Industry Minister to Engage CBN Over $2.4bn FX Forward Contracts
The Minister of State for Industry, Senator Owan Enoh, has pledged to engage the Governor of the Central Bank of ...
Tag: Economy news
Rising Poverty Exposes Flaws in Nigeria’s Education System, Stalling Human Capital Development
Rising poverty in Nigeria, with over 133 million people living in multidimensional poverty, is spotlighting cracks in the country's education ...
Niger State Ministry of Agriculture Receives Grant to Boost Sector
The Niger State agriculture subsector has been given a substantial lift, courtesy of a grant provided by the Alliance for ...
Nigeria’s Economy Records 3.46% Growth in Q3 2024- NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms in the third quarter of 2024, according to the ...
Fuel Subsidy Removal Saves Nigeria $7.5 billion Annually- Presidency
The Nigerian presidency has announced that the country is saving an impressive $7.5 billion annually following the removal of the ...
Starlink Suspends New Orders across Nigeria until NCC Approves Price Increment
Elon Musk’s Starlink has suspended orders for its residential kits across Nigeria with a note that the suspension would be ...
Merck Foundation Awards 830 Medical Scholarships to Tackle Non-Communicable Diseases in Africa
The Merck Foundation, in collaboration with African First Ladies, ministries of health, and medical societies, has granted 830 specialized medical ...
NUPRC: Oil Reserves Drop By 50bn Barrels As Investments Decline
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s oil reserves have declined by 50 billion barrels over ...
Nigerian Senate Set to Approve Tinubu’s $2.2bn Loan Request
The Nigerian Senate is expected to approve President Bola Tinubu's loan request for $2.2 billion (about N1.77 trillion). This loan, ...
NERC Orders Discos to Replace Faulty Meters Free of Charge, Warns Against Forced Migration to Estimated Billing
The Nigerian Electricity Regulatory Commission (NERC) has issued a stern warning to electricity distribution companies (Discos) not to force customers ...
