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Obi to FG: Set up task force to address recurring national grid collapse

    Obi to FG: Set up task force to address recurring national grid collapse

Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has urged the federal government to constitute a technical task force of professionals to address the reoccurring

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Gap between parallel, official FX rates drops to N22 as naira extends gains

    Gap between parallel, official FX rates drops to N22 as naira extends gains

The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX rate at the street market signifies an increase of 4.55

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NPA introduces 72-hour access window for export trucks to avert congestion

    NPA introduces 72-hour access window for export trucks to avert congestion

The Nigerian Ports Authority (NPA) says it has opened a 72-hour access window for all export trucks to access designated terminals. The NPA made this known in a notice to

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EXTRA: Grammar police spot error in FCCPC’s directive on consumer exploitation

    EXTRA: Grammar police spot error in FCCPC’s directive on consumer exploitation

A grammatical error was spotted in a directive from the Federal Competition and Consumer Protection Commission (FCCPC) asking Nigerians to report price hikes by traders. In a bid to protect

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FG: Reduction of diesel cost by Dangote refinery will impact prices of goods

    FG: Reduction of diesel cost by Dangote refinery will impact prices of goods

The federal government says the reduction in the cost of automotive gas oil (AGO), also known as diesel, by Dangote

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CBN reduces banks’ LDR to 50%

    CBN reduces banks’ LDR to 50%

The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio (LDR). CBN reduced the LDR

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FCCPC to monitor price hikes to prevent consumer exploitation

    FCCPC to monitor price hikes to prevent consumer exploitation

The Federal Competition and Consumer Protection Commission (FCCPC) says it will monitor and investigate price hikes in the markets to

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Nigeria’s FX reserves drop to $32bn — lowest level in six years

    Nigeria’s FX reserves drop to $32bn — lowest level in six years

Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years.  According to

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Economic slowdown: G-24 seeks access to concessional funding for poor nations

    Economic slowdown: G-24 seeks access to concessional funding for poor nations

The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) has called for access to concessional financing to

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Akabueze: Debt sustainability Nigeria’s most significant challenge — investments needed

    Akabueze: Debt sustainability Nigeria’s most significant challenge — investments needed

The Nigerian government says debt sustainability is the most significant challenge it faces, adding that investment and increased trade are

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