The Abia state governor, Alex Otti, has announced plans to begin the gradual payment of 20-year gratuity to pensioners, setting aside N60 billion for the scheme.
The Abia state governor, Alex Otti, has announced plans to begin the gradual payment of 20-year gratuity to pensioners, setting aside N60 billion for the scheme.
The Nigerian government has secured a $500 million loan from the World Bank to boost the electricity sector and improve DisCos' performance nationwide.
EU members got their first chance on Friday to debate the bloc's two-trillion-euro budget bazooka, laying bare divisions among the 27 capitals over the spending plans for 2028-2034. At least 300 billion euros would be dedicated to support farmers in the next budget, but some funding would move to other spending columns.
Nigerian port roads are often gridlocked due to delays in cargo clearance, so the Customs Service introduced the B'Odogwu system to clear goods withiin 2 hours.
The G20 nations stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. "Central bank independence is crucial to achieving this goal," said the statement, a rare consensus also signed by the United States.
The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports.
Players line up inside Nintendo's booth at a Japanese game fair to try upcoming Switch 2 titles, but, for once, the company's chirpy red-capped mascot Mario is nowhere to be seen.
The official foreign exchange window and the parallel market have finally converged to less than N2 as the naira depreciated to N1,533.11 and N1,532, respectively.
A total of 30 stocks performed impressively in the trading session, making investors richer at the end of the day. The major cement manufacturers topped the list.
Nigeria's headline inflation has dropped from 22.97% in May to 22.22% in June, representing a 0.75 per cent decline, with some states recording low inflation.
Economy
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