More misery for Nigerians as food inflation rises 40.66%
by Economic hardship in Nigeria has worsened as the country’s food inflation increased to 40.66 percent in May 2024 from 24.82 percent as recorded in the …
Category: Business
Nigeria’s inflation rises to 33.95% in May
Nigeria’s headline inflation rose for the 17th time to 33.95 per cent in May 2024 from 33.69 per cent in April. The National Bureau of …
abuja / Business / Galadimawa / Lugbe / tcn
TCN restores power supply to Lugbe, Galadimawa, other parts of Abuja
The Transmission Company of Nigeria, TCN, has announced that it has restored bulk power supply to its 60 megavolt-amperes transformer at Kukwaba 132/33-kilovolt transmission submission …
Fidelity Bank promotes 11% of staff after record financial performance
Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees. The move …
Business / dollar / Eid El-Kabir / naira
Naira crashes further against dollar ahead of Eid el-Kabir
The naira depreciated further against the dollar at the foreign exchange market on Friday ahead of the Eid el-Kabir holidays. FMDQ data showed that the …
AEDC / Business / Eid El-Kabir / nasarawa
Eid el-Kabir: AEDC announces blackout in Nasarawa
The Abuja Electricity Distribution Company, AEDC, has announced that parts of Nasarawa State will be without power supply on Saturday ahead of the Eid el-Kabir …
Sallah: Ram sellers count their losses in Kaduna
Ram sellers in Kaduna State have decried the very low patronage ahead of the Sallah festivities. Most of the ram sellers in Kaduna, interviewed by …
World Bank approves $2.25bn loan as Nigeria’s debt profile rises
The World Bank has approved a $2.25 billion loan facility for Nigeria to back President Bola Ahmed Tinubu’s economic reforms despite the rising debt profile …
Business / food price hike / loan / Nigeria / World Bank
Nigeria seeks $500m World Bank loan to fix rural roads, food price hike
The Nigerian federal government is seeking a $500 million loan from the World Bank to fix rural roads, improve access to agricultural products nationwide, and …