Economy

Multichoice Nigeria has formally contested a recent ruling by the Competition and Consumer Protection Tribunal (CCPT), which imposed a fine of N150 million and mandated a "free monthly subscription order" against the company. The appeal, lodged with the Court...

Minister of Women Affairs, Uju Kennedy-Ohanenye, has made startling allegations against the previous administration led by former President Muhammadu Buhari, accusing them of gross mismanagement of a $500 million World Bank loan earmarked for empowering women in Nigeria. In...

The Coalition of South East Youth Leaders (COSEYL) convened in Owerri to address the pressing issue of food scarcity in Nigeria, attributing it squarely to the dual crises of open grazing and rampant banditry plaguing the nation. President General...

Two Nigerian government-owned properties situated in the United Kingdom are currently facing potential acquisition by a Chinese investor, Zhongshan Fucheng Industrial Investment. This follows a recent legal ruling granting Zhongshan enforcement rights over a $70 million investment treaty award...

The Assistant General Secretary of the Nigeria Labour Congress (NLC), Chris Onyeka, says many state governors are flouting the Minimum Wage Act because they do not believe in sanctity of the law. Onyeka gave the position in Abuja on Monday...

The Federal Airports Authority of Nigeria (FAAN) has embarked on a vigorous campaign to combat the pervasive issues of touting, extortion, and other illicit activities plaguing the nation's airports. Spearheaded by Mrs. Olubunmi Kuku, the dedicated managing director of...

In a striking accusation, Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited (DIL), has alleged that International Oil Companies (IOCs) in Nigeria are actively undermining the success of the Dangote Oil Refinery and Petrochemicals. According...

he Central Bank of Nigeria (CBN) has announced a significant development in the nation's economic landscape: Nigeria’s headline month-on-month inflation rate has decreased for the third consecutive month in May 2024. This trend marks a notable success in the...

In a significant move aimed at restoring trust and stability in Nigeria's financial sector, the Nigeria Deposit Insurance Corporation (NDIC) has proudly announced the successful reimbursement of deposits from 179 microfinance banks and four primary mortgage banks across the...