The  naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as...

The naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,590 per dollar on Monday. Similarly, the naira yesterday appreciated N1,560.57 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data...

The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former President Muhammadu Buhari-led administration says it has uncovered some...

The House of Representatives has urged the Federal Government to ban and criminalise the importation of Adire/Kampala and other locally produced fabric imitations into the country. The house said the move became necessary to...

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as...

Nigerians are lamenting the consequences of epileptic power supply that has characterized the Nigeria Electricity Supply Industry (NESI) in recent times. Nigeria’s electricity generation, which was around 4,000 Megawatt (MW) in the past 10...

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to...

The service disruption caused by Thursday’s cuts to the undersea cable supplying broadband Internet connectivity to Nigeria and countries in the West African sub-region, on Friday, forced many banks and other financial institutions, as...

Major companies in Nigeria spent about N635.2 billion on power generation and utilization in 2023 amidst rising energy costs and its attendant impact on businesses. This represents a 41.5 per cent Year-on-Year (YoY) increase...

The Federal Government, on Friday, inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund, which has the target of attracting $575bn investments in the Nigerian gas sector. Late last year, President...