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NIGERIA'S ’s GDP RISES 2.98% IN Q1 ON SERVICES SECTOR GROWTH
Nigeria’s economy grew by 2.98 percent year-on-year in real terms in the first quarter of 2024, according to the National Bureau of Statistics. This growth rate is higher than the 2.31 percent recor...
Nigerian Senate Begins Probe Into Hike in Electricity Tariff
The Nigerian Senate has begun investigating the hike in electricity rates in eleven states.During Monday's meeting at the Senate-wing National Assembly, the Red Chamber threatened to punish any person...
British International Investment and Citi Invest $100 Million in SMEs
British International Investment, an impact investor and development finance institution based in the United Kingdom, has reported that it has entered into a risk-sharing agreement worth $100 million ...
Electricity Prices Climbs Following FG Plans to Increase Gas Price
On Monday, the Federal Government reported that the price of natural gas for power-generating firms has increased to $2.42 per metric million British thermal units (mmbtu), a significant shift from th...
NEPC Says Nigeria’s Non-oil Revenue Fell to $4.5BN in 2023
The Nigerian Export Promotion Council has reported that in 2023, Nigeria’s non-oil revenue decreased to $4.5bn. The decline is said to be 6.3% or $300m from the previous record in 2022, which ...