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...

President Bola Tinubu has introduced new policy directives aimed at improving the investment climate and to position Nigeria as the preferred investment destination for the oil & gas sector in Africa. Special Adviser to...

With the multidimensional challenges affecting the manufacturing sector in Nigeria, the Manufacturers Association of Nigeria (MAN) has revealed that 767 manufacturing companies were shut down in 2023. The Association said that 335 manufacturing companies...

Dangote, BUA, Lafarge and other cement major manufacturers agreed to reduce the price of cement after a meeting with the federal government. The meeting initiated by the minister of Works, David Umahi was also...

Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira. Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in...