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BusinessNews
House of Reps Orders Reversal of Electricity Tariff Hike Ahead of Nationwide Protest
The House of Representatives has directed the Nigerian Electricity Regulatory Commission (NERC) and Electricity Distribution Companies (DISCOs) to revert to the old electricity...
FinanceNews
Ethiopia’s Currency Devalues By 30% As Central Bank Floats It to Secure IMF Loan
On Monday, Ethiopia’s central bank floated the birr, leading to a 30 per cent devaluation against the US dollar. The currency now stands...
BusinessNews
TotalEnergies Exits Two South African Gas Fields
TotalEnergies has announced its withdrawal from two offshore gas fields in South Africa due to economic challenges. Block 11B/12B and Block 5/6/7 are...
BusinessNews
Nigerians Call Out Telcos For ‘Sabotaging Planned Protest By Restricting Internet Access, Using NIN As Excuse’
Nigerians have accused telecommunication companies of disconnecting subscribers to frustrate the #EndBadGovernance protest against economic hardship in Nigeria. The planned protest, which is...
EditorialFinanceNews
Alert: FG To Borrow $500M In Foreign Currency Bonds From Nigerians Abroad, Debt Crisis May Worsen
The Nigerian government has announced plans to issue $500 million in domestic foreign currency-denominated bonds within three to four weeks. Wale Edun, the...
News
As Protests Brew, NNPC Advertises Job Offers, Portal Crashes Amid High Demand
The Nigerian National Petroleum Company Limited (NNPC) has announced a significant recruitment exercise for various department positions. However, the company’s job application portal...
BusinessNews
H1 2024: Nigeria’s Vehicle Imports Drops By 60% Due To Naira Volatility, High Customs Duties
The importation of vehicles into Nigeria dropped by 60 per cent in the first half of 2024, primarily due to high exchange rates...
BusinessNews
H1 2024: Dangote Cement Reports 85% Pre-tax Profit, Struggles With +118% YoY Increase In Production Costs
Dangote Cement Plc has announced a pre-tax profit of N292.9 billion for the first half of 2024. This marks a 22 per cent...
BusinessNews
Italian Eni To Sell Its Subsidiary, Agip Oil, To Wale Tinubu’s Oando
Italian oil giant Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its subsidiary, Nigerian Agip Oil...
News
As #EndBadGovernance Protests Draw Closer, Oyo Governor To Begin One Month Vacation From Aug. 5
Oyo State Governor Seyi Makinde has written to the state House of Assembly to inform them of his intention to embark on his...
News
Just In: FCT Minister Wike Hurriedly Fixes Traditional Celebration on August 1, Says No Protests In Abuja
Federal Capital Territory (FCT) Minister Nyesom Wike has declared that Abuja will not be available for protesters on August 1. Instead, the minister...
FinanceFood
Jollof Price Surge: Nigeria’s Cost Soars 19.6%, Ghana Sees Relief
According to a report by SBM Intelligence on Thursday, Nigeria’s food inflation is alarming as the cost of making traditional dishes like jollof...