Industry

Business owners and households expect the level of inflation to taper, over the next three months, the Central Bank of Nigeria (CBN) Inflation Expectation report shows. According to the report, 50 per cent of business respondents…
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Social media users have taken to their official X account to react after All Progressive Congress, APC chieftain and former governor of Kaduna state, Mallam Nasir El-Rufai shared a report stating that in 2023, Nigeria's GDP was…
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Reps Urge CBN To Address Cash Crunch The House of Representatives Tuesday expressed concern over the ongoing cash crunch in commercial banks across the country, calling on the Central Bank of Nigeria (CBN) to address the situation…
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It attributed the potential price increase to galloping inflation, rising exchange rate and high operational cost Aba Power Limited Electric, APLE, says plans are underway to increase electricity tariffs in its franchise area by…
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By William Emmanuel Ukpoju In a move aimed at ensuring a seamless transition in the administration of Nigeria's treasury, President Bola Ahmed Tinubu has appointed Mr. Shamseldeen Babatunde Ogunjimi as the Acting Accountant…
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... Reiterates Commitment to Communities in Supply Chain A group photograph of the workshop attendees at the venue The Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Port Harcourt challenged practising…
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Nigerian content development is critical for the growth and development of the nation as it progresses in its quest to acquire oil and gas technology and build indigenous capacity in the oil and gas industry. Chairman and Managing…
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Despite increased activities in Nigeria’s refining sector, including operations at the Dangote Refinery and the rehabilitation of the Port Harcourt Refinery, the nation imported ₦9.18 trillion worth of petrol (Premium Motor Spirit)…
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... Over Subsidies, Excessive Spending The World Bank Group has advised Nigeria and other African countries to shift their focus away from subsidies and excessive spending, and instead strengthen social safety nets to curb the…
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Zacch Adedeji The National Bureau of Statistics (NBS) on Monday said that a total of N4.77tn was realized from Value Added Tax (VAT) on local, foreign, and imported goods and services within the first nine months of this year. The…
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