Indian Firms to Invest $14bn in Nigeria – Minister The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, has revealed that Indian investors were prepared to inject $14bn into Nigeria’s economy. In a statement on Wednesday, Uzoka-Anite commended the efforts of both countries in concluding the...

NGX Set New Record as Index Crosses 100,000 Points The Nigerian Exchange Limited’s benchmark index crossed the 100,000 basis point mark, setting a new all-time high record on Wednesday. At the close of trading, the All-Share Index of the local bourse gained 2,954.14 points or 2.99...

Power Grid Collapsed 46 Times in Six Years, Says IEA The International Energy Agency says Nigeria’s national power grid collapsed 46 times from 2017 to 2023. According to the report released on Wednesday, Nigerians endured more nationwide blackouts in 2023, especially on September 14 when the...

Nigerian Economy Growth to Rise 3.7% in 2025 - World Bank The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that...

Naira Rebounds at The Official I&E Window   After several days of volatility, the naira rebounded at the official I&E Window on Tuesday, closing at N878.61/$1 against the N925.34/$1 it closed on Monday. The latest indicates a major improvement in the value of the local currency which...

Oil Marketers Kick as NNPCL Delays Petrol Supply   Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they...