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Epileptic power supply costs Nigeria $35b yearly, says report

Nigeria’s epileptic electricity situation is costing the economy more than $35billion (about ₦48 trillion) annually, according to a new economic brief released by financial expert and Director of Arthur Group, Martins Itua. The report blamed the losses to chronic power shortages, widespread reliance on self-generated electricity, disrupted business operations, damaged equipment, and post-harvest losses across…

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China, Nigeria trade value hits N7.4tr

Nigeria-China trade value has hit N7.38 trillion as at June,  Vice-President Kashim Shettima, said Wednesday at the China-Africa Interbank Association Forum (CAIBA) 2024 in Abuja. It was organised by First Bank Plc. The vice-president, represented by the Special Adviser to the President, General Duty, Dr Aliyu Modibbo, said China remained the country’s number one trading…

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