Business - Page 248

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

In the bustling landscape of the Nigerian Stock Exchange (NGX), two foreign telecom giants, Airtel and MTN, have become towering figures, casting a shadow over the nation’s economic sovereignty. The undeniable fact

Emmanuel Ochayi

February 10, 2024

Business·News

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. This move underscores a shift in energy policy, prioritizing the needs of host communities. “Tinubu’s commitment to equitable development

Emmanuel Ochayi

February 9, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

In a move to address economic challenges, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the cessation of Ways and Means advances to the Federal Government until

Emmanuel Ochayi

February 9, 2024

Business·FEATURES·Transport

How Nigeria Can Curb High Airfares On International Routes

As travellers in Nigeria continue to groan over the high cost of airfares for international travel, it has been said that the absence of Nigerian airlines operating in the market is also

Victor Ezeja

February 9, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as

Emmanuel Ochayi

February 9, 2024

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Business·Markets·News

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

Nigeria’s equity market took a hit on Thursday as investors shifted their attention towards Treasury Bills, resulting in a loss of approximately N481 billion at the close of trading. The primary market

Emmanuel Ochayi

February 9, 2024

Business·News

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

The Central Bank of Nigeria (CBN) has established a dedicated department to manage crude oil sales transactions previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Mele Kyari, the Group Chief

Emmanuel Ochayi

February 9, 2024

Business·News

Why Borno, Adamawa, Kaduna, Others Risk Severe Food Crisis – World Bank

The specter of a severe food crisis looms over parts of Nigeria, with the World Bank shedding light on the underlying factors fueling this imminent threat. In its latest Food Security report,

Emmanuel Ochayi

February 9, 2024

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·Business

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

As the costs of items and other things continue to rise in Nigeria, the Federal Government has been advised to take concrete actions to address to and save the citizens from excruciating

Victor Ezeja

February 8, 2024

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Business·News

NLC, TUC Issue 14-Day Ultimatum To Federal Govt, Threaten Nationwide Strike

In a move aimed at compelling the Federal Government to address the longstanding grievances of Nigerian workers, the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have jointly

Emmanuel Ochayi

February 8, 2024

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Business - Page 248

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

How Nigeria Can Curb High Airfares On International Routes

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

Why Borno, Adamawa, Kaduna, Others Risk Severe Food Crisis – World Bank

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

NLC, TUC Issue 14-Day Ultimatum To Federal Govt, Threaten Nationwide Strike

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