World Bank Supports Nigeria, Others with N254bn Solar Power Project The World Bank, Clean Technology Fund and the Dutch Cooperation are to finance the $338.7m (N254bn at the official exchange rate of N750.6/$) solar power projects in Nigeria and other countries in West Africa. Parties in...

Nigeria-Niger Border Closure Threatens $226m Trade The Nigerian-Nigerien trade worth about $226.34m is at risk of breaking down following a border closure between the two countries. The recent border closure by Nigeria with Niger following a military takeover that overthrew President Mohammed Bazoum’s democratically elected administration,...

Turkish Airlines Sacks Pilot for Stopping Co-pilot from Praying in Cockpit  A pilot with the Turkish Airlines (THY) has been fired for opposing the company's new policy on praying in the cockpit. The Chairman of the Board of Directors of Turkish Airlines, Ahmet Bolat, while responding...

Forex Scarcity: Consumer Goods Manufacturers Borrow N1.8trn To Survive   At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Findings from the financial statements of the companies show that they have resorted to very...

In Seven Months, NGX Attracted N369.83bn FGN Bonds, Other Listings    The Nigerian Exchange Limited (NGX), attracted a total of N369.83 billion new listings across equities, FGN Bonds, mutual funds, and derivatives categories in seven months of 2023. The numbers obtained by Economic Confidential revealed that corporate...

NEPC Compiles Export Potential In 774 LGAs   The Nigerian Export Promotion Council (NEPC), said it had begun the compilation of export potential in the 774 Local Government Areas of Nigeria. Dr. Ezra Yakusak, Executive Director of NEPC, who stated this on Saturday in Abuja at the...