The Nigerian government has secured a $500 million loan from the World Bank to boost the electricity sector and improve DisCos' performance nationwide.
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Traders increase price of rice, beans, Eggs across markets
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G20 nations agree central bank independence 'crucial'
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Nigerians react as Anambra releases state's highest taxpayers to counter Peter Obi
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Diesel prices increased in Nigeria as report lists 10 African countries with the highest prices
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Naira nears equal exchange rate at banks and black market as oil output surges
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Trump's popularity with US voters slumps in opinion polls
US President Donald Trump's popularity has sunk since his riotous return to the White House, polls showed Wednesday, with Americans criticizing him on key issues of the economy and immigration. Results also show Americans losing confidence in Trump's ability to handle key issues such as the economy.
US Treasury chief says IMF, World Bank must be 'fit for purpose'
The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues. "Economic stability and growth should be the markers of the IMF's success -- not how much money the institution lends out," he said.
Naira appreciates, CBN adjusts exchange rates as dollar falls to lowest in three years
The naira rebounded on Wednesday, April 23, 2025, closing at N1,603 to a dollar from N1,606 the previous day following the crash of the US dollar to a three-year low
Another 21,000 employees to lose their jobs, as international chip manufacturer starts restructuring
In the last year, Intel has already trimmed its staff down from 124,800 to 108,900 employees. The latest layoff will shave off another 20% from the workforce.
Flights grounded in Nigerian airport as workers protest, issue one-month ultimatum
In addition to the indefinite strike which commenced at midnight on tuesday, the workers at the Mallam Aminu Kano International Airport have issued an ultimatum.
Dealers sell rice, beans, other food items at new rates as FG’s import waiver crashes prices
The Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has explained that the N95trn Customs duty waivers was responsible for crash in food prices
200 French media groups sue Meta over 'unlawful' advertising: lawyers
Around 200 French media groups, including leading television channels and newspapers, are taking legal action against Meta, the owner of Facebook and Instagram, over its online advertising practices, their lawyers announced on Wednesday.
Boeing says China not accepting planes over US tariffs
Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. The aviation giant reported a loss of $123 million in the first quarter, smaller than the $343 million loss in the year-ago period.
FG speaks on 2024 oil bid round, denies underhanded dealings
The Federal Government has discussed the processes followed for the 2024 oil bid round, addressing allegations of underhand dealings in oil blocks allocation.
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