Nigeria’s Unemployment Rate Rises to 4.2% in 2023
Nigeria’s unemployment rate has experienced a slight increase, rising to 4.2% in the second quarter of 2023 from 4.1% in…
Day: December 21, 2023
Naira Falls at Official Market Despite Increased Dollar Supply
Despite a surge in dollar supply, the official foreign exchange market witnessed a depreciation of the Nigerian naira against the…
Port Harcourt Refinery Set to Commence Operations
The Port Harcourt Refinery, with a combined capacity of 210,000 barrels per day, is poised to begin operations today. The…
Flared Gas Worth N696 Billion Can Power Millions of Households
BusinessDay’s investigation reveals that Nigeria flared natural gas estimated at N696 billion within the first 11 months of this year.…
Nigeria’s Total Debt Rises Slightly, Reaches N88 Trillion
The Debt Management Office (DMO) report reveals a slight increase in Nigeria’s total public debt, reaching N87.91 trillion at the…
Maka Secures $2.65M Seed Funding to Drive Fashion and Beauty E-commerce Expansion in Africa
African fashion and beauty e-commerce platform, Maka, has successfully raised $2.65 million in seed funding led by Pan-African venture capital…
TotalEnergies Commits $6 Billion Investment in Nigeria for Offshore Oil and Gas Projects
TotalEnergies, the French multinational integrated energy and petroleum company, has pledged a significant investment of $6 billion in Nigeria to…
Angola Announces Exit from OPEC Amid Quota Dispute
Angola, the second-largest crude producer in Africa, has officially declared its departure from the Organization of the Petroleum Exporting Countries…
NAFDAC Director-General Highlights Challenges in the Fight Against Fake Products
Moji Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), has revealed that inadequate…