Naira Scarcity: Nigerians Groan Over Prices Of Food, Medicines   Amid soothing promises by the Federal Government to make the economy better, Nigerians seem to experience the opposite. For starters, the naira scarcity horror that dampened yuletide fun has continued in the new year, making 2024 take...

FG Extends Free Train Rides Till Sunday The Federal Government has extended the free train ride initiative till Sunday to further reduce financial pressure on travellers heading to various destinations after the festive period. The Managing Director, Nigerian Railway Corporation, NRC, Mr Fidet Okhiria, revealed this...

President Tinubu Appoints Six Executive Directors For NPA, NIMASA President Bola Tinubu, on Thursday, appointed six new executive directors in the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency. Both agencies are under the Federal Ministry of Marine and Blue Economy. Special Adviser to...

Port-Harcourt Refinery Set to Comence this Month – NNPCL The NNPCL has stated that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month ahead of the full resumption of work later. The Spokesperson for the NNPCL Femi Soneye stated this yesterday....

Nigerian Power Firms Need $2.5bn New Capital - FG Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents. Power companies in Nigeria are over-leveraged and...

New Year: Naira Appreciates by 13.51% Against US dollar at Forex Market The Nigerian Naira gained against the dollar on Thursday, 4th January 2024 at the official market to record the first gain in the new year 2024. Market watchers expected that a $2.25 billion injection...