Business
More Nigerians embrace rail transport as revenue jumps by 53% To ₦1.69bn Q2— NBS
An increasing number of Nigerians are adopting the rail transportation system, with revenue reaching ₦1.69 billion in the second quarter of 2024. This marks...
Business
Tinubu pledges strong financial system as Coca-Cola announces $1bn investment In Nigeria
President Bola Tinubu has reaffirmed his administration's dedication to establishing a strong financial system and fostering a business-friendly environment aimed at attracting increased foreign...
Business
US federal reserve makes aggressive rate cut
The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction for more than four years, sharply...
Business
FG announces take off of $550m Ubeta gas project
Presidency announced on Tuesday that the $550 million upstream gas project, a collaboration between NNPC Ltd. and TotalEnergies for the development of the Ubeta...
Business
FG, states, LGs shared N1.2tn in August – FAAC
The Federal Accounts Allocation Committee (FAAC) has reported that it allocated N1.2 trillion in revenue earned during August 2024 to the Federal Government, states,...
Business
Over 65m Phone Lines Risk Disconnection Over NIN-SIM Linkage
ABOUT 65 million phone lines are at risk of disconnection after telecom operators refused to grant subscribers an extension to the National Identification Number...
Business
Fuel subsidy removal poses risk to external reserve growth – CBN
The Central Bank of Nigeria (CBN) has indicated that the removal of fuel subsidies, reduced import bills, and rising external debt servicing obligations may...
Business
FG begins distribution of 1,000 CNG conversation kits to states
The Presidential Initiative for Compressed Natural Gas (CNG) has begun distributing 1,000 conversion kits in various states across the country to mitigate the effects...