It is a tale of woes as an acute scarcity of one of Nigerians’ most popular staple foods, bread, has hit Kaduna, Katsina, and Kano States. Checks by the News Agency of Nigeria correspondents...

The naira depreciated at both the official and parallel markets on Monday. At the official, Nigerian Autonomous Foreign Exchange Market, the naira dropped to 1,523.85 per dollar, depreciation from the previous close of 1,509.67...

The Federal Government has announced the suspension of duties, tariffs, and taxes on some essential food items imported through land and sea borders. The Minister of Agriculture and Food Security, Abubakar Kyari, made this...

A multi-national company, Backbone Infrastructure Nigeria Limited, has announced its intention to invest $172bn to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources,...

The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, on Wednesday, faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the...

Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States of American dollars by its regulated entities in Nigeria. The bank threatened to sanction...

The Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday said rising interest rate hikes would hurt local manufacturers. Dangote made the assertion at the opening session of a three-day...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this on Tuesday. Oyedele said the new withholding tax policy has laid to rest the heavy burden of the...

The Presidential Initiative on Compressed Natural Gas (P-CNGI) Programme Director, Michael Oluwagbemi, on Thursday, June 27, announced a 50% conversion cost reduction for transporters. Represented by Tosin Coker during the stakeholders’ event of the...

Ongoing bank recapitalisation will not be business as usual, Central Bank of Nigeria (CBN) said yesterday. He hinted that the conditions will be tough to ensure that all banks that scale the hurdles will...