Central bank restricts company transfers of oil export revenues abroad
The Central Bank of Nigeria (CBN) has decided to control the migration of export proceeds by international oil companies (IOCs)...
Business Affairs
Microsoft to expand its AI infrastructure in Spain with $2.1 billion investment
U.S. software giant Microsoft will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion...
MOFI sets aside N100bn to boost investments drive
By Uzezi Samuel In a bid to drive investments in Nigeria, the Ministry of Finance Incorporated (MOFI) on Tuesday said...
Some elements sabotaging our efforts – Shettima
By Omeiza Bilal The Vice President, Kashim Shettima has said some elements are sabotaging the Federal Government’s effort to stabilize...
Encroachment: FCT minister orders demolition of illegal settlements in Abuja technology village site
By Omeiza Bilal Minister of the Federal Capital Territory (FCT), Barrister Nyesom Wike has said that the FCT administration will...
Diesel price stands at N1153 in January 2024 – NBS
By Uzezi Samuel The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased...
Energy security’s critical in wealth creation
By Omeiza Bilal The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says...
President working to address economic challenges, Umahi appeals to Nigerians
By Omeiza Bilal The Minister of Works, Senator David Umahi, Tuesday, assured Nigerians that President Bola Ahmed Tinubu feels their...
Cement to fall to N7,000 as FG, manufacturers agree
By Omeiza Bilal Nigerians are set to see a reduction in prices of cement as manufacturers agreed to reduce the...
Low FDIs plunges telecom sector records in 2023
By Uzezi Samuel Nigeria’s telecommunications sector recorded a steep decline in Foreign Direct Investments (FDIs) in 2023 as capital importation...
