MTN Nigeria Reports $519 Billion Loss Amid Record-High Inflation and Naira Weakness
MTN Nigeria Reports $519.1 Billion Loss Due to Record-High Inflation and Weaker Naira MTN Nigeria Communications Plc has announced a […]
African Business News
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African Business News
Lagos State Aims to Generate N5 Trillion IGR from Digital Ecosystem and Remote Workers
Lagos State Aims to Boost Revenue with Digital Ecosystem In a bold move to increase its internal revenue, the Lagos
Federal Government Spends N633.30bn on Electricity Subsidy in Q1 2024 as DisCos Struggle With Revenue Collection
New figures reveal that the Nigerian federal government paid out a staggering sum of ₦633.30bn in electricity subsidies during the
NNPC Targets 2 Million Barrels Per Day Production by Year-End
NNPC Targets Two Million Barrels of Crude Oil Production by End of Year The Nigerian National Petroleum Company Limited (NNPC)
Senate Probes N4.2 Billion Allocation to Ajaokuta Steel Company Despite Lack of Verifiable Workers
Senate Probes Alleged Corruption at Ajaokuta Steel Company The Nigerian Senate has raised concerns over the unverifiable number of workers
Nigerian Aviation Authorities Ground Arik Airplanes Over $2.5M Debt
Nigerian Aviation Authorities Ground Arik Air Aircraft Over $2.5 Million Debt In a move to enforce a court order, the
Dangote Refinery to Benefit from Crude Oil Sales in Naira, Prices to Crash
Breaking News: President Tinubu’s Approval to Sell Crude in Naira to Boost Local Industries In a landmark announcement, President Bola
Nigeria Customs Suspends Import Duties on Essential Food Items to Combat Inflation
Nigeria Introduces Relief Measures to Combat Rising Food Costs In a bid to reduce food prices and combat the impact
NAMA Suspends Planned 800% Increase in Navigational Charges Amid Economic Challenges
Nigeria Suspends 800% Increase in Airspace Charges Amid Economic Concerns The Nigerian Airspace Management Agency (NAMA) has put the brakes
World Bank Approves $500m Loan for Nigeria’s Dam Safety and Water Management Improvement
World Bank Approves $500m Loan to Improve Dam Safety and Water Resource Management in Nigeria The Federal Government of Nigeria
Nigeria Reduces Rice Prices, 50kg Bag Now N40,000 With 20 Trucks Released
Nigeria’s Rice Price Slashed by 50% Amid Food Inflation Rise In a bid to ease the rising cost of living
African Business News
Nigeria’s CBN Clarifies Dormant Account Rules: Inactive Accounts Over 10 Years Designated
Central Bank of Nigeria Clarifies Dormant Account Policy The Central Bank of Nigeria has provided clarification on its recently released