Pound hits record low versus dollar, markets hit by recession fears
The pound fell to a record low against the dollar on Monday as investors worried about the UK economy after the government unveiled a massive tax-cutting budget.infomation guide…
CBN threatens to deduct money from loan debtors’ accounts
Celsus Agla, senior manager of the CBN‘s development finance office in Port-Harcourt, said this on Thursday during a meeting with maize farmers and other stakeholders.infomation guide nigeria Celsus…
Africa emits less than 1% of global carbon—Osinbajo
African nations, according to vice president Yemi Osinbajo, contribute less than 1% of total world carbon emissions.infomation guide nigeria On Thursday in Lagos, Osinbajo made this announcement during…
Manufacturers spend N639bn on power, self-generate over 14,000MW
As enterprises self-generate more than 14,000 megawatts of electricity due to inadequate supply from power distribution firms, rising energy costs are impairing economic activity in Africa’s most populous…
No going back on power sector privatisation – FG
The Federal Government has reaffirmed its commitment to and willingness to expand private-sector engagement as the only realistic way to meet Nigeria’s energy needs. Abubakar Aliyu, the Minister…
FG commences processes for Baro port concession
The Federal Government has stated that it has begun the process of concessioning Baro Port after fully concessioning Onitsha Port.Information Guide Nigeria Dr George Muoghalu, Managing Director of…
Aviation firm acquires N500m handling equipment
A new set of ground support tools, consisting of a 14-ton cargo main deck high loader and four high capacity Mallaghan mobile steps with chutes, has been delivered…
Estimated bill consumers rise to 5.85 million – Report
Nigeria saw an increase in the number of electricity consumers on anticipated billing, from 5.84 million in the first quarter of this year to 5.85 million in the…
Motorcycle ban hits traders, imports crash by 36%
Traders have been heavily hurt by motorcycle bans in various areas, as well as the Federal Government’s threat to outlaw commercial motorbikes, colloquially known as “Okada.” Motorcycle imports…
Nigeria eyes OECD membership to boost seeds export
The Federal Government, through the National Agricultural Seeds Council, has begun efforts to make Nigeria a full member of the Organization for Economic Cooperation and Development in order…