Electricity Subsidy: FG Spent N36bn In Three Months – NERC   The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC...

Forex Scarcity: Consumer Goods Manufacturers Borrow N1.8trn To Survive   At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Findings from the financial statements of the companies show that...

In Seven Months, NGX Attracted N369.83bn FGN Bonds, Other Listings    The Nigerian Exchange Limited (NGX), attracted a total of N369.83 billion new listings across equities, FGN Bonds, mutual funds, and derivatives categories in seven months of 2023. The numbers obtained by...

NEPC Compiles Export Potential In 774 LGAs   The Nigerian Export Promotion Council (NEPC), said it had begun the compilation of export potential in the 774 Local Government Areas of Nigeria. Dr. Ezra Yakusak, Executive Director of NEPC, who stated this on...

Influx Of smuggled Textiles Killed 150 Local Companies – TEA   Manufacturers under the aegis of the Nigerian Textile Employers Association have said that smuggling of textile products through Nigeria’s land borders, has led to the collapse of over 150 textile...

CISLAC Knocks Tinubu for Appointing Individuals with Corruption Allegations to Public Offices   The Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International (TI) have criticized President Bola Tinubu for appointing corrupt individuals into leadership positions in the country. In a statement...