Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, has emphasized that concessioning Nigeria’s major roads could play a crucial role in reducing inflation, enhancing productivity, and stabilizing the …
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
Policymakers are calling for sweeping tax reforms aimed at removing regulatory bottlenecks that have long stifled business expansion. The push for reform comes as industry players warn that cumbersome tax …
Concerns have continued to mount over the negative impact of operations in Nigeria’s Free Trade Zones (FTZs) on local businesses and manufacturers, as industry stakeholders decry what they describe as …
Baobab Microfinance Bank has reaffirmed its commitment to empowering small and medium-sized enterprises (SMEs) and micro-entrepreneurs across Nigeria by disbursing loans worth over N323bn to more than 407,000 customers. This …
A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …
Nigeria faces a staggering economic setback following a pipeline explosion in Rivers State, potentially leading to losses exceeding $35.3 million daily. The incident, which significantly hampers oil exports from the …
A pipeline explosion in Rivers State early tuesday has disrupted Nigeria’s oil exports, creating serious concerns for the economy. The damaged infrastructure connects onshore production sites to key export terminals. …