Guinness, Nestle and Others Face N472.3 Billion Loss Due to Naira Depreciation
Major consumer goods companies, including Cadbury, Guinness Nigeria, and Nestle, faced a collective loss of N472.3 billion due to naira…
Author: ayotilewa
Premium Smartphone Market Set to Reach Record Sales- Reports
The global premium smartphone market, featuring devices with a wholesale price of $600 or more, is projected to grow by…
Challenges in Facility Maintenance for Healthcare and Tertiary Education in Nigeria- AFMPN
Facility maintenance in Nigeria’s healthcare and tertiary education sectors is facing significant challenges, according to Paul Erubami, the President of…
Nigeria Launches Automated Passport Application System
“”Nigeria is set to launch a highly anticipated reform with the automation of the passport application and issuance process starting…
3 Million Bank Accounts at Risk: Deadline Approaches for BVN/NIN Linkage- CBN
“Millions of bank accounts face the risk of being blocked as the deadline approaches for linking them to either a…
Nigeria’s Public Debt to Surge to N95trn in Ten Years
“Nigeria’s public debt is set to see an over eightfold increase in the next decade, surging to about N95trn. Including…
Inflation Challenges Nigeria’s Economy: Affects Energy Costs and Others
Nigeria faced economic challenges in 2023, with a sharp rise in inflation to 28.9% and soaring energy costs. President Bola…
National Assembly Probe Crude Oil Theft, Raises Concerns
The National Assembly is once again investigating the persistent problem of crude oil theft, a challenge that has not been…
No Immediate Increase in Petrol Prices- NNPC
The Nigerian National Petroleum Company (NNPC) Limited has assured the public that there won’t be an immediate increase in the…
Nigerian Air Force Shifts Zonal Attitude Test to January 13
The Nigerian Air Force (NAF) has announced the postponement of its zonal attitude test for Trades and Non-Tradesmen/women to January…
ON FUEL PRICE: PETROAN Nears Partnership with Offshore Refineries
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) is in advanced talks with four offshore refineries to supply…
Price of Local Rice increases by 73.2% in one Year
The price of local rice in Nigeria has surged by 73.2% in one year, reaching between N55,000 and N60,000 for…
Naira Faces Decline, Closes Above N1,000/$: World Bank Urges Increased FX Supply for Stability
The naira, Nigeria’s currency, closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange window, marking a 4.72%…
Obasanjo Warns of Debt Trap for Africa as Nigeria’s Public Debt Hits N87.91tn
Former President Olusegun Obasanjo has expressed concern that Nigeria and other African countries may face challenges in securing debt relief…
DVCF Oil & Gas Plc Sells TIP Shares Worth N10.131m
DVCF Oil & Gas Plc, a significant shareholder in waste management and industrial cleaning company has sold 9,468,900 units of…
“Nigerdock Partners with UNIDO, Boost Green Energy Adoption and Foreign Investments in Nigeria”
Nigerdock, the promoters of Snake Island Integrated Free Zone, have highlighted that their partnership with the United Nations Industrial Development…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented by the Independent Petroleum Marketers…
Nigeria Borrows $1.71 Billion: Impact on Exchange Rates
In the first nine months of 2023, Nigeria secured $1.71 billion in foreign loans to enhance the country’s foreign exchange…
NAFDAC Reduces Licencing Fees to N44, 200
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced a significant reduction in processing fees for…
SON Intensifies Fight Against Substandard Goods: A Commitment to Quality
The Standards Organisation of Nigeria (SON) is ramping up efforts in the battle against fake and substandard goods across the…
Pledge to Boost Agriculture and Trade for Economic Growth- Ekiti State’s Gov.
In a New Year statewide broadcast, Ekiti State Governor, Mr. Biodun Oyebanji, affirmed his administration’s commitment to partnering with the…
Niger State Governor Seals TGI’s Partnership Over Food Security
In a significant move to bolster food security and stimulate economic growth, Governor Mohammed Umaru Bago of Niger State has…
Assessing Nigeria’s Economic Performance in 2023: A Year of Challenges and Reforms
The Nigerian economy faced a challenging year in 2023, marked by a notable decline compared to the previous year. The…
Bitcoin Surges Above $45,000 in New Year Rally
Bitcoin made a strong start to the New Year by surpassing $45,000 on Tuesday, marking its highest point since April…
BYD Produced 3 Million New Energy Vehicles in 2023, Challenging Tesla’s Dominance
Chinese electric car giant BYD announced on Monday that it produced over 3 million new energy vehicles in 2023, setting…
Tensions in Red Sea Elevate Oil Prices in Iran
Oil prices surged on Tuesday as Iran deployed a warship to the Red Sea amidst ongoing tensions in this crucial…
Global Regulatory Landscape for Cryptocurrencies in 2023
In 2023, regulators worldwide, including those in Europe and Asia, intensified their efforts to establish formal laws governing digital currencies.…