Steel Ministry Refutes Claims of Budget Mismanagement   The Ministry of Steel Development's Permanent Secretary, Dr. Chris Isokpunwa, has vehemently denied allegations of budget irregularities in the ministry's 2024 budget implementation. In a statement on Friday, Isokpunwa addressed the claims of “ghost...

CBN Survey Reveals Optimistic Outlook for Naira in 2025   According to the Central Bank of Nigeria's (CBN) December 2024 Business Expectations Survey (BES), a significant majority of respondent businesses expressed a positive outlook on the nation's macroeconomic prospects, indicating a...

Telcos' Operating Costs Skyrocket by 50.92% - NCC   Nigeria's telecommunications sector faced significant financial strain in 2023, with operating costs for telecom companies skyrocketing by 50.92%. This substantial increase underscores the industry's struggles to maintain network operations amidst soaring inflation...

2025: RCDI Reaffirms Commitment to Sustainability and Transforming Lives   As 2025 begins, the Resource Conservation Development Initiative (RCDI) has reaffirmed its unwavering commitment to sustainability and transforming lives. In a press statement signed by the founder, Minite Okoroh-Oviaesu, on Thursday, the...

FG Plans to Raise N450bn Through Bond Auction in January 2025   The Federal Government is gearing up to raise a whopping N450 billion through its January 2025 bond auction, courtesy of the Debt Management Office (DMO). This figure surpasses the N360bn...

FAAN MD Stands Firm on N580bn Runway Upgrade Amid Criticism   The Managing Director of the Federal Airports Authority of Nigeria (FAAN) Olubunmi Kuku has strongly defended the proposed N580 billion runway upgrade project, amidst growing criticism. In a show of...