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Economy

Expections,Challenges as Tinubu Names Olatunji Bello CEO of FCCPC

In a move aimed at enhancing consumer protection and promoting fair competition, President Bola Tinubu has appointed Mr. Olatunji Bello as the Chief Executive Officer (CEO) of the Federal Competition and Consumer Protection Commission (FCCPC). Ajuri Ngelale, Special Adviser to…

Abuja’s Business Climate Suffers Amidst Rising Security Concerns

Recent findings by an Africa-focused market/security intel gathering and strategic consulting firm, SBM Intelligence, have cast a spotlight on the escalating security issues in Nigeria’s capital, Abuja, and their adverse impact on the city’s commercial activities. The report indicates a…

Governor Ododo Spearheads Major Roadworks in Kogi State

Kogi State is set to witness a major transformation as Governor Alhaji Ahmed Usman Ododo greenlights the refurbishment of eight pivotal roads throughout the region. This initiative is part of the governor’s pledge to enhance the state’s infrastructure and connectivity,…

$184 Million Repatriation Showcases Multichoice’s Strategic Financial Mastery Amidst Economic Headwinds

In an impressive display of financial acumen, Multichoice Group has orchestrated a significant capital movement by repatriating $184 million out of Nigeria within the last financial year, ending March 2024. This strategic transfer is a testament to the company’s robust…

Navigating Troubled Waters: Nigeria’s Economic Hardship Intensifies Under President Tinubu’s Watch

As Nigeria grapples with escalating economic challenges, President Bola Tinubu’s administration finds itself under intense scrutiny. The bold reforms introduced—while aimed at stabilizing and strengthening the economy—have inadvertently led to a period of significant hardship for the Nigerian populace. The…

Demand Deserved National Living Wage Amid Economic Challenges – CNPP Urges Nigerian Workers

The Conference of Nigeria Political Parties (CNPP) has said that it stands resolute in its commitment to championing the rights and welfare of Nigerian workers and the oppressed citizens irrespective of political view or other affiliations. In a statement signed…

Finally, TCN Restores Bulk Power To Vandalised Jos-Gombe  330kV Transmission Line

Finally, the Transmission Company of Nigeria (TCN) has restored the vandalised Jos-Gombe 330kV Single Circuit Transmission line supplying bulk power to North East. . Bulk supply was restored through the line, yesterday, 4th of June, 2024, at about 9:37 pm….

Revealed! Tinubu’s Government To N5.4trn Oil Subsidy in 2024

Despite several denials, President Bola Ahmed Tinubu government has concluded plans to spend up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies. The revelation…

Nationwide Strike Grounds Nigerian Economy: Airports, Electricity, and Government Offices Shut Down

As a nationwide strike initiated by labor unions, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) began in Nigeria on Monday, June 3, 2024, there has been significant repercussions across various sectors of the country’s already…

BREAKING Striking Workers Deliberately Shut Down National Grid Indefinitely

The Transmission Company of Nigeria (TCN) hereby informs the general public that the Labour Union has shut down the national grid, resulting in black out nationwide. The national grid shut down occured at about 2.19am this morning, 3rd June 2024….