Nigeria’s Power Crisis: Most Plants Operate at 37% Capacity, Minister Vows Increase to 6000MW
Most power plants in Nigeria are operating well below their full capacity, contributing to the country’s ongoing struggle with unreliable […]
African Business News
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Nigerian Banks Face Job Losses Amid 2024 Recapitalization Panic
Nigerian Banks Face Uncertainty as CBN Raises Minimum Capital Requirements In a move that has sent shockwaves through the Nigerian
ARCON Law Controversy: Advertisers Clash Over New Regulations
The Advertising Regulatory Council of Nigeria (ARCON) has recently implemented new regulations that have sparked controversy within the advertising and
We are working on Abuja-London, Houston, New York routes — Air Peace CEO
April 1, 2024 Air Peace Airlines’ Chief Executive Officer (CEO) Allen Onyema has announced the airline is prepared to start
Fuel Subsidy Removal, Not Money Supply Surge, Drives Nigeria’s Soaring Inflation
A recent study has revealed that the removal of fuel subsidies, rather than the increase in money supply, is the
Nigerian Railway Corporation Revenue Surges to N6.07 Billion in 2023
The Nigerian Railway Corporation (NRC) had a successful year in 2023, generating a total revenue of N6,071 billion from various
CBN’s Recapitalisation Move: Ensuring Stability & Growth in Nigerian Banks
The recent decision by the Central Bank of Nigeria to recapitalize banks has received support from the Centre for the
Cement prices: Block moulders call for lower import duties
April 1, 2024 The National Association of Block moulders of Nigeria (NABMON) has urged the Federal Government to reduce import duties on
NIMC’s licensees undergo more scrutiny for alleged data breach
April 1, 2024 It would no longer be business as usual with licensees of National Identity Management Commission (NIMC) expected
Ekiti Cargo Airport Project: Group Seeks Mandamus Order for Financial Records
The Ekiti Patriotic Consultative Forum, a socio-political pressure group, has taken legal action against the State Government in a bid
Nasarawa State Governor Abdullahi Sule Focuses on Agriculture and Mining Development
Governor Abdullahi Sule of Nasarawa State is on a mission to transform the state’s economy by focusing on agriculture and
Elon Musk joins Disney as Chief Diversity Officer
April 1, 2024 In a surprising announcement on Monday, billionaire entrepreneur Elon Musk took to his X handle to declare