Economy

States Initiate Power Projects Amidst Tariff Hike Controversy

Lagos, Kano, and Other States to Generate Power as Tariff Hike Sparks Outrage In adherence to the Electricity Act of 2023, twelve states, including Lagos...

Dangote Petroleum Refinery’s Diesel Supply Leads to Significant Price Drop

The Dangote Petroleum Refinery has made a significant impact on the price of diesel, resulting in a notable drop in various locations across the...

Naira Strengthens Below 1,280/$ at Official and Parallel Markets

The Nigerian naira commenced the new month on a positive trajectory, with a surge in value to N1,278.58 against the US dollar. This marked an...

Nigerian Naira Strengthens to N1,309/$ as Banks Boost Dollar Supply

Over the past two weeks, the Central Bank of Nigeria, along with other banking institutions, has significantly increased the supply of dollars to the...

resident Tinubu Establishes 50-Member Economic Emergency Teams to Revitalize Economy

President Bola Tinubu took a decisive step on Wednesday by forming a 50-member Presidential Economic Coordination Council (PECC) and an Economic Management Team Emergency...

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