'Pharma Companies Cut Profit To Reduce Drug Prices' Drug manufacturer, May & Baker Nigeria Plc has said pharmaceutical companies in Nigeria cut their profits to help reduce high drug prices. May & Baker CEO, Patrick Ajah, said the company increased prices...

FG Signs N11bn Concession Agreement For Tincan Water System   The Federal Government through the Nigerian Ports Authority (NPA) has handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited after it signed a 16-year concession agreement...

FG Generates $21.5bn From NLNG’s $44bn Dividend Payment In 25 Years The federal government has received about $21.56 billion of the $44 billion dividends disbursed by the Nigeria Liquefied Natural Gas Limited (NLNG) in the last 25 years, the company’s...

Nigeria's External Debt Servicing Rises To $2.78bn   Nigeria’s debt servicing in the first seven months of this year rose by 53.63 per cent, or $971.47m, to $2.78bn, up from the $1.81bn recorded in the same period in 2023. This was disclosed...

Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn   The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public tertiary hospitals and 300 educational institutions across the country. This follows the Federal Government’s approval of...

CBN,NDIC, SEC Partner To Simplify Bank Recapitalisation The Central Bank of Nigeria (CBN) the Securities and Exchange Commission (SEC) and the Nigeria Deposit Insurance Corporation (NDIC) have joined forces to streamline the bank recapitalisation process, aiming to enhance efficiency and...