Power: Blackout as National Grid Collapses Again
There is a widespread blackout across the country following the total collapse of Nigeria’s electricity grid early Thursday morning.
It was gathered that the grid collapsed totally around 12:40 a.m. on September 14, 2023, leading to the massive loss...
7.5% VAT On Diesel May Disrupt Fuel Supply, Says NARTO
The Nigerian Association of Road Transport Owners (NARTO) on Tuesday, called on the Federal Government to stop the 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly known as diesel.
NARTO said the halt...
CBN Orders Banks To Save Gains From FX Revaluation
The Central Bank of Nigeria, CBN, has ordered banks to save gains from foreign exchange (FX) revaluation as a buffer against emerging economic shocks.
The regulator in this regard stopped banks from using FX revaluation gains to...
Macroeconomic Management: Nigeria Needs Urgent Structural Reforms - World Bank
The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management.
The Bank said this would be imperative for...
Brent Crude Hits $92 Per Barrel
Oil price, on Friday, edged up to over $9o a barrel for the first time since November 2022.
Brent crude, the global oil benchmark, increased by 1.69 percent to $92.23 a barrel, while US West Texas Intermediate jumped 2.02 percent...
'UAE Visa Ban Lift’ll Transform Stock Exchange'
Billionaire businessman, Mr Femi Otedola, yesterday, commended President Bola Tinubu for resolving the United Arab Emirates, UAE, visa ban on Nigerians.
While commenting on the efforts by Tinubu to resolve the impasse between Nigeria and UAE, Otedola, in a...
