Spotlight
Elon Musk’s Starlink is building Ground Stations in Lagos, Ogun and Rivers State to boost connectivity
Elon Musk’s internet company, Starlink is setting up ground stations across Nigeria in a strategic move aimed at enhancing connectivity...
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Consumer Goods Companies report reduced margins in the first half of 2024, blame higher production
Consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a significant uptick in their cost of production in...
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Nigeria’s inflation rate drops for the first-time in 19 months, at 33.40% in July
Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first...
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Nigerian Court refuses Police request to reverse billions allegedly withdrawn by POS agents in 2023 glitch
A Federal High Court in Abuja has denied a motion by the Inspector General of Police (IGP) seeking an order...
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Zero-Duty, VAT exemption on essential food imports effective July 15 to year-end – Nigeria Customs Service
The Nigeria Customs Service has announced the implementation of the duty waiver on essential food imports, effective from July 15,...
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Inflation: FMCG transaction volume in Nigeria declines by 17.4% in 2024 – Report
The latest report by NielsenIQ has revealed that the Nigerian Fast-Moving Consumer Goods (FMCG) market has seen a 17.4% decline...
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Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun
The Minister of Finance, Wale Edun, has reassured Nigerians that the economy is thriving under President Bola Tinubu’s leadership, noting...
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Nigerian Senators collect N1 million monthly salary, covering entertainment, constituency allowance, others – Revenue Commission
The Revenue Mobilisation Allocation and Fiscal Commission has confirmed that each Nigerian Senator receives a monthly salary and allowances totaling...
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Concerns mount as NERC presses DisCos to buy power directly from Gencos
The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract...
Read moreCourt reverses TAJ Bank’s customers’ N139 Million ‘unlawfully’ credited due to system glitch
The Federal High Court, Abuja, has granted an interim freezing order against several accounts in Fair Money Micro-finance Bank Ltd,...
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