BUSINESS
Nigerians Must Support Locally Made Goods To Grow Economy, Buhari Advises
President Muhammadu Buhari has urged Nigerians to support locally manufactured goods to boost trade activities and prospects in the country. He said this Friday in...
Selling Forex To Banks To End In 2022 – CBN
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the...
Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister
Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of...
AEDC New Board, Interim Management Team Assume Office
The new board and interim management of Abuja Electricity Distribution Company has assumed office. The board is made up of Victor Osadolor as Chairman. Osadolor is...
48.6% Of Electricity In Nigeria Supplied From Generators — NBS
Generators powered by petrol, diesel and gas provide 48.6 per cent of the electricity consumed by power users across the country, according to the...
₦5.548 Trillion Available To Fund 2020 Budget – Finance Minister
The Minister of Finance, Zainab Ahmed, revealed that the amount available for funding the 2020 Budget is now estimated at N5.548 trillion while briefing...
Low Spending: Manufacturers Shun Dealers, Now Deal Directly With Consumers
•A wholesaler’s warehouse filled with goods Plummeting consumer spending has lingered for a long time now, and is telling on suppliers in the business chain. For...
#ENDSARS Protest Disruption Cost Economy N1.5 Trillion – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021...
CBN Releases $265Million To Airlines
In a move to check the crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) yesterday, released the sum of $265...
CBN Order Banks To Resume Collection Of Old N500, N1000 Notes (See Detail)
The Central Bank of Nigeria has directed banks to begin collecting old N500 and N1,000 notes from the public as soon as possible. It did,...
