Manufacturers’ Pain Worsens on Impasse With Foreign Suppliers
As the economy shrinks further, Foreign suppliers’ rejection of letters of credit (LCs) amid unsettled foreign exchange obligations has worsened the economic woes facing manufacturers in Nigeria. You may have…
FG to Shutdown Third Mainland Bridge for Repairs.
The Federal Government disclosed today, that the Third Mainland Bridge in Lagos would be closed from midnight on Saturday, October 21, to midnight on Sunday, October 22, to conduct repairs.…
FG, CBN to Fund Four Million Meters.
The Federal Government in collaboration with the Central Bank of Nigeria, has said it would finance production of four million prepaid meters locally. According to the document, ‘2022 Market Competition…
Buying Pressure in Banking Stocks Drives Equity Market Up by N16billion Naira.
The stocks of financial institutions listed on the Nigerian Exchange Limited drove the second day of consecutive gain on the local bourse. The All-Share index inched up by +0.04 per…
Biden Reveals Egypt Has Agreed to Allow 20 Aid Trucks Into Gaza
US President Joe Biden said Wednesday that Egyptian President Abdel Fattah al-Sisi has agreed to open the Rafah crossing into Gaza to allow a first batch of around 20 humanitarian…
NURTW Passes Vote of No Confidence in Baruwa
The National Union of Road Transport Worker, NURTW has passed votes of no confidence on a former president of the union, Tajudeen Baruwa, The National Chairman, NURTW Caretaker Committee, Tajudeen…
Ex-minister of Power Reveals Cabal Sabotaging Stable Power Supply in Nigeria
Former Minister of Power, Barth Nnaji, has alleged that diesel suppliers and generator dealers are sabotaging efforts for Nigerians to enjoy regular power supply. Mr Nnaji, a professor, made this…
Nigeria Lost ₦2.9trn Through Contract Fraud in Three Years
The new Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, says about ₦2.9 trillion meant for some government projects was diverted into personal use by contractors between…
