Nigeria’s FX Trade Hit N24.93trn In 5 Months
Investors have traded foreign exchange worth N24.9 trillion in five months, OduNews reports. This is against the N21.36 trillion traded...
Lagos Records 24.2M As Active Internet Subscribers Hit 145.8M In Q1’22
The Nigerian Bureau of Statistics says active internet subscriptions in Nigeria rose quarter-on-quarter (QoQ) by 2.7 per cent to 145.8...
Petrol Subsidy Rises To N2.84trn In 17 Months
The total amount paid for fuel subsidy has risen to N2.84 trillion in 17 months, OduNews reports.
FG Borrows N4.2trn From Local Investors In H1’22
The Federal Government of Nigeria borrowed N4.2 trillion from local investors within the first half of 2022, OduNews reports. This...
FG’s IPPIS Uncovers 70,000 Ghost Workers, Saves N10.2trn
The Director-General, Bureau of Public Service Reforms, Dr Dasuki Arabi, says the federal government has uncovered 70,000 ghost workers through...
IATA To Nigeria: 5G Networks May Interfere With Aircraft Landing
The International Air Transport Association has warned the Nigerian government and other countries that the deployment of 5G networks could affect the safe landing of aircraft.
Kerosene, Cooking Gas Prices Increase By 88% In One Year – NBS
The Nigerian Bureau of Statistics says the prices of kerosene and liquefied petroleum gas have increased by 88% within a year.
Railway Corporation Generates N5.07bn In 2021
The Nigerian Railway Corporation recorded a 226.44% Revenue Increase In 2021
Nigerian States To Lose N18.8bn In Oil, Gas Revenues In 2022 – World Bank
The World Bank has projected that Nigerian states will record an N18.8bn loss in oil and gas revenues in 2022.
Past Governments Neglect Of TinCan Port Responsible For Poor State – FG
Nigeria’s Minister of State for Transportation, Gbemisola Saraki, says the state of the TinCan port is a result of neglect...
IATA Projects $700m Loss For Nigerian Airlines, Others In 2022
The International Air Transport Association says Nigerian airlines and others across Africa will lose $700 million in 2022.
Stock Investors Record N767bn Loss In A Week
It was a gloomy week for investors on the floor of the Nigerian Exchange Limited last week as they recorded a N767 billion loss at the end of trading.
FG Directs DisCos To Resume Free Distribution Of Meters
The Federal Government has directed electricity distribution companies to resume the distribution of meters to consumers for free. Although the...
3 Airlines To Stop Operation Soon As Aviation Fuel Price Jumps To N714 Per Litre
Airline Operators of Nigeria (AON) said on Wednesday that over 70 airlines no longer exist in the country and three...
CBN Pumps In N21bn To Cocoa, Sesame Seed Production
The Central Bank of Nigeria says it has disbursed N21 billion to aid the production and exportation of cocoa and...
Nigeria’s Inflation Rate Hits 11-Months High At 17.71% In May
Nigeria’s inflation rate surged to 17.71% in May 2022, recording an increase from 16.82% recorded in the previous month. The...
Naira Exchanges For N607 Per Dollar At Parallel Market
Naira was quoted at N605 per dollar in the parallel market on Tuesday, OduNews reports. The figure represents a depreciation...
BREAKING: OPL 245: Nigeria Loses $1.7bn Case Against JP Morgan
A London court has ruled that Nigeria was not defrauded in the $1.7bn claim against United States bank, JP Morgan...
Lagos, Abuja Top Destination For Foreign Investors In Q1’22
32 states, including Rivers and Kano attracted zero foreign investments in the first quarter of 2022
Binance Pauses Bitcoin Withdrawal As Price Drops Below $24,000
Binance CEO Changpeng Zhao announced the temporary halt on withdrawals of bitcoin