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Here are the top 10 stories throughout the country. 1. Analysis: How the Nigerian Electric System Condensing Poverty, Hampers Productivity For the third year in a row, the World Bank ranks Nigeria as a country with the poorest electricity access with more than 86 million Nigerians who live in the dark. Read more 2. The economy shows stability, but the …

The Nigerian equity market fell further on Thursday because investors lost the N781 billion at the close of trading that day. This follows the decline in the price price of the University Press PLC, International Energy Insurance, and Thomas Wyatt PLC, among others, on the trading floor. The Benchmark All-Share Index (ASI) fell to 140,332.44 points from 141,566.30 points recorded …

When Nigeria introduced service -based electricity tariffs in 2020, its mission was clear: to increase equality in electricity tariffs. Five years later, the evidence shows that this system cannot provide stable and affordable electricity, has a negative impact on productivity, and deepens poverty for 86.8 million Nigerians, more than 30 percent of the population. For the third year in a …

The Nigerian Employer Consultative Association (NECA) has warned that while the new reforms may have attracted the country’s economy to come out of the “intensive care unit,” millions of Nigerians are still staggered from inflation, weakening requests, and several taxation. This group reacted to comments by the Director General of the World Trade Organization (WTO), Ngozi Okonjo-iweala, who recently stated …

The Nigerian anti-corruption campaign has recorded a dramatic surge in the sentence over the past 15 years, with the Economic and Financial Crime Commission (EFCC) which has been securing unprecedented success in recent times. Data from SBM Intel tracking petitions, prosecutions and sentences from 2010 to 2024 shows that while the agency struggles in the early years to change the …

The African Democratic Congress (ADC) has blamed the proposal by the allocation of revenue mobilization and the Fiscal Commission (RMAFC) to increase the salaries of political office holders, describing the step as direct insults to Nigerian people who wrestled with deteriorating economic difficulties. In a statement released on Wednesday, the Secretary of the National Publication of the Party, Mallam Bolaji …

Here are the top 10 stories throughout the country. 1. ADC rejects the proposed salary increase for political office holders, moving calls “insensitive” The African Democratic Congress (ADC) has blamed the proposal by the allocation of revenue mobilization and the Fiscal Commission (RMAFC) to increase the salary of political position holders, describing the step as direct insults to Nigerians who …

The Nigerian equity market fell further on Wednesday because investors lost the N713 billion at the close of trading that day. This follows the decline in the stock price of Guinness Nigeria PLC, CONOIL PLC, and Consolidation of PLC Hallmarks, among others, on the trading floor. The Benchmark All-Share Index (ASI) decreased to 141,566.30 points from 142,613.47 points recorded on …

The Federal High Court in Abuja has ordered a temporary freezing of four bank accounts owned by the Director of Past Group Implementation immediately from the Nigeria National Petroleum Company Limited (NNPCL), Mr. Mele Kyari. Judge Emeka Nwite gave an order on Tuesday after the Ex Parte application submitted by the Economic and Financial Crime Commission (EFCC). The Anti-Corruption Agency …

Here are the top 10 stories throughout the country. 1. The Government Forum launched the ‘Investopedia’ platform to display investment opportunities The Nigerian Governor Forum (NGF) on Tuesday launched Investopedia, a new investment platform aimed at opening capital, increasing work, accelerating infrastructure development, and stimulating economic growth throughout the country. Read more 2. Peter Obi warned the Nigerians against the …