Industry

…experts say unfolding issues expose gaps in govt’s budgeting process There are strong signals that the National Assembly will substantially raise the N49.7trn budgetary spending proposed by President Tinubu for 2025 as Ministries,…
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The federal government through the Federation Account Allocation Committee (FAAC) has released N860.252 billion to state governments for January, with the local governments expected to get N361.754 billion of the allocated sumThe…
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According to TheCable, the Value Added Tax (VAT) generated across Nigerian states in 2024 reveals significant disparities, with Lagos leading the pack. The commercial hub generated a staggering N2.75 trillion, far surpassing other…
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...But supply challenges persist The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said Nigeria is gradually becoming a refining hub in West Africa but complained that already established refineries face supply…
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Federal High Court, Abuja is currently hosting the trial of former Minister of Power, Saleh Mamman, and crucial testimony has been given by bureau de change operator Abdullahi Suleman. Money laundering charges amounting to N33.8…
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The second coming of Donald Trump as the 47th President of the United States of America might throw a big blow on the naira, an economic expert, Ugodre Obi-Chukwu said. Obi-Chukwu said Trump’s assumption into office could strengthen…
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MOJEC International Limited, has reaffirmed its position as the largest smart meter manufacturer in sub-Saharan Africa with groundbreaking achievements in 2024. In its unwavering commitment to advancing energy access and efficiency,…
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Nigeria’s total public debt has risen to N142.3 trillion as of September 30, 2024.This represents an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024.The rise is attributed to the combined effects of…
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Geometric Power’s Independent Power Project, IPP, Aba. Electricity supply to the Aba Ringfence covering nine of the 17 local government areas (LGAs) in Abia State declined by 40% at the weekend following an attack on the oil pipelines…
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Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has assured Nigerians that hardship will soon be forgotten in the country. He added that the ongoing economic reforms by President Bola Tinubu’s…
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