Nigeria Registers 118 Mineral Buying Centres in Three Months
The Federal Government collected N6.96 billion mining fees and registered 118 new private mineral buying centres in the first quarter
Read more
TOP STORIES
CPPE Opposes Bill Seeking to Ban Raw Materials Imports into Nigeria
The Centre for the Promotion of Private Enterprise (CPPE) has said the bill seeking to ban the importation of raw
Read more
Manufacturers’ Alternative Power Spend Tops N1trn on Grid Collapse, Pricey Fuel
Manufacturers in Nigeria spent 42.2 percent more on alternative energy sources last year amid unreliable grid power and increases in
Read more
Nigerian Manufacturers Suffer Blow as Borrowing Cost Balloons to 35.5%
Manufacturers in Nigeria have said rising interest rates posed a major financial burden, with commercial bank lending rates surging to
Read more
US Capital Flow to Nigeria Risks Decline, PwC Warns
Uncertainties about the United States trade policy direction may cause distortions for capital flows to Nigeria, Big Four accounting firm
Read more
Zenith Bank’s Fraud Loss Deepens While Peers See Decline
Zenith Bank Plc, Nigeria’s biggest bank by net profit, witnessed a 14-fold surge in fraud-related losses in 2024, while several
Read more
Ten Banks Cough Out N316bn in Windfall Tax on FX Gains
By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign
Read more
Nigeria’s Forex Market Liquidity Sinks 55% as Reserves Extend Slide
By Lydia Oluremi The liquidity in Nigeria’s official foreign exchange market tumbled by 54.79 percent this year as the country’s
Read more
Nigeria Moves to Cut Government Workers’ Air Travel Costs
The Federal Government has launched a project called ‘BisonFly’ to optimise air travel costs for the Federal Civil Service through
Read more
IMF Says Nigeria in Better Position to Navigate External Risks
The reforms implemented by President Bola Tinubu since 2023 have put the Nigerian economy in a better position to navigate
Read more