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GenCos Slam NLC Over Extortion Allegations
The Association of Power Generation Companies (APGC) has issued a scathing rebuttal against the President of the Nigeria Labour Congress (NLC), Joe Ajaero, over allegations of "institutionalized extortion" and "phantom subsidies" within the power sector. In a statement titled “Stop Victimizing The GenCos,” APGC Chief Executive...
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Productive Sectors Crippled as Lending Rates Hit 60% Ceiling
Nigeria’s manufacturing and agricultural sectors are facing a severe existential threat as maximum lending rates have skyrocketed to as high...
Inclusive Forex Access Key to Unlocking Regional Trade Potential, Says CBN
The Central Bank of Nigeria (CBN) has identified the democratization of foreign exchange (forex) access as the critical lever for...
Food Prices Reduce Impacting Inflation, But Citizens Report Mixed Realities
In a development that has stunned market analysts and policymakers alike, Nigeria’s headline inflation rate plunged to 15.10% in January...
Nigeria Secures Strategic Lead in Africa’s Monetary Integration
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hailed the African Union’s (AU) decision to grant...
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Food Prices Reduce Impacting Inflation, But Citizens Report Mixed Realities
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Ministry Director Arraigned Over Money Laundering Charges
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Inclusive Forex Access Key to Unlocking Regional Trade Potential, Says CBN
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Peter Obi Slams Tinubu Administration Over N10bn Plan to Exit National Grid for Aso Villa
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End of Paper: NIMC Sets Digital Ultimatum
Technology
Saudi AI Firm Commits Three Billion Dollars to xAI Growth
Elon Musk’s artificial intelligence company, xAI, has secured a substantial $3 billion investment from...
