President Tinubu’s Nation Address: Economic Reforms and Commitment to Citizen Welfare
President Bola Ahmed Tinubu addressed the nation, assuring Nigerian workers of an upcoming salary review to improve their welfare amidst…
Month: August 2023
Central Bank of Nigeria Exempts Microfinance and Primary Mortgage Banks from Cash Withdrawal Limits
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks that provide banking…
Nigeria’s External Reserves Drop by $167.2m in July as Naira Weakens
In July, Nigeria’s external reserves experienced a decline of $167.2 million, as the value of the naira depreciated against the…
Nigeria Collects $85.1m from Gas Flare Penalties, Emphasizes Flare Elimination Drive
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the total gas flare penalties collected from oil and gas companies…
Nigerian Cement Producers Face Challenges Amid Marginally Higher Profits
Three major cement-producing companies in Nigeria, including Dangote Cement, Lafarge Africa, and BUA Cement, struggled to generate a marginal 2.5%…
Nigeria Loses $15 Billion Annually to Port Congestion and Maritime Challenges
Nigeria is reportedly facing significant losses of approximately $15 billion annually due to congestion and various maritime-related issues at the…
Insecurity Threatens Crude Oil Exports, Warn Petroleum Engineers
Petroleum engineers in Nigeria have voiced concerns over the decline in crude oil exports, attributing it to the ongoing security…
Decline in Foreign Investments Impacts Nigeria’s Manufacturing Sector
Amidst an unfavorable business climate in Nigeria, foreign investments in the manufacturing sector saw a sharp decline of 51% in…