Only six of the 58 licensed automobile assembly plants in the country are still operational.
The situation has been blamed on challenges such as the non-availability of foreign exchange to bring in machinery from the ...
Month: August 2022
Foreign investment outflow on NGX rises to N122.96bn in six months – Report
Foreign investment outflow on the Nigerian Exchange Limited (NGX) increased to N122.97billion in the first half (H1) of 2022. This ...
NDIC cautions against investments with illegal fund managers
The Nigeria Deposit Insurance Corporation (NDIC) has warned the public about the high risk associated with investing funds with illegal ...
70 CSOs seek Emefiele’s sack, reject 5% telecoms tax
A coalition of over 70 Civil Society Organisations (CSOs), the Nigeria Civil Society Situation Room, has called for the immediate ...
Fundamental rights: Abuja court fixes Sept 19 for judgement on Sheikh Abduljabbar’s suit
A Federal High Court, Abuja, has fixed September 19 for judgment in a fundamental rights enforcement suit filed by the ...
Banking stocks, others boost equity market by 1.35%
Investors at the Nigerian stock market gained N364.39 billion, following the rise in equity capitalisation by 1.35 per cent on ...
FCT demolishes illegal structures in Kuje
Some occupants of illegal structures and shanties in Kuje Area Council have been rendered homeless following the demolition of their ...
Somalia appoints al Shabaab co-founder as religion minister
Somali Prime Minister Hamza Abdi Barre on Tuesday named a co-founder and spokesman of the Islamist al Shabaab as minister ...
Blashphemy: Sokoto panel on Deborah’s murder submits report
Governor Aminu Waziri Tambuwal on Tuesday received a report on the murder of a female student of Shehu Shagari College ...
Survival fund: FG says N66bn disbursed to 1.2m MSMEs
The Federal Government on Tuesday said it disbursed N66 billion to 1.2 million Nigerians under its Micro Small and Medium ...