Economy

The telecom industry in Nigeria incurred an estimated cost of nearly N27bn ($23m) in 2023 due to cable damages, leading...

Economy

Food Prices Soar Amidst 33.69% Inflation: Imported Goods Hit Hardest, NBS Reports Alarming Increase

The average cost of imported food items in Nigeria increased to a record high of 34% between April 2023 and...

Economy

Some manufacturers allocate a higher budget to security expenses than to taxes —Man DG

According to Segun Ajayi-Kadir, the Director-General of the Manufacturers Association of Nigeria (MAN), the high level of insecurity in the...

Economy

Emefiele Denies EFCC’s Fresh Charges Over Unlawful Naira Printing

Former Governor, of Central Bank of Nigeria (CBN), Godwin Emefiele, facing charges of illegally printing Naira Notes during his time...

Economy

CNG Vehicle Owners Rejoice as Marketers Activating Gas Pumps: Alternative Fuel Options Expand Amidst Increasing Demand

The Federal Government has finalized arrangements to ensure that fuel marketers install Compressed Natural Gas (CNG) Pumps at filling stations...

Economy

Naira Drops to NGN 1,520 Against Dollar as EFCC Cracks Down on Currency Speculators

Economic and Financial Crimes Commission officials have broadened their crackdown on Bureau De Change operators, apprehending traders in Abuja, Lagos,...

Economy

PoS Operators Gear Up for Legal Battle Against CAC’s Registration Order

The National President of the Association of Mobile Money and Bank Agents in Nigeria announced that point-of-sale operators are planning...

Economy

Elumelu Foundation Champions 700 Health Innovators Across Africa

The Chairman of the United Bank for Africa Group and Founder of The Tony Elumelu Foundation, Tony Elumelu, emphasized the...

Economy

Nigerian Shareholders In Limbo As MTN Pays Dividend

MTN Group Limited, a major telecom company in South Africa, distributed a dividend on April 22, 2024, paying ZAR3.30 per...

Economy

Public Outcry Over Newly Introduced Taxes While FG Offers Incentives to Attract Investors