Fuel Subsidy: Queues Return As Backlog Stifles Supply   Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which...

We Lost N1.5trn To FX Crisis In Six Months – MAN The Manufacturers Association of Nigeria (MAN) has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made the disclosure in an...

Our Economy now Looking Good - Tinubu President Bola Tinubu has assured Nigerians that his administration would fix the country’s economic challenges, including bringing down the ballooning inflation level. He said that even though he does not have a magic wand, Nigerians should not worry as...

Nigeria's Agricultural Exports Up by 48% Amid Weak Naira in 2023 A BusinessDay analysis of the latest foreign trade in consumer goods report shows that Nigeria's agricultural exports surged by 48% in 2023 to N1.24 trillion compared to N598.16 billion in 2022. This increase was...

Nigeria Invests €48m to Boost Renewable Energy Programme, Says NESP The Component Lead, Enabling Environment Nigerian Energy Support Programme (NESP), Joshua Yari, revealedthat Nigeria has invested €48 million in the second phase of its energy support programme. Yari disclosed this at a one-day energy summit organised...

Reps Query N78.76bn MDAs Excess Salaries, Summons AGF The House of Representatives Committee on Public Accounts has summoned Accountant General of the Federation (AGF) over the audit query on the N78.761 billion extra-budgetary expenditures on salaries and wages paid in 2020 fiscal year. The audit query...