HomeNews

News

Forex Traders Attribute Naira Gains to Dollar Surplus, Enhanced Security

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

NCAA to Airlines: Pay Compensation for Delayed Baggage or Face Sanction

The Nigerian Civil Aviation Authority (NCAA) has issued a strong warning to both local and international airlines operating in the country.

Power Minister Reveals What 4trn GenCos Debt Means for Nigeria

The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.

FG may Sell 11 DisCos to New Investors

The Federal Government may sell the 11 power distribution companies through a re-privatisation process if the Electricity Act (Amendment) Bill, 2025, currently before the National Assembly, becomes law.

Elumelu Hails Tinubu for Curbing Oil Theft

The Chairman of Heirs Holdings and the United Bank for Africa (UBA), Tony Elumelu, has commended President Bola Ahmed Tinubu for the significant improvement in the oil and gas sector since he assumed office in 2023.

Real Estate Contributes N41.3trn to Economy – NBS

The real estate sector’s valuation has climbed to N41.3tn, highlighting its rising contribution to the nation’s economy.