Naira’s depreciation against dollar continues at FX market
by The naira depreciated slightly against the dollar at the official foreign exchange market after the Eid el-Kabir holiday. FMDQ data showed that the naira weakened …
Category: Business
Nigeria’s Customs revenue surges by 74% to hit N4.49tn in 12 months – CGC Adeniyi
The Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, has said the agency’s revenue rose by 74 per cent to N4.49 trillion in the last year. …
Nigerian Govt offers 17 new oil blocks for bidding
The Nigerian Federal Government has announced 17 additional deep offshore oil blocks for the 2024 Licensing Round for oil fields in the country. The Chief …
TCN commissions new 300mva power transformer in Benin to boost electricity supply
The Transmission Company Nigeria, TCN, has successfully commissioned a new 300 megavolt-amperes, 330/132/33 kilowatt-hour power transformer in its Benin Transmission Substation. The Manager of Public …
Aviation safety: Nigeria’s domestic runway in Murtala Muhammed Airport waterlogged – Sanusi
Captain Ado Sanusi, the Managing Director of Aero Contractors Company of Nigeria Limited, has revealed that the Murtala Muhammed Airport 18L/36R runway for domestic operations …
Tourism: FG targets $100bn contribution to GDP by 2030
The Federal Government has said arts, culture and the creative economy will increase the country’s gross domestic product by over $100 billion by 2030. The …
Naira appreciates against dollar at black market amid Sallah holiday
The Naira appreciated marginally to N1480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays. …
Nigeria must tackle banditry, terrorism to reduce food price hike – Tinubu
President Bola Ahmed Tinubu has said that Nigeria must find a way to tackle banditry, terrorism and bad roads to address food price hikes. Ajuri …
MultiChoice reveals stance on cost of subscription
MultiChoice, the parent company of DStv and GOtv pay television in Nigeria has denied slashing its subscription fees in Nigeria amid a recent drop in …
AEDC confirms power outage in Abuja
Abuja Electricity Distribution Company has confirmed that parts of Abuja are currently experiencing power outages. AEDC disclosed this in a notice to customers through its …