In response to several complaints raised by customers against the electricity distribution companies, the FCCPC has declared that customers should be refunded.
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Traders lament as demand for rice remains low, even as prices crash by N22,000 again
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FG waives N97 billion import duties on rice, others, predicts 18% price drop by year-end
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Nigeria’s non-oil exports reach $1.7 billion, as FG releases list of top commodities
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W. House slams Amazon over 'hostile' plan to display tariff effect on prices
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US consumer confidence hits lowest level since onset of pandemic
Empty shelves? US Treasury secretary not concerned 'at present'
US Treasury Secretary Scott Bessent said Monday he was not concerned "at present" about American stores potentially running out of items due to Donald Trump's tariffs. Asked during an interview with Fox News if he was concerned about mounting worries of empty shelves due to the tariffs, Bessent replied: "Not at present."
Analysts explain implications of Fitch's upgraded ratings for Lagos, Kaduna, two others
Analysts told Legit.ng that the improved rating is good to help the states access finances, but what they do with said funds determines if residents benefit.
Massive blackout hits Spain and Portugal
Power went out across all of Spain and Portugal on Monday, cutting cellphone and internet networks, halting trains and trapping people in elevators, officials said.
New tomato, pepper to hit Nigerian markets as NIHORT shares high-yield varieties
NIHORT is charged with carrying fruits and vegetable research to improve production in Nigeria. NIHORT has released four new varieties, promising improved yields.
India says signs deal with France for 26 Rafale fighter jets
India has signed a contract to purchase 26 Rafale fighter jets from France, New Delhi's defence ministry said Monday, with the multi-billion-dollar deal to include both single and twin-seat planes. "The governments of India and France have signed an inter-governmental agreement for the procurement of 26 Rafale Aircraft," the defence ministry said in a statement.
FG releases list of property exempted from tax, sends message to landlords, developers
When Nigerians pay their monthly rent on residential buildings, they would now be required to pay stamp duties as a tax to the government under the new law.
Experts identify security threats at Murtala Muhammed Airport, Lagos, call on FG to act quickly
The FAAN recently shut down a runway at the Murtala Muhammed Airport, Lagos, due to concerns that it could endanger take-off and landing, and compromise safety.
Italy bank merger wave heats up as Mediobanca eyes Banca Generali
Italian bank Mediobanca, itself battling to fend off a hostile takeover by a rival, announced on Monday a 6.3-billion-euro ($7.2 billion) bid to buy wealth management firm Banca Generali. Mediobanca is itself trying to fend off a hostile takeover by state-backed Banca Monte Paschi di Siena (MPS) as the Italian banking industry sees a wave of hostile bids.
China says on 'right side of history' in trade standoff with US
A top Chinese economic official on Monday said Beijing was on the "right side of history" in its gruelling trade war with the United States. Speaking in Beijing at a news conference at which officials vowed greater steps to shield China's flagging economy from the impact of the standoff, senior economic planner Zhao Chenxin said Beijing was "on the right side of history".
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