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Foreign investments in Nigeria’s telecom sector decline by 87% in Q3 2024
The Nigerian telecommunications sector recorded an 87% decline in foreign investments for the third quarter of 2024, signalling a notable...
Fuel imports hit 2.3bn litres despite local production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have...
Submit account statements within 48 hours, Okpebholo orders Edo LG chairmen
Edo State Governor, Monday Okpebholo, has ordered the Chairmen of the 18 local government areas in the state to submit...
FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next...
Dangote, IPMAN sign 60m litres weekly fuel deal
The Dangote Refinery has entered a significant agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the weekly...
CBN to refund $22m as World Bank detects $32m unaccounted funds
The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’...
FEC approved fresh borrowing plan for Nigeria
The Minister of Finance, Wale Edun, has disclosed that the Federal Executive Council approved a fresh $2.2 billion borrowing plan...
Naira resumes depreciation against dollar
The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. Obtained data...
Stock market rebounds with N96bn gain
Investors in the Nigerian Exchange Limited gained N96bn at the close of trading on Wednesday, thus reversing the N68bn loss...
FG’s International Debt Servicing Gulps $3.5bn In Nine Months
Information says Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024. Data...
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