Ete Community, Ikot Abasi Local Government Area of Akwa Ibom State has thrown into total darkness following destruction of an electricity by vandals. TCN spokesperson, Ndidi Mbah, disclosed this in a statement on Wednesday. According to her, the Tower T35 along the Eket-Ikot Abasi 132 kV Transmission Line collapsed on October 12 as a result […] More
The naira dipped for the third consecutive day as it closed trading on Wednesday at N1,473.29/$. From the start of the week, the Nigerian currency had struggled against the American dollar at the official Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria indicated. It started the week at 1,457.51/$, weakened to 1,463.23/$ […] More
Nigeria’s economy is entering a new phase as the Central Bank cuts interest rates for the first time since 2020, signalling confidence in slowing inflation and relative exchange rate stability. SAMI TUNJI explores how the modest rate cut is symbolic, and lasting growth will depend on consistent reforms, stronger fiscal alignment, and sustained non-oil sector […] More