'N1trn Lost Annually to Poor Maritime Infrastructure'   Nigerian shipowners have said that the country’s maritime sector is losing about N1tn annually due to poor infrastructure. The immediate past president of the Shipowners Association of Nigeria, Greg Ogbeifun, said this on Tuesday...

Electricity: Tinubu Stops Tariff Hike, Insists on Subsidy   President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide, the Minister of Power, Adebayo Adelabu, revealed on Wednesday. Adelabu...

Old Banknote Remains Legal Tender - CBN Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex bank directed all its branches across the country to continue...

China-Nigeria Trade Volume Hits $17bn   The bilateral trade volume between China and Nigeria in the first three quarters of 2023 stood at $17.25bn, the Consul General of China in Lagos, Yan Yuqing has said. Yuqing disclosed this at the China Commodities...

Oil Sector Attracted Zero Foreign Investment in Q2, 2021 - NBS   The oil and gas sector in the country failed to attract any foreign investment for the first time in Q2 2021, amid the global push for cleaner energy, according...

President Tinubu will Shock Naira Speculators — Shettima Vice President Kashim Shettima has warned those stockpiling foreign currencies in anticipation of a further decline in the naira that they will be in for a surprise as the government’s policies are...