FG to Revive Textile Industry as Import Rises $6bn Annually The Federal Government has pledged to address the challenges facing the country’s textile industry, as $6bn worth of textiles are imported annually. The Minister of State for Industry, Senator John Enoh, assures manufacturers of policies that...

Blackout: Again, National Grid Collapses The national grid collapsed again on Wednesday, after it experienced line tripping in January. According to the X handle created for reports on the grid @NationalGridNg, “there was a ‘GRID DISTURBANCE’ before noon today. Parts of the country experienced outage. Further...

Premiere Academy's N500M Defamation Suit: Court Admits Exhibits Against Ughegbe The High Court of the Federal Capital Territory (FCT) has accepted eight exhibits submitted by the Premiere Academy of Abuja as part of its N500 million defamation lawsuit against Lemmy Ughegbe, a gender activist based...

‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility ‎The naira rebounded against the dollar on Wednesday in the parallel foreign exchange market, reversing earlier losses. ‎As of February 12, 2025, the naira was trading at ₦1,560/$ (buy) and ₦1,565/$ (sell), reflecting a significant recovery from...

Africa Energy Bank $120bn Project to Begin in Q1, 2025 – FG The Federal Government yesterday hinted that the Africa Energy Bank (AEB) to be headquartered in Nigeria would be unveiled in the first quarter of 2025. The bank which targets an asset base of $120bn...

Equity Market Trades Positive as Investors Gain N426bn The Nigerian Exchange sustained its bullish momentum at the close of trading on Tuesday, with investors gaining N426bn as market capitalisation rose to N66.5tn. The benchmark All-Share Index appreciated by 683.38 points, or 0.65 per cent, closing at...