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Economy

New tariff to reduce subsidies for 2024 by NI.14 trn-NERC

The Nigerian Electricity Regulatory Commission (NERC), says the newly approved tariff is expected to reduce subsidies for the 2024 fiscal year by about N1.14...
Economy

Naira gains 2.4% at official market

The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed...
Economy

NEMA partners UN to mitigate disaster impacts

The National Emergency Management Agency (NEMA) says its partnership with the  United Nations Office for the Coordination of Humanitarian Affair (UN-OCHA) will reduce the...
Economy

Forex alone not determinant of commodity high prices – Expert

An Economist, Dr Chijioke Ekechukwu says Foreign Exchange (Forex) is not the only determinant of high prices of goods and services. Ekechukwu, who is the...
Economy

Telecommunications union threatens strike

he Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has threatened to begin an indefinite strike on April 4. The union announced this...
Economy

New banks minimum capital requirement will strengthen financial system – Expert

A financial expert, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for raising the minimum capital requirement for Nigerian banks. Uwaleke, a...
Economy

African countries ‘ll dominate world’s 10 growing economies, says ECA

African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, Economic Commission for Africa (ECA) says in its Economic...
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