The country’s electricity grid has lost 1,062 megawatts (mw) to various constraints of gas supply shortage and turbine faults, checks on the power sector reveals.
A positive shift in the world economy in the second half of last year prompted the International Monetary Fund (IMF) to leave unchanged its projections for higher global growth in 2017 and 2018, it announced Monday.
HeritageBank has embarked on mass retrenchment of its workers with 400 staff sacked in December.
Eight Nigerian airlines delayed 32,121 (equivalent to 58%) of 54, 682 flights operated between January and December, 2016 and cancelled 1,207 flights, findings by Daily Trust have shown.
Billionaire Aliko Dangote has embarked on the establishment of a $100 million worth vehicle assembly plant project in Lagos
The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group spends huge amount on importation to distribute it’s products both locally and cross African countries.
Oxfam has published a new report today that reveals eight men that own the same wealth as the 3.
The Central Bank of Nigeria (CBN) will resume sales of dollar proceeds of international money transfer (IMT) to bureaux de change (BDCs) operators this week even as manufacturers kick against the move.