Foreign Investments in Nigerian Startups Decline By 65%   Foreign investments in Nigerian startups fell by 65.83 per cent year-on-year to $410m in 2023 from $1.2bn in 2022. The fall in investments caused the country to lose its top spot in terms of total startup investments on...

COST OF GOVERNANCE: FG Reduces Staff Traveling with Tinubu, Shettima President Bola Tinubu has slashed by 60 per cent the travel expenditure of government officials in his administration. Presidential spokesman, Ajuri Ngelale, disclosed this to State House Correspondents on Tuesday at the Presidential Villa, Abuja. According to...

Dangote Refinery to Commence Production After Receiving Sixth Crude Cargo The Dangote Petroleum Refinery says it has received the sixth one million barrels of crude oil required for the commencement of operations. In a statement, the firm said the product was supplied by the Nigeria National...

N585m Scandal: Betta Edu Arrives EFCC Office for Questioning The suspended Humanitarian Affairs and Poverty Alleviation Minister, Betta Edu, has arrived at the Economic and Financial Crimes Commission Headquarters. Edu was invited by the EFCC over alleged N585 million fraud in her ministry. She was suspended on...

NGX Sustains Bullish Trade as Investors Gain N3.5tn on Seventh Day  The rally on the Nigerian Exchange Limited entered its seventh day on Monday, resulting in a daily gain of N365bn and a compound gain of N3.5tn from the rally which started on December 28,...

UN Says High Debt, Inflation Threaten Nigeria’s Economic Growth in 2024 The United Nations has disclosed that rising public debt, persistent inflation, high cost of living, and a weak business environment, will continue to pose a downward risk to Nigeria’s growth prospects. In its ‘World Economic...