Business

Federal Government Seeks $10bn to Stabilize Exchange Rate as Naira Tumbles

The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the…

2 years ago

Fuel Transporters Halt Strike as Government Intervenes

The two-day suspension of operations concerning the lifting of petroleum products by the Nigerian Association of Road Transport Owners, NARTO…

2 years ago

Federal Government Seeks $10bn to Stabilise Exchange Rate as Naira Tumbles

The Federal Government through the Central Bank of Nigeria, CBN has again raised the exchange rate for cargo clearance to…

2 years ago

FG Engages Retired Military Officers to Protect Highway Construction Workers

The Federal Government through the Ministry of Works has secured the services of retired military and security personnel to protect…

2 years ago

IBEDC Claims Technical Glitch Threw 14 Ogun Communities Into Darkness

No fewer than 14 communities in Ogun State are currently experiencing power outages, which Ibadan Electricity Distribution Company, IBEDC, has…

2 years ago

Power Minister Laments as Electricity Subsidy Rises to N3tn

The indebtedness of Nigeria’s power sector to electricity generating companies and gas producers has risen to about N3.3tn, the Federal…

2 years ago

Dangote Refinery Set to Export Two Fuel Cargoes

The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned…

2 years ago

FG Plans Sanctions for Non-performing Discos Amid Power Outages

The Federal Government declared on Monday that power distribution companies performing below stipulated standards in the Nigeria Electricity Supply Industry…

2 years ago

IMF Forecasts Record Fall in Nigeria’s Foreign Reserves in 2024

The International Monetary Fund, IMF has said Nigeria’s foreign reserves may see a record fall to $24 billion in 2024.…

2 years ago

FG Eyes 10 Million Jobs With Dry Season Farming

The Federal Government, on Monday, said the 2024 dry season farming would create 5-10 million jobs across the country. It…

2 years ago