The high level of inflation in the country will worsen the misery of Nigerian households and ultimately lead to greater poverty in the country, economists have said. Earlier this week, Mr. Shubham Chaudhuri, the World Bank Country Director in Nigeria…
UBA officials dominate In December, 2021, the new board and management members of the Abuja Electricity Distribution Company (AEDC) were named to steer the operations of the company after a prolonged investors’ crisis. Although the core investors, KANN Consortium, challenged…
On the 1st of November 2013, the Federal Government of Nigeria formally handed over acquisition certificates to private sector operators, marking the privatization of core assets in the power sector. That will be eight years on Monday 1st November…
The shoemaking business is no longer for illiterates and school dropouts as graduates have joined the trade and making more money than what they would have earned in white-collar jobs. Daily Trust visited Aba, the commercial nerve centre in Abia…
Tough times have caught up with most Nigerians as they lament the rising cost of foodstuff and other commodities due to inflation. From insecurity to job losses and salary cuts, many say their purchasing power is on the decline while…
In March this year, the Federal Government said it was set to commission the 10 Megawatts to wind farm sited at Lambar Rimi area of Katsina State. The Minister of Power, Engr Sale Mamman, who announced the development via a…
The multi-billion naira Independent Power Plant (IPP) project in Kano State, which was said to have reached 95 percent completion in July 2020 and scheduled to be commissioned in October of the same year, is yet to see the light…
At least 180 Bureau De Change (BDC) operators nabbed by security operatives for alleged link to terrorism financing paid N900 million in penalties before they returned to their businesses, Daily Trust reports. This comes as BDC operators and other traders rounded up…
The Daily Trust Foundation, with support from MacArthur Foundation, has conducted a workshop on Fact-Checking and Verification. The workshop, which held at the Daily Trust Foundation Training Hall, began on Monday, May 24, 2021, and ended on Wednesday, May 26,…
A good number of Chinese are at the forefront of the ongoing massive deforestation of the remaining forests in Cross River State. It is believed that Chinese and other foreign firms, who are inducing thousands of jobless Cross River youths…
