Monday, March 16, 2026
NERC strips NBET of middleman role in DisCo-GenCo transactions
Onome Amuge In a recent move to shake up Nigeria's electricity market, the Nigerian Electricity Regulatory Commission (NERC) said it...
Read moreDetailsCBN reports 83% decline in FX allocation for foreign education in Q1 2024
Business a.m. The Nigerian diaspora's expenditure on education overseas plunged between January and March 2024, with $38.17 million spent, representing...
Read moreDetailsFood inflation persists in Nigeria as NBS reports continued increases across staple foods in June
Business a.m. The National Bureau of Statistics (NBS) has revealed that prices of common food items including rice, garri, tomato,...
Read moreDetailsDisCos net N291bn, 79.11% billing efficiency amid 673 megawatts loss in Q1’24
Business a.m. Nigerian Electricity Distribution Companies (DisCos) surpassed their revenue collection targets in the first quarter of 2024, generating N291.62...
Read moreDetailsCBN hikes MPR by 50 basis points to 26.75%
Business a.m. The Central Bank of Nigeria (CBN) has once again hiked its monetary policy rate (MPR), marking the 11th...
Read moreDetailsSenate approves N70,000 minimum wage bill
Business a.m. The senate has officially approved a bill that seeks to amend the National Minimum Wage Act of 2019....
Read moreDetailsHawkish MPC rate expectation, but Afrinvest, Uwaleke, Yusuf vote ‘HOLD’
CBN conventional inflation tool failing Aggressive rate hike taking toll on production Monetary policy instrument overstretched But 25bps to...
Read moreDetailsTinubu’s sneaky FX windfall tax unsettles Nigerian banks
ONOME AMUGE IN LAGOS, NIGERIA Faced with a persistent fiscal shortfall, the Nigerian government has devised a daring strategy to...
Read moreDetailsTech failure ground airlines, banks, media as outage ripples across globe
Business a.m. A worldwide technological breakdown on Friday brought flights to a halt, crippled banking and healthcare systems, and silenced...
Read moreDetailsNigeria taps AfCFTA Guided Trade Initiative to fuel economic growth, continental leadershipÂ
Business a.m. Doris Uzoka-Anite, minister of industry, trade, and investment; George Akume, secretary to the government of the federation; and...
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Oyedele and the challenge of Nigeria’s fiscal reform