Nigeria Economy Dependent on Imported Cars, Refined Oil, Others – UN
The United Nations says Nigeria is highly dependent on the imports of goods, such as refined petrol, cars, smartphones, cereals, and pharmaceuticals.
This was disclosed by the United Nations Conference on Trade and Development in...
NERC Urges Power Consumers to Update Meters before 2024
The Nigerian Electricity Regulatory Commission has advised power users across the country to start updating their prepaid meters in order to avoid losing the meters by November 2024.
Its advice came as a power distribution company explained...
FG Warns MDAs to Cut Governance Cost, End Wastage
The Ministry of finance has called on Ministries, Departments and Agencies to reduce wastages, block leakages and cut costs in governance.
The Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Okokon Udo, during a sturdy tour...
Naira Loses, Exchanges N773.42 at I&E Window, N895 at Black Market
The naira depreciated against the dollar on Wednesday as it exchanged at N773.42 at the Investors and Exporters window.
According to a report by the News Agency of Nigeria (NAN), the naira lost by 0.35...
Manufacturers’ Raw Material Imports Hit N8trn In Three Years
Manufacturers have spent at least N7.9tn to import raw materials in the past three years.
According to manufacturers, the high raw materials imports bill is due to operators’ decision to source foreign exchange from the parallel market...