Agency Report The Nigerian Railway Corporation generated N1.07bn as revenue from passengers in Q4 of 2023, the National Bureau of Statistics has said. According to News Agency of Nigeria, this is contained... Read more »

Damilola Aina and Dare Olawin Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report... Read more »

By Babajide Komolafe, Economy Editor, Peter Egwuatu & Nkiru Nnorom As bankers begin from tomorrow to strategise on how to meet the new capital structure prescribed by the Central Bank of Nigeria,... Read more »

By Damilola Aina In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to... Read more »

By Justice Okamgba, Princess Etuk Foreign airlines operating in Nigeria have begun to unblock their low-priced fares on Nigerian routes as the Central Bank of Nigeria completes the payment of about $7bn... Read more »

By Edidiong Ikpoto Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, according to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. The minister stated this... Read more »

By Adetutu Sobowale Air Peace, on Saturday, commenced its Lagos-London flight services. The commencement of the service came a month after it announced plans to begin direct flight operations to London on March 30 during... Read more »

By Daniel Adaji The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 billion into the economy over the past few days, indicating that its monetary policy efforts... Read more »

•Int’l commercial banks get N500bn as minimim•National Commercial banks N200bn•Banks given 24mths deadlineBy Babajide Komolafe, Economy Editor The top five banks have a shortfall of N1.5 trillion to meet the new minimum... Read more »