China Development Bank grants Nigeria $255m for Kano-Kaduna railway project
China Development Bank has approved a $254.76 million loan to Nigeria to support the completion of the Kano-Kaduna railway project. This development comes ahead of...
Business
Nigeria’s Central Bank Introduces Electronic Foreign Exchange System, Pegs Trading At $100,000 Minimum
The Central Bank of Nigeria (CBN) has unveiled guidelines for the Electronic Foreign Exchange Matching System (EFEMS). According to the apex bank, this development is...
Buy 2 million litres of fuel at N970 – Dangote to Nigerians
Dangote Petroleum Refinery has said its customers can purchase a minimum of two million litres of Premium Motor Spirit, PMS, also known as fuel at...
774 LGs can’t pay N62,000 minimum wage — ALGON boss
The Association of Local Government of Nigeria has raised concerns over the proposed N62,000 minimum wage, insisting that if approved, the wage may put a...
Abiodun Restates Commitment to Gateway International Airport
Stories By Chinedu Eze The Ogun State government has expressed the determination to make the Gateway International Agro-Cargo Airport viable by developing facilities that attract...
GET Opens Application for MSMEs Grant
Oluchi Chibuzor The Grooming Endowment Trust (GET) has announced the call for application for its third edition of Get Compass programme that seeks to support Micro, Small...
‘Incessant Disruption of Operations in Aviation Sector Erode Investors’ Confidence’
Chinedu Eze Following the recent industrial action embarked upon by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), aviation industry stakeholders have warned...
Report: Inflationary Pressure Eased to One-year Low in May
Dike Onwuamaeze The Purchasing Managers’ Index (PMI) report of the Stanbic IBTC Bank Plc has stated that the rate of inflation eased to a one-year low...
NIN-SIM Linkage: MTN Disconnects 8.6m Lines Since Feb 28
MTN Nigeria has removed 8.6 million lines from its network, in compliance with the February 28, 2024 ruling of the Nigerian Communications Commission (NCC) mandating...
NERC Unbundles TCN, Sets Up New System Operator
The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) by establishing the Nigerian Independent System Operator of Nigeria Limited (NISO)....