Headline Stories PHOTO STORY: Passengers stranded at Abuja airport as aviation unions withdraw services June 3, 2024
News Reports Flour Mills’ annual profit plunges amid N138 billion FX loss by Ronald Adamolekun June 3, 2024 The food and agro-allied corporation incurred N137.5 billion in foreign exchange loss compared to N31.5 billion a year earlier after... Read more
Headline Stories CBN revokes licence of Heritage Bank by Agency Report June 3, 2024 The CBN said it took the action to strengthen public confidence in Nigeria's banking system. Read more
Headline Stories Blackout across Nigeria as striking workers shut down national grid – TCN by Mary Izuaka June 3, 2024 The TCN said the national grid shutdown occurred at about 2.19 a.m., 3rd June Read more
News Reports 98% of airlines’ trapped funds in Nigeria cleared — IATA by Abdulkareem Mojeed June 3, 2024 The IATA says the main driver of the reduction in funds repatriation recorded so far was due to a significant... Read more
Headline Stories Banks, hospitals, electricity, others may be shut as Labour begins nationwide strike by Ayodeji Adegboyega June 3, 2024 On Sunday, a meeting between representatives of the federal government, leadership of the National Assembly and officials of the Nigeria... Read more
News Reports Nationwide Strike: Nigerian govt insists on N60,000 minimum wage by Olawunmi Ojo June 1, 2024 “Though the FG is desirous of ample remuneration for workers, President Tinubu will not encourage any action that could lead... Read more
Headline Stories Electricity Tariff: AEDC threatens to disconnect Nigeria’s Defence HQ, FCDA, others by Mary Izuaka June 1, 2024 “We therefore urge all customers with debts to pay all outstanding bills before the deadline to avoid service interruption,” it... Read more
Headline Stories Strike: Blackout, fuel scarcity, transport disruptions imminent as unions mobilise for total compliance by Olawunmi Ojo June 1, 2024 Circulars issued by affiliate unions on Saturday, directed members across the nation to ensure full compliance with the NLC and... Read more
More News FG set to begin oil exploration in Ogun State – Lokpobiri by Azeez Adesanya June 1, 2024 “Ogun State has always been part of the Dahomey Basin and our presence underscores the seriousness the federal government attaches... Read more
News Reports Oando announces N74.7BN profit-after-tax for 2023, records 71% increase in turnover by Premium Times June 1, 2024 In its trading operations, Oando had a marked improvement; recording a 50 per cent increase in traded crude oil volumes. Read more
News Reports Minimum Wage: Private sector disturbed by labour’s hardline, call for industrial action by Olawunmi Ojo June 1, 2024 “The demand by Labour at this time has the potential to cripple Small and Medium Enterprises (SMEs) and push many... Read more
Headline Stories Why we’re embarking on indefinite strike – Organised Labour by Olawunmi Ojo May 31, 2024 “Nigerian workers, who are the backbone of our nation's economy, deserve fair and decent wages that reflect the current economic... Read more
More News Ekiti directs BEDC to end estimated billing, provide meters to residents by Ayodele Joseph May 30, 2024 Mr Aluko said the essence of the meeting was to address and put an end to estimated billing practices while... Read more
Headline Stories EXCLUSIVE: Otedola battles Zenith Bank over alleged “fraudulent transactions” on companies’ account by Ronald Adamolekun May 30, 2024 Mr Otedola triggers legal battle and police action after accusing Bank of unauthorised withdrawals of billions of naira from his... Read more
More News Nigeria’s growth rate to increase in 2025 – AfDB by Agency Report May 30, 2024 ”Growth is projected to pick up in West Africa, rising from an estimated 3.6 per cent in 2023..." Read more
Analysis and Data Cost of healthy diet in Nigeria up N1,035 in April – NBS by Mary Izuaka May 29, 2024 The NBS said this is 5.4 per cent higher than the amount recorded in the previous month. Read more
Headline Stories Why prices of tomatoes skyrocketed across Nigerian markets by Mary Izuaka May 28, 2024 Mr Danladi revealed that Tuta absoluta reappeared in Kano, Katsina, Kaduna and Jigawa states in February. Read more
News Reports Crayfish, garri prices soar as hardship bites harder in Akwa Ibom by Saviour Imukudo May 27, 2024 Crayfish which sold for N4,500 for five-litre containers in the third week of April, now sells for N10,000 for the... Read more
News Reports Elon Musk’s xAI raises $6 billion in Series B funding by Mary Izuaka May 27, 2024 With the new funding, the startup said it is hiring for numerous roles and seeks talented individuals ready to join... Read more
News Reports UBA confident of meeting capital requirement – Elumelu by Ayodeji Adegboyega May 27, 2024 CBN had mandated all commercial, merchant, and non-interest banks, as well as promoters of proposed banks, to increase their capital... Read more
News Reports NNPC, Schlumberger sign agreement to boost upstream operations by Mary Izuaka May 24, 2024 NNPC Ltd says the agreement with Schlumberger is part of strategic reforms aimed at unlocking opportunities in the nation’s oil... Read more
News Reports CBN directs all BDCs to reapply for licenses by Ayodeji Adegboyega May 23, 2024 It also directed that BDCs meet the minimum capital requirements for the license category applied for within six months from... Read more
News Reports Tinubu inaugurates N8bn substation, Ondo communities reconnected to grid after 14 years by Olawunmi Ojo May 22, 2024 With the completion of the substation, communities in the Okitipupa, Ilaje, Irele, Odigbo, and Ese-Odo Local Government Areas in Ondo... Read more
Business Nigerians bemoan exorbitant cost of living as inflation reaches record high by Hamzat Ibrahim Abaga May 22, 2024 Rising prices have taken many essential items, including food and housing, beyond the reach of millions of citizens across Nigeria,... Read more
Headline Stories CBN raises benchmark interest rate by Ayodeji Adegboyega May 21, 2024 The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the... Read more