April 21
Nigeria: The Implications of Naira's Unprecedented Rally
Unprecedented, yes! Never has the naira made such a comeback against global currencies - especially the US dollar - as it has in recent times. Read more »
April 22
Nigeria: Nigeria Eyes $2.25bn World Bank Loan At 1% Interest Rate
"It is virtually a grant. It is for about 40 years, ten years moratorium and about 1 per cent interest. So that also is part of the flow you can count," an official said. Read more »
April 21
Nigeria: It's Official - First Bank Confirms Alebiosu As Acting CEO
PREMIUM TIMES reported the appointment of Mr Alebiosu following the surprised resignation of Adesola Adeduntan Read more »
Nigeria: First Bank Appoints New MD/CEO
Mr Alebiosu takes the crown from Adesola Adeduntan, who gave up the role abruptly on Saturday even though he was due to complete his tenure in December. Read more »
Nigeria: Meet the Man Who Will Succeed Adeduntan As First Bank CEO
Segun Alebiosu began his professional career in 1991 with Oceanic Bank Plc and joined FirstBank in 2016. Read more »
April 19
Nigeria: Energy Expert Advises Governors to Domesticate Electricity Act
The energy expert advised governors to domesticate the electricity law and make tax break offers to encourage private sector investment in their states. Read more »
Nigeria: Nestle Reacts to Allegation of Adding Sugar to Infant Formulas in Nigeria
The reaction is contained in a statement issued on Thursday and shared with PREMIUM TIMES by the company's Head of Corporate Communications, Victoria Uwadoka. Read more »
Nigeria: Dangote's Bid to Merge Sugar, Salt, Rice Businesses Hits Brick Wall
The suspension "centred around the current non-operational status of Dangote Rice Limited" by the Securities and Exchange Commission (SEC), Nascon Allied Industries said. Read more »
April 18
Nigeria: Four in 10 Nigerian Children Trapped in Child Labour - NBS
"Stakeholders cannot ignore the urgency to act decisively to safeguard the rights and restore the childhood of the children trapped in child labour," ILO Country Director Vanessa… Read more »
April 17
Nigeria: Grid Collapse - TCN Deploys Generation Loss Detection System
"This new innovation stands as a testament to the company's commitment to advancing grid management capabilities," Ms Mbah said. Read more »
April 18
Nigeria: Naira Gains At Official Market Amidst Depleting Reserve
Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072.74 against N1,148.14 recorded in the previous market session on Tuesday. Read more »
April 17
Africa: World Bank, AfDB Partner to Connect 300 Million Africans to Electricity By 2030
The bank said 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job… Read more »
Nigeria: FG Suspends Mining Activities Within Obafemi Awolowo University, Environs
Mr Bamire, a professor, expressed gratitude to the minister for the audience, highlighting the capacity of the university to play an active role in exploration, research, and other… Read more »
Nigeria: Nigerian Breweries to Shut Down Two Plants
Job cuts are a strong possibility among the "operational efficiency measures" to be adopted by the company in the days ahead Read more »
April 16
Nigeria: FG Launches National Single Window Project for Enhanced Trade Efficiency
The project is designed to reduce clearance times, improve economic metrics, increase transparency, and minimise trade costs Read more »
April 17
Africa: G-24 Calls for Increased Financing for Developing Nations Battling Inflation, High Debts
The bloc called for increased channeling of Special Drawing Rights (SDR) from donor countries to needy countries Read more »
April 16
Nigeria: Lagos to Extend Blue Rail Line to Ogun - Official
Lagos and Ogun state governments are holding talks over the proposed extension of the Blue Rail Line, according to an official. Read more »
April 17
Nigeria: Dangote Refinery Announces Reduction in Price of Diesel
The company said the significant reduction in the price of diesel is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in… Read more »
April 16
Nigeria: Reps Issue Ultimatum Over N45bn Alleged Unremitted Funds
The Fiscal Responsibility Commission (FRC) had brought the case before the House of Representatives, accusing the Securities and Exchange Commission (SEC) of not responding to its… Read more »
Nigeria: As Naira Gains in Forex Markets, Inflationary Pressures Persist
Despite a significant appreciation recorded in the value of the naira in recent weeks, the impacts on the prices of goods and services are yet to be felt by Nigerians Read more »
April 15
Nigeria: Nigeria's Inflation Hits 33.20 Percent Amid High Food Prices
The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis Read more »
Nigeria: Blackout - Collapse Grid Fully Restored - TCN
The collapse of the national grid on Monday morning was caused by a fire incident at the Afam power generating station, leading to a sudden generation loss of 25 MW and 305 MW,… Read more »
April 13
Nigeria: We'll Continue Promoting Distance Learning to Improve Access to Education - Tinubu
Mr Tinubu gave the assurance at the 13th Convocation and Investiture of the third Chancellor of the National Open University of Nigeria (NOUN). Read more »
Nigeria: Ikeja Electric Announces Additional Band a Feeders
The company said the additional feeder brings its total from 51 to 85 Read more »
April 15
Nigeria: 19 Killed in Oyo-Ogbomoso Road Crash - FRSC
FRSC says the road crash occurred at about 07:45 a.m. was due to route violation, referred to in local parlance as 'One Way'. Read more »