, Dr Uthma...
With zero foreign investment in early 2023, to billions pledged by year’s end – what lies behind the country’s dramatic offshore turnaround, and what are the challenges? The languishing oil sector in&...
About 75% of businesses have identified high interest rates as their primary operational constraint in January 2025. This is according to the Central Bank of Nigeria (CBN)’s Business Expectation Surve...