88% of Workers Self Employed - NBS Report Only 12 per cent of workers in Nigeria were in wage employment as of the end of the second quarter of 2023, the National Bureau of Statistics has disclosed. This is because 88 per cent of workers in...

Port Harcourt Refinery Commences Operations The Federal Government has confirmed the commencement of operations at the Port Harcourt Refining and Petrochemical Company in Rivers State. It announced that the facility commenced operations on December 20, 2023, as the first phase of work at the plant had...

FG to Introduce Fresh Incentives to Woo Oil, Gas Investors  The Federal Government is introducing incentives to attract oil and gas investment as Nigeria, Africa’s biggest economy, works to ramp up crude oil output. Some of the measures being adopted include substituting signature bonuses – the...

Reps Advise CBN to Adopt Chinese Yuan as Official Exchange Rate The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was...

Naira Scarcity: ASSBIFI Cautions Nigerians Against Panic Withdrawals The Association of Senior Staff of Banks, Insurance and Financial Institutions has linked the cause of cash crunch in the country to panic withdrawals by bank customers, and activities of misguided individuals engaging in the unethical practice...

FG Curbs External Borrowing as Debt Rises N88tn - Report  The Debt Management Office data has revealed that Nigeria's total public debt rose to N87.91tn as of the end of September, 2023. Rather than increase its foreign debt stock as has been the case before now,...