Gridlock: TCN Suspends Abuja Electricity Distribution Company Over Alleged Non-compliance, Sets Disconnection Deadline
In a shocking move, the Transmission Company of Nigeria (TCN) has issued a suspension notice to Abuja Electricity Distribution Company (AEDC) over alleged non-compliance with market rules and failure to provide adequate bank guarantees. The notice, signed by Ali Bukar…
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…
$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…
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…
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…
NASCON Grows Turnover by 37%, Assures Shareholders of Continuous Growth, Value Creation
NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting held yesterday in Lagos. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni…
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…
Why Petrol Scarcity May Worsen In Coming Days – Independent Marketers Reveal
…Threaten Withdrawal Of Services Over Unpaid Debts Baring special, but urgent, intervention by President Bola Ahmed Tinubu, the current scarcity of premium motor spirit (PMS), also known as petrol, across the country may worsen in coming days if independent petrol…
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….
