Business

The Nigerian government is establishing an Auto Industrial Park to enable and ease the production of automobile component part. The Director General of the National Automotive Design and Development Council, (NADDC), Mr Joseph Osanipin…

The Kwara State Governor, Abdulrahman Abdulrazaq has presented the 2025 appropriation bill to the state parliament, with a strong emphasis on completing ongoing projects, initiating new ones, and enhancing social protection for the people.…

Anambra State Auditor-General, Mr. Akosa Okocha, has praised Governor Chukwuma Soludo for the timely allocation of funds to facilitate the preparation of the state's annual audit report. This was done during the recent Audit Forum and…

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has collected a total of N252.83 billion Internally Generated Revenue (IGR) in 2024. The acting Executive Chairman of the service, Mr Michael Ango, made this known at the…

According to the Central Bank of Nigeria (CBN), the nation's $42.01 billion in foreign reserves can cover imports of goods and services for almost nine months. This is as the apex bank, guaranteed Nigerians of better economic fortunes in…

Due to the state's banks' ongoing cash constraint, which forces many customers to rely on Point of Sale (POS) machines for daily transactions, Benue citizens claim they are experiencing serious financial hardships. They said the scarcity…

In the budget for 2025, several economists have advised the Nigerian government to give priority to infrastructure renovation, agricultural growth, and support for local production. The recommendations, according to the experts, were…

The country's agency banks have been restricted to a daily total cash-out restriction of N1.2 million. The Central Bank of Nigeria (CBN) stated in a circular that the action is intended to increase agency banking activities' usage of…

In order to give Nigerians much-needed relief before the holidays, Dangote Petroleum Refinery has lowered the price of its Premium Motor Spirit (PMS) product to less than N900 a litre. The privately held oil refinery set a new pricing of…

The Nigerian government has expressed its dedication to not only addressing the manifestations of unemployment but also tackling the underlying causes of this issue. The Minister of Labour and Employment, Muhammadu Dingyadi stated this in…