Nigeria’s Transport Inflation Sees Surprise Decline Amidst Economic Turbulence
In a twist of economic developments, the National Bureau of Statistics (NBS) reported an unexpected decline in Nigeria's transport inflation,...
IMF Approves $178 Million Loan: A Blueprint for African Economic Challenges
The International Monetary Fund (IMF) has given the green light for a $178 million loan to Malawi, a move aimed...
FG Withdraws $1.1bn Civil Claims Against Eni, Ending Long-standing Legal Battle
In a significant development, the Federal Government of Nigeria has finalized its decision to withdraw civil claims amounting to $1.1...
FG Obtain $300 Million World Bank Palliative Loan
In a significant development, the World Bank has initiated the payment process for the $800 million approved for Nigeria's National...
FG Exposes N190 Billion Owed by CBN and NBET For Electricity Distribution
In a recent revelation, the Niger Delta Power Holding Company (NDPHC), a federal government-owned power firm, disclosed that the Central...
FG, Lagos State Government Launch N21.074 Billion Rehabilitation of Third Mainland Bridge
The Federal Ministry of Works, in collaboration with the Lagos State government, officially flagged off the rehabilitation project for the...
Securitizing NLNG’s $7 Billion Dividend: A Chance or a Challenge for Nigeria?
The Bola Ahmed Tinubu-led federal government is exploring a novel approach to bolster the value of the naira, leveraging dividends...
Foreign Airlines Struggle as $783 Million in Trapped Funds Remain Unpaid
Foreign airlines operating in Nigeria have revealed that approximately 90% of their $783 million in trapped funds have yet to...
Oil Price Hit $86 as Saudi Arabia and Russia Extend Supply Cuts
Global oil prices saw a notable rebound on Monday as top oil exporters Saudi Arabia and Russia reiterated their commitment...
Honeywell Flour Mills Reports ₦8.64 Billion in Forex Losses Due to Exchange Rate Fluctuations
Honeywell Flour Mills Plc, a prominent flour milling company in Nigeria, has faced substantial foreign exchange losses amounting to ₦8.64...
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