Our reporter/ The National Bureau of Statistics (NBS) says Nigeria’s unemployment rate increased in the third quarter (Q3) of 2023 to 5.0 percent. This represents an increase of 0.8 percent…
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Category: Business
Dangote cement trucks wrongfully intercepted in Adamawa
…We don’t need to export to Cameroun where we have an existing cement plant The management of Dangote Cement Plc has stated that two of its trucks that were wrongly…
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DisCos rations as Nigeria records 15,938MW power generation deficit
Power Distribution Companies (DisCos) have resorted to rationing as data revealed that Nigeria is currently experiencing almost 16, 000megawatts power deficit despite having so far; issued generation licenses to 40…
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Climate Change: NNPC Ltd/Total Energies JV achieves zero gas flare
In pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration, the NNPC Ltd/TotalEnergies Joint Venture has achieved…
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FX Crisis: CBN stops cash payment of BTA, bars foreign firms from repatriating 100% FX proceeds
Our reporter/ The Central Bank of Nigeria (CBN) on Thursday announced that Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash. The Director…
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