Senate Says Govt Agencies, Military Owe Electricity Firms   The Federal Government has said that the cost of electricity consumption in Nigeria is among the cheapest and most defaulted by consumers in the world. This came as the Chairman of the Senate...

How Naira Crisis, Elections Affected 2023 Revenue - NGX The Nigerian Exchange Group (NGX) has said the last general elections and the naira redesign policy of the Central Bank of Nigeria impacted its top-line revenue negatively. It said this resulted in...

Oil Communities, Firms Partnership Target $5bn Investment Fund   The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing...

Cash Crunch: Lafarge, Bua Foods Lament Impact on Q1 Results   At least two manufacturers in the Nigerian economy, Lafarge Africa Plc and Bua Foods Plc have highlighted the cash crunch and the 2023 general elections as challenges that they faced...

Report Reveals Private Sector Rebounded After March Cash Crunch There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing...

IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about...