Browsing: Business & Economy

The Federal Government may soon put up for sale its majority shares in the country’s satellite company, Nigeria Communications Satellite Limited (NIgComSat). This is coming on…

The Naira on Monday appreciated against the dollar at the official and unofficial foreign exchange (FX) markets as the Central Bank of Nigeria (CBN) plans to…

In an unexpected turn of events, sharply contrasting with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic 88% fall in its foreign capital…

The Federal Government aims to implement a 20% tax on Sugar-Sweetened Beverages (SSBs) as a primary measure to curb the overconsumption of SSBs and the prevalence…

The price of bitcoin surged past $57,000 during the opening trading session of the week after a week of lackluster trading, as of this writing, the…

The Naira experienced a notable appreciation against the US dollar on February 26, 2024, as official exchange rate strengthened by 5.22% to N1582.94/$1.  However, the Naira…

The International Telecommunications Union (ITU) said it has secured commitments totaling $9 billion from mobile operators to expand global connectivity.   ITU Secretary-General, Doreen Bogdan-Martin, announced this…

The Senior Special Assistant to President Bola Ahmed Tinubu on Digital and New Media, O’tega Ogra, has responded the Atiku Abubakar on comparing the economy of…

Daewoo Engineering & Construction (E&C) on February 9th completed setting up a heat exchange facility at the Nigeria NLNG Train 7 project site in Nigeria.  This cryogenic…

The prices of drugs jumped last year in Nigeria but five of the major manufacturers saw a decline in their financial performance on the back of…