Economy
Blackout looms as labour plans power transmission shutdown
The Trade Union Congress has asked Nigerians to look for alternative power source beginning from Monday (today), as it declared...
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No monies Missing, Stolen in CBN
The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations...
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Total blackout in Abuja, others as power grid collapses
There was a total blackout in Abuja and neighbouring states for several hours on Thursday following the collapse of the...
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Chinese banks commit $1.902bn to Nigerian port, railway projects
Two Chinese banks –Export-Import Bank of China and the China Development Bank –have committed in loans about $1.902bn into railway...
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We’re not leaving Nigeria, WEMPCO says
The Western Metal Products Company has denied reports that it is planning to close its metal products business and exit...
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LGs can’t withdraw more than N.5m cash daily from June – NFIU
The Nigeria Financial Intelligence Unit has vowed sanctions for any commercial bank which allowed transactions from any local government account...
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Banks make N124bn from e-transactions
The growing adoption and investment in financial technology has earned 11 deposit money banks about N124.5bn revenue from electronic transactions...
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19 firms shut, 250,000 jobs threatened by WEMPCO crisis
The current crisis facing the Western Metal Products Company has led to the closure of no fewer than 19 enamelware...
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20 Nigerian oil cargoes remain unsold despite price cut
About 15 to 20 cargoes of Nigerian crude oil from the April loading programme remain unsold despite the cut in...
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Railway: Amaechi accuses Chinese firm of breaching contract
Nigeria is to take delivery of 10 additional coaches that will be deployed on the Abuja-Kaduna and Lagos-Ibadan rail lines....
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