News
Naira Strengthens for Third Day in a Row, Closes at N1,596.52/$1
The naira has continued its upward trajectory against the U.S. dollar, closing at N1,596.52/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday....
Business
Electricity Generation Hits Record High 5,105MW
Electricity generation capacity, reaching a three-year peak of 5,105 megawatts (MW) as of July 27, 2024. This significant increase marks a pivotal moment for...
Business
Forex Crisis: MTN Shifts Focus to Naira-Based Contracts
MTN has announced a strategic overhaul of its tower lease agreements with major infrastructure providers IHS and ATC Nigeria, aiming to alleviate financial pressures...
Business
FG To Offer Tax Breaks To Companies That Hire More Workers
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has unveiled a series of proposed fiscal measures during an exclusive...
Business
Activist Claims Dangote’s Wealth Comes at Nigeria’s Expense
In a recent episode of The Honest Bunch podcast, Nigerian activist lawyer Deji Adeyanju made bold allegations against business mogul Aliko Dangote. Adeyanju accused...
Business
Dangote Refinery to Sell Remaining NNPC 12.7% Stake
The Dangote Refinery, one of Africa's largest industrial projects, is poised to divest a 12.7% stake in 2024 to facilitate the servicing of a...
Business
Firm Sues Wike for N200 Million Over Abuja Zoological Garden
A Lagos-based company, Micro Investment Limited, has filed a lawsuit against the Minister of the Federal Capital Territory (FCT), Nyesom Ezenwo Wike, over the...
Business
Naira Appreciates Against Dollar Despite Protests
The Nigerian Naira showed signs of appreciation in the official market on Monday, trading at N1,607.15 to the US dollar, marking a notable gain. This...