Partial Power Outage as National Grid Collapses First Time in 2025
The national power grid has suffered its first major collapse of 2025, barely ten days into the New Year, leaving many parts of the country in a nationwide blackout.
This incident marks the 13th collapse...
US Moves to Repatriate $53m Linked to Diezani
The United States Government and the Federal Republic of Nigeria have signed a memorandum of understanding to repatriate the sum of $53 million stolen funds to Nigeria.
The funds were part of funds of the Galactica asset linked...
Proposed Telecom Tariff Hike will Reduce Inflation – Expert
The Chief Executive Officer of Financial Derivatives, Bismarck Rewane, has expressed support for the proposed telecom tariff hike, citing its potential to enhance productivity and moderate inflation in the economy.
Speaking on Channels Television’s Business Morning on...
CBN Halts Export Proceeds Repatriation Extension
The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately.
This directive, issued via a circular dated January 8, 2025, applies to both oil and non-oil export transactions.
The...
Inflation may Drop to 27% by December – Report
Nigeria’s inflation rate is projected to decline to 27.1 per cent by December 2025, according to the latest NESG-Stanbic IBTC Business Confidence Monitor report.
This forecast offers a ray of hope to businesses and consumers struggling with...
NBS to Launch Rebased GDP Data End of January
The National Bureau of Statistics (NBS) has revealed that the details of the newly rebased Gross Domestic Product will be launched at the end of the month.
This was disclosed on Thursday at the sensitisation workshop on...
