The Federal Government dug in its heels on Friday, refusing to back down from the controversial 240% tariff increase for Band A electricity consumers despite widespread opposition. This move throws has made the Nigeria Labour Congress to tell the Federal Government to prepare for the consequences of the tariff hike. Subsidy axe falls on […]

Yields in the Treasury Bills market increased at a much higher rate to 17.67 percent as at March 26, 2024 from 6.29 percent at the beginning of the year. This follows the unprecedented rise in the monetary policy rate by 600 basis points so far in the year to 24.75 percent, thereby […]

Olisa Agbakoba, a senior advocate of Nigeria (SAN), has said that the Federal Government needed to put the private sector at the centre of economic development in Nigeria by withdrawing from key businesses. Agbakoba said the contributions of Aliko Dangote’s refinery to the economy since it commenced operation by crashing […]

As concerns mount that Artificial Intelligence, AI will replace certain percentage of jobs globally; policy makers in Nigeria have been tasked to proactively come out with practicable policies to mitigate consequences of the technology on employment. The urgent policy in the face of rising unemployment in Nigeria has become necessary […]

Yemisi Duduyemi is the founder & CEO, Custom Gifts & Designs Limited, one of the fastest growing gifting companies in Nigeria. In her two decades of work experience, she has exemplified herself as a thoroughbred professional and more lately blazing the trail in the world of business. Duduyemi is a […]

12 Nigerian states are forging ahead with plans for independent power projects, empowered by the Electricity Act 2023, a hopeful sign for Nigeria’s long-standing battle with insufficient electricity. This act, signed into law last June, decentralised control of electricity generation, granting states the authority to generate, transmit, and distribute power […]

The prices of gadgets have begun to fall due to the naira’s recent gain in the official and parallel windows of the foreign exchange market, according to a market survey by BusinessDay. Nigeria’s official currency has rallied in recent weeks after falling to record lows in January and February. It […]

The group managing director of Afrinvest, Ike Chioke has said that recapitalisation of banks in Nigeria will strengthen the banking sector and provide enough capital to boost the economy. Chioke made this known during the Sunrise Daily show on Channels Television on Friday morning. He stated that the recapitalisation is necessary for […]

The revenue of United Capital Plc, a financial and investment services company in Nigeria, has surged to the highest in at least eight years, data compiled by BusinessDay shows. According to the company’s latest financial statement, its revenue rose by 70.9 percent to N45.8 billion last year from N26.8 billion […]

Nigeria’s lingering foreign exchange challenge, which has driven up the prices of vehicles of all categories in the country, is changing consumer preferences in the brand-new car market. Some individual car users and companies are now embracing Chinese brands for new car needs because they are less expensive than those […]