MAN Reports 35% Drop in Manufacturing Sector Investments
A report by the Manufacturers Association of Nigeria (MAN) has revealed that investments in the manufacturing sector contracted by 35.3 per cent in 2024.
The sector endured a sharp contraction in real investment in the past year, as...
'US Tariff May Slow Nigeria’s Economic Growth Prospects'
Nigeria’s economic growth prospects in 2025 face a potential slowdown due to a newly imposed 14 per cent reciprocal tariff by the United States on Nigerian imports.
This was indicated in the latest ‘Nigeria Economic Outlook – April...
CBN Governor Hit with N220m Contempt Suit
Central Bank of Nigeria Governor, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged refusal to comply fully with...
FG to Settle N2trn Debt Owed to GenCos by December
The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year.
He said...
NDPHC Commits N500bn to Enhance Transmission Infrastructure
The Niger Delta Power Holding Company (NDPHC) has disclosed that it has invested over N500bn in transmission infrastructure across the country.
The Managing Director/Chief Executive Officer of the company, Jennifer Adighije, stated this during an inspection of the 330/132/33kV...
Dangote Foundation Provides N16bn Food Support to Abuja, Kogi
The Federal Capital Territory, Abuja, and the Kogi State Government have received food donations from the Aliko Dangote Foundation, as part of the N16bn Annual National Food Intervention programme launched last month.
Speaking at the recent flag-off...
