World Bank Approves $300m Palliative Loans - Report The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up. Documents obtained from the apex bank shows that about $299.99 million was disbursed to Nigeria under the National Social Safety...

CBN Extends Validity of Old Naira Indefinitely   The Central Bank of Nigeria (CBN) has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira...

NNPCL to Inaugurate $2.8bn AKK Gas Pipeline December   The Nigerian National Petroleum Company Limited(NNPCL) has said the $2.8bn Ajaokuta–Kaduna–Kano gas pipeline project being constructed by Oilserve Limited will be inaugurated next month. Executive Vice President, Upstream, NNPC Limited, Oritsemiyiwa Eyesan revealed this at the ongoing 41st...

Blackout Looms as Electricity Workers Join NLC Strike  Electricity workers have shut down the national grid following the declaration of an indefinite strike by organised labour unions. Ndidi Mbah, the spokesperson for Transmission Company of Nigeria, confirmed the development on Tuesday. According to her, electricity workers, the...

ASUU Joins NLC, TUC Nationwide Strike The Academic Staff Union of Universities (ASUU) has asked its members to join the nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC). President of ASUU, Prof Emmanuel Osodeke, gave the directive...

NGX Records N130bn Loss, Days After Trading Positive The six days of positive trading on the Nigerian Exchange Limited halted on Monday, resulting in a N130 billion loss for investors. This marked a negative start to the week and the second day of bearish trading on...