FG secures $134m AfDB loan to boost Agriculture
The Federal Government has secured a $134 million loan from the African Development Bank (AfDB) to enhance agricultural production, with a focus on the seeds and…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
BREAKING: Gov Okpebholo freezes all state-owned bank accounts
The Edo State Governor, Monday Okpebholo, has ordered the immediate freezing of all state-owned accounts in commercial banks until further notice. LEADING REPORTERS gathered that the…
Gov Okpebholo suspends revenue collection in Edo
In less than 24 hours after his inauguration, Edo State Governor, Monday Okpebholo, has ordered for the immediate and indefinite suspension of collection of all revenues…
FG Targets $10 Billion Power Investment with Private Sector Collaboration
The Nigerian government has announced plans to partner with the private sector to address the $10 billion funding gap required to overhaul the country’s power sector…
Property Tax, Key For Nigeria’s Economic Stability – IMF
The International Monetary Fund (IMF) has highlighted property tax as a critical but underutilized revenue source for Nigeria and other low-income countries in their pursuit of…
MultiChoice Nigeria loses 243,000 subscribers as economic pressure bites harder
MultiChoice Nigeria’s subscriber base has shrunk by 243,000 amid the tough economic conditions in the country. This was disclosed in the company’s interim financial report released…
Every Nigerian Now Owes About N620,000 – DMO
The debt management office (DMO) has stated that every Nigerian currently owes the sum of N620,000 adding that Nigeria’s public debt stood at N134.297 trillion as…
BREAKING: IPMAN, Dangote Agree To Lift PMS, AGO, DPK Directly
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. IPMAN National President, Abubakar Garima, announced this…
Petrol landing cost drops in Nigeria
Nigeria’s landing cost of Premium Motor Spirit (Petrol) dropped to N971 per litre in November 2024. This is according to the latest data released by the…
Despite Hardship FG spent N5bn to renovate Vice President’s residence in Lagos
Despite widespread economic hardship and soaring inflation across the country, the Federal Government has allocated N5bn towards the renovation of the vice president’s official residence in…