The Ogun State Government has commenced the disbursement of N500m soft loans to artisans and traders across the state. The state Governor, Dapo Abiodun, who had announced the scheme earlier, said the soft loan, tagged “Oko’wo Irinse Dapo,” would be…
The European Commission announced plans Tuesday to impose an extra nine-percent tariff on Tesla’s China-made electric cars, much lower than what Chinese firms face unless Beijing compromises in a trade row. Brussels last month slapped EVs imported from China with…
Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months, the Central Bank of Nigeria has stated. According to the Business Expectations report released by the apex bank…
Nigerians have expressed anger over the recent trip of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to Saudi Arabia for religious activities amid severe fuel scarcity across the country. Kyari, who shared images…
The Nigerian stock market recorded a total domestic transaction value of N2.5tn for the first half of the year. According to the latest report from the Nigerian Exchange Limited on Tuesday, the data highlights the increasing dominance of local investors…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has assured Cross River State Governor, Bassey Otu, that he would not allow bureaucracies to slow down the actualisation of the Bakassi Deep Seaport project. In a post via his X…
The Federal Government is planning to invest $100bn annually to tackle the economic challenges in Nigeria, the Minister of Budget and Economic Planning, Atiku Bagudu, declared on Wednesday. Bagudu also said the recent nationwide protest against the bad governance in…
The Federal Government has said that investors seeking to invest in its latest financial instrument must disclose specific identification requirements to participate in the exercise. It disclosed this in a Frequently Asked Questions document provided by the Debt Management Office…
The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt it incurred in the first three months of the year. Described as a special customer, the Nigerian Electricity…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has expressed concern over the country’s airport infrastructure, saying a successful aviation business is not possible without viable airports. He further emphasised that airport viability is not just a priority but…
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