Economy
-
National electricity grid crashes from 3,703MW to 9MW, says FG
Figures obtained on Monday from the Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, showed…
Read More » -
External Reserves Buckle Below CBN’s $42 Billion Target
By EHIME ALEX Nigeria’s foreign reserves are hovering below the threshold the Central Bank of Nigeria (CBN) sets to achieve…
Read More » -
FG: ‘High grade’ lithium deposit discovered in Kwara
The federal government says “high grade” lithium has been discovered in Kwara state.The Cable reports Abdulrazaq Garba, director-general, Nigerian Geological…
Read More » -
Nigeria’s electricity grid collapses again
The federal government said the latest dip in electricity generation in the country is as a result of a partial…
Read More » -
Lagos ports collapsing, cargo diversion to West African countries imminent
There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well…
Read More » -
CBN raises interest rate to 13% — first time in over five years
The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which…
Read More » -
Nigeria’s GDP Records 3.11% Growth In First Quarter
. Nigeria’s Gross Domestic Product (GDP) grew by 3.11 per cent (year-on-year) in real terms in the first quarter (Q1)…
Read More » -
Adesina Says Africa Will ‘Feed Itself With Pride’ As AfDB Approves $1.5bn For Food Crisis
The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening food insecurity…
Read More » -
Access Holdings’ll provide opportunities for African trade – CEO
Access Holdings Plc says it has started operations with initial portfolio companies. The firm said its future strategy would promote…
Read More » -
Dollar hits N600 at parallel market, forex supply shrinks
: The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the…
Read More »