Naira: Christmas Shoppers Condemn Scarcity   About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings on Sunday revealed that banks were still rationing cash over-the-counter,...

NBS: Nigeria’s Inflation Jumps to 28.20% in November Inflation surged to 28.20 per cent in November from 27.33 per cent in October, underscoring a worsening cost of living crisis in the country. In its new ‘Consumer Price Index: November 2023’ released on Friday, the National Bureau...

NLC Faults Plans to Unbundle TCN The Nigerian Labour Congress (NLC) said the proposed plan by the federal government to restructure the Transmission Company of Nigeria (TCN) portends great danger to the power sector. Joe Ajaero, the NLC President, disclosed this in a statement on Wednesday. The...

Report: Nigeria, Others Spend $441bn on Debt Servicing – World Bank Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped...

Cashflow in Nigeria’s Power Sector Grows to N900bn - NERC The Nigerian Electricity Regulatory Commission, NERC, says liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion. The Chairman of NERC, Engr Sanusi Garba, disclosed this on Thursday at the three-day ministerial retreat...

Tinubu Sacks Aviation Directors, Others The Federal Government has sacked all directors of Aviation less than 24 hours after the removal of all heads of aviation agencies from their offices. The government said this in a statement signed by Odutayo Oluseyi, the spokesperson for the Minister...