•Transmission line The low electricity supply witnessed in the Federal Capital Territory, FCT, has worsened with the vandalism of the Tower 70 along 330kV Gwagwalada -Katampe. Nigeria’s city of power has been witnessing frequent power cuts due to low supply to the Abuja Electricity Distribution Company (AEDC), reports Daily Trust. The situatio...
•Duty exchange rate under Tinubu The adoption of the spot foreign exchange (FX) rate in computing duty on imported commodities has thrown importers and the entire business community into a panic mode. For the first time, the Nigeria Customs Service (NCS) raised the import duty exchange twice within 24 hours on Friday under the guise […]...
Scores of middle and low line workers in Kano State have been thrown into the saturated labour market as Shoprite, one of Nigeria’s leading retail stores, announced its exit from Kano State. It was gathered that the decision to quit the famed commercial capital of Northern Nigeria may not be unconnected to unfavorable market dynamics, [&hellip...

