Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from...

Subsidy Removal: Nigeria Risks Losing Billions As State Govts Reduce Working Days   Nigeria stands the risk of losing billions of Naira in revenue over some state government’s plan to reduce working days by civil servants. This is coming after two states...

Currency in Circulation Now N2.26trn - CBN   Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria (CBN). According to figures obtained from the CBN, the currency outside...

Stock Investors Record N8bn Gain In One Week   The bullish trading experienced in recent times on the Nigerian Exchange Limited (NGX) slowed this past week, recording a gain of N8bn for investors. With market capitalisation ending at N35.994tn previous Friday, trading...

Seaport: Nigeria Loses $15bn To Congestion, Others Annually   Nigeria is said to be losing an estimated $15billion annually due to congestion and other maritime related issues at the nation’s seaport. This is even as port users lamented mounting refuse dump on...

Tinubu Appoints Obazee To Probe CBN   President Bola Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities. In a letter sighted by our correspondent, the president named Jim Osayande Obazee, ex-Chief Executive Officer,...