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Economy

Nigeria’s $145bn External Debt Raises Fresh Questions as Tinubu Seeks Another $7.7bn Loan

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Fresh borrowing request, costly international financing and a $5bn dollar-liquidity deal intensify concerns over debt sustainability, fiscal pressure and the country's capacity to finance...
Business

Nigeria’s Power Crisis: The Generator Has Become the Chairman, and Industry Is Paying the Price

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There is perhaps no more revealing symbol of Nigeria’s economic predicament than the generator sitting behind a manufacturing plant, hotel, hospital or neighbourhood shop....
Business

Nigeria’s Power Crisis: Barth Nnaji urges Govt to Tackle Energy Costs, Says Reliable Electricity is Key to Business Survival

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Geometric Power chairman calls for cost-reflective tariffs, private sector investment and improved gas supply, citing Aba as a model for reliable electricity delivery. Founder and...
Business

₦1.35 trillion Yearly Energy Cost, Ukabiala Advocates Smaller Emergy Strategies Amid Power Crisis

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Energy expert and Vice President, Upstream, Women in Energy Network (WIEN), Engr. Ifeoma Ukabiala, has called on Nigerian businesses to adopt smarter energy management...
Economy

Tinubu: Nigeria Shifts Borrowing to Infrastructure Investment, Targets $1trn Economy by 2030

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President Bola Ahmed Tinubu has declared that Nigeria is entering a new phase of economic transformation in which government borrowing will increasingly be directed...
Business

With N750B Bond, President Tinubu Says no Retiree Will be Forgotten

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PRESS RELEASE WITH N758BN BOND, MINIMUM PENSION GUARANTEE & PENCARE: NO RETIREE WILL BE FORGOTTEN — TINUBU President Bola Ahmed Tinubu (GCFR), has declared that no...
Business

Baraza Cooperative Society: The Story of a Ponzi Scheme That Broke Hearts in Bayelsa And The Politics Antics of Its Promoter

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By Michael Ifeanyi Oduah In 2020, Miebi Bribena, a Bayelsa-born business man conceived the idea of a multipurpose cooperative society called Baraza. The idea was to...
Business

What the US$25-billion ruling against Meta could mean for Facebook, Instagram and WhatsApp users in Nigeria & worldwide

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The central issue is whether Meta can continue to reassure billions of users about their privacy while being held accountable for how personal information...
Economy

Obasanjo Says Tinubu’s Reforms Deepened Poverty as Nigeria’s Economy Shows Mixed Signals

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Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, arguing that the sharp depreciation of the naira and the removal of petrol...
Business

Jonathan charges FG to prioritise local manufacturing to tackle unemployment

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Former President Goodluck Jonathan has called on the Federal Government to prioritise industrialisation, technical skills development and local manufacturing as strategies to address unemployment...
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