The Ministry of Power has disclosed that the federal government has sealed a contract worth $2.2 billion for a solar PV deal with Sun Africa. This development was announced by the Minister of Power, B...
The Court of Appeal today in Abuja nullified the election of the Governor of Kano State, Abba Kabir Yusuf. The verdict was acted upon by a three-member panel of justices that disclosed that Abba Kabir...
Nestle Nigeria recently released its foreign exchange for the first nine months of 2023, and it shows that the firm recorded a loss of N127.46 billion, far from the corresponding year that settled at ...
MultiChoice Group Ltd. has announced its third consecutive semi-annual loss and blamed the financial challenges it witnessed on foreign exchange in Nigeria (naira devaluation) and steady power outages...
Paystack has announced its plan to reduce its operations outside of Africa, reducing the number of employees in Europe and Dubai, affecting 33 employees working with the payment platform. This an...
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On Thursday, the foreign exchange (FX) market opened with the dollar trading at N1,135 at the parallel market. This rate was the same as how the market closed on Wednesday.An operator in the black mar...
The Federal Government, in partnership with the Niger Delta Power Holding Company, has signed a Power Purchase Agreement with utility companies to distribute a total of about 250 MW across the federat...
Nigeria's inflation rate has been on a steady rise for months now, and the record for October reported by the National Bureau of Statistics (NBS) on Wednesday says that the country's inflation hits 27...
The World Bank which is considered as the largest bank in the world has finally released $299.99 million to Nigerians out of the $800 million that was approved for the National Social Safety Net Progr...
Oando Plc recently signed a deal worth $800 million in partnership with the African Export and Import Bank (Afreximbank) at the ongoing Intra-African Trade Fair that took place in Cairo, Egypt.In a tw...