2023, A Challenging Year for Businesses- Expert
During an interview with Daily Trust, Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’ Consultative Association (NECA), highlighted the…
Year: 2023
NIMASA Urges Shipowners to Unite for Accessing $360 Million Fund
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has called on indigenous shipowners…
Cement Prices to Drop at N3500 in 2024- BUA Chairman
BUA Chairman Abdul-Samad Rabiu recently reaffirmed his commitment to selling a bag of cement at N3500 in 2024, as promised…
Impact of Naira Devaluation: Winners and Losers Among Nigerian Companies
The liberalization of Nigeria’s foreign exchange regime in 2023, resulting in a significant devaluation of the Naira, has created a…
Naira Hits Low Against Dollar: Implications for the Nigerian Economy
The Naira reached a historic low of N1,043.09 per dollar on Wednesday due to robust demand for the greenback amidst…
Demand Amid UK’s Cost of Living
Dame Clare Moriarty, CEO of Citizens Advice, emphasized the worsening situation in UK as many individuals demand assistance in accessing…
Rail Fares to Rise by 4.9% in England
Rail fares in England are set to rise by 4.9% in March, following the government’s decision to tackle the planned…
Nigeria’s Struggle to Diversify Economy Despite Pledges
Despite governmental assurances to diversify Nigeria’s economy away from overreliance on oil exports, recent data reveals the nation remains heavily…
Dashed Hopes in Aviation for 2023- Mr Fortune Idu
The Chief Executive Officer of FCI International, Mr. Fortune Idu, characterizes the year 2023 in aviation as one of dashed…
Naira to Dollar Exchange Rate will Improve in 2024- FG
Ben Akabueze, the director-general of Nigeria’s budget office, recently expressed optimism about the Naira gaining strength in the foreign exchange…
Intra-City Bus Fares in Nigeria Decline for Second Consecutive Month Despite Rising Fuel Costs
Despite the increasing pump prices of petrol and diesel in Nigeria, intra-city bus fares dropped for the second consecutive month…
Consumer Loans in Nigeria Reach Four-Year High Amidst Rising Inflation
The demand for bank loans by consumers in Nigeria has surged to its highest level in almost four years, reaching…
Nigeria’s Water Infrastructure: NPA and Apapa LCDA Collaborate for Sustainable Supply
The Nigerian Ports Authority (NPA) has joined forces with the Apapa Local Development Council Area (LCDA) in Lagos to address…
Development Bank of Nigeria Clinches $400,000 Award for Sustainable Development Initiatives
The Development Bank of Nigeria (DBN) has achieved a significant milestone by winning the prestigious 2022 Arab Gulf Programme for…
World Bank Predicts Worsening Insecurity and Economic Hardship in Six Nigerian States
The World Bank has issued a concerning prediction, indicating that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to…
Nigerian Banking Stocks Maintain Positive Trend Amidst Market Dip
On the first trading day post-Christmas, the Nigerian Exchange Limited witnessed a decline of N139 billion in market capitalization. Despite…
The Impact of High Import Duty on Vehicle Seizures in Nigeria
The Nigeria Customs Service (NCS) has seized 533 units of vehicles with a duty paid value of N2.92 billion between…
Unlocking Cross-Border Gas Opportunities – Nigeria’s Riverside LNG Eyes Supply Deal with South Africa
In a strategic move to tap into emerging opportunities in the gas market, Nigeria-based gas production firm, Riverside LNG, is…
World Bank Disburses $1.45 Billion to Nigeria from States Fiscal Transparency Program”
In a significant financial development, the World Bank has announced the disbursement of $1.45 billion to Nigeria as part of…
Experts Predict Further Increase in Nigeria’s Public Debt Following Modest Rise in Q3 2023
Nigeria’s total public debt is expected to experience a notable upward trajectory, as it increased by 0.61% quarter-on-quarter (QoQ), rising…
Central Bank of Nigeria Reassures Public on Safety of Funds Amid Speculations
The Central Bank of Nigeria (CBN) has affirmed the safety of funds in Nigerian banks, reassuring the public about the…
Intercity Bus Travel Costs Surge by 61.27% in November, Says NBS Report
The National Bureau of Statistics (NBS) reported a significant surge of 61.27% in the costs of intercity bus travel in…
Inflation in Nigeria Spurs 60% of Consumers to Switch Brands, Says NielsenIQ Study
According to a study by NielsenIQ titled “NIQ H1 State of the Nation: Nigeria,” 60% of Nigerian consumers have responded…
Licensed Customs Agents in Nigeria Seek Alternative Businesses Amid Rising Clearing Costs
Licensed customs agents in Nigeria are facing challenges due to the high cost of clearing goods, prompting some to explore…
Nigerian Civil Aviation Authority Lauds Former Spokesperson for Outstanding Service
The acting Director-General of the Nigerian Civil Aviation Authority (NCAA), Captain Chris Najomo, has commended the former General Manager of…
Riverside LNG in Talks to Supply Gas to South Africa, Making History for Nigeria
Nigeria-based Riverside LNG is in discussions to supply gas to South Africa, marking a potential historic deal between the two…
Underinvestment and Crude Theft Impede Nigeria’s 2023 Energy Gains
Challenges such as chronic underinvestment and rampant crude oil theft are hindering Nigeria’s oil and gas industry in 2023. Despite…
Tropical General Investment Group Denies Wrongdoing in Union Bank Acquisition
Tropical General Investment Group, the majority owner of Titan Trust and Union Banks, has refuted allegations of wrongdoing in the…
NANTA Welcomes FCCPC’s Plan to Investigate Airfare Pricing
The President of the National Association of Nigerian Travel Agencies (NANTA), Mrs. Susan Akporiaye, has expressed appreciation for the Federal…
Sierra Leone Awards Six Offshore Oil Blocks to Folorunso Alakija’s F.A. Oil Ltd
The Government of Sierra Leone has reportedly awarded six offshore oil blocks to F. A. Oil Ltd, a company owned…