Manufacturers Attack CBN, Accuses Apex Bank Of Prioritising Financial Sector Over Real Sector
Nigerians in the manufacturing sector have accused the Central Bank of Nigeria (CBN) of prioritising the financial sector over the real sector in the manner it has been deploying its monetary policy options. Citizens in the sector under the aegis…
The Economic Importance of Date Palm: A Fruitful Investment
The date palm, scientifically known as Phoenix dactylifera, is a symbol of abundance and prosperity in many cultures around the world. This ancient tree has been cultivated for thousands of years for its sweet and nutritious fruit, as well as…
Remove Petrol, Electricity Subsidies After Taming Inflation, IMF Tells Tinubu Govt
The Federal Government of Nigeria has been urged by the International Monetary Fund (IMF) to remove the fuel and electricity subsidies when the rising inflation has been addressed. The IMF in a report titled ‘Nigeria: 2024 Article IV Consultation’ said…
Naira Rebounds Against the Dollar At Parallel Market
The Naira recovered against the United States (US) dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of…
Repositioning EFCC: Olukoyede Effects Critical Challenges, Makes New Appointments
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has appointed Mr. Michael Nzekwe as his Chief of Staff. He has also appointed Zonal Directors for each of the 14 Zonal Commands of the Commission. Nzekwe,…
10 Compelling Reasons to Embrace Insurance for a Secure Future
Introduction:Insurance is often seen as an unnecessary expense, but the reality is that it provides a safety net for unexpected events that can have a significant impact on your finances and well-being. From protecting your assets to providing peace of…
Customs Suspends 25% Penalty on Improperly Imported Vehicles
Amid economic hardship occasioned by high cost of living in Nigeria and to encourage compliance, the Nigeria Customs Service (NCS) at the weekend announced that the federal government has approved the suspension of the 25 percent penalty previously imposed in…
TCN Expands Regional Capacity, Increases Capacity of Port Harcourt Main Substation with 100MVA Transformer
In a bid to boosts regional capacity, the Transmission Company of Nigeria (TCN) has commissioned a 100MVA 132/33kV power transformer at its Port Harcourt Main Substation, enhancing the bulk transmission capability of the substation by 80MW. This initiative, which is…
Minister Urges Mineral-rich African Countries To Use Reserves As Equity To Avoid Impoverishing Debt Trap
The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people….
TCN Suffers Another System Sabotage, Shiroro-Katampe Transmission Line Vandalised
Less than two weeks after its Tower 70 along its 330kV Gwagwalade – Katampe Transmission line was vandalised, the Transmission Company of Nigeria (TCN) has suffered yet another vandalism of its transmission line. This time, the company reported that one…
