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...

Nigeria’s three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by The Nation yesterday showed that...

Minister of Works, Senator David Umahi, revealed that President Bola Tinubu has issued a directive for cement companies in the nation to return to their previous pricing. Speaking to journalists in Sokoto on Thursday,...