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UN Supports 3.6 Million Vulnerable Individuals in Nigeria’s Northeast in H1…
Matthias Schmale, the United Nations (UN) resident and humanitarian coordinator in Nigeria, announced that the UN…
Nigerian Naira Faces Challenges Amid Global Economic Factors
The Nigerian naira has encountered significant challenges in the foreign exchange market, with its value…
Senate Investigates Printing of New Naira Notes by NSPMC in 2022
The Nigerian Senate has resolved to launch an investigation into the printing of new Naira notes by the Nigerian…
Airtel Africa Reclaims Title as Most Valuable Company on Nigerian Stock Market
After more than six months, Airtel Africa Plc has regained its position as the most valuable company on the…
Navigating Economic Hardships: How Nigerians Are Adapting to Rising Costs
The removal of fuel subsidies in May has led to challenging economic conditions in Nigeria, impacting the daily…
Economic Contraction: Nigeria Sees First Business Activity Decline in Seven Months
According to the latest Purchasing Managers’ Index (PMI) report released by Stanbic IBTC Bank, business activity…
MTN Nigeria Adapts Strategies to Offset Forex Losses and Bolster Growth
Amidst foreign exchange challenges, MTN Nigeria, the country's leading telecom service provider, is proactively…
Dangote Refinery Faces Delays in Commencing Diesel and Jet Fuel Refining
Despite earlier projections, Dangote Refinery has experienced delays in initiating its diesel and jet fuel…
Lagos State Secures $1.352 Billion Investment for Key Infrastructure Projects
The Lagos State Government has successfully entered into a strategic partnership with the African Export-Import…
Nigeria Approves N2.18tn Supplementary Budget to Address Urgent National…
The Federal Government of Nigeria has greenlit a supplementary budget of N2.18tn for the fiscal year 2023. This…
Nigeria Records 5.7% Increase in Crude Oil Production for 2023
A review of industry data by THISDAY reveals that Nigeria's crude oil production has shown a 5.7% year-on-year…
Nigeria’s Push for Green Industries in the Face of Energy Transition
As the global call for energy transition gains momentum, the Nigerian federal government has announced its…
TotalEnergies’ $15 Million Investment in Host Communities: A Milestone in…
TotalEnergies, a prominent oil major, has achieved a significant milestone by fully funding its Host Community…
Nigerian Government Plans Tax Penalties and Interest Waivers to Boost Business and…
The Nigerian government is taking steps to waive tax penalties, outstanding penalties, and interest to make it…
Nigerian Oil and Gas Firms’ Debt Soars by Over 40% Due to Naira Devaluation
The debts owed by oil and gas companies to Nigerian commercial banks have surged by over 40% due to the recent…
Delay in Seplat’s ANOH Gas Processing Plant Completion Poses Challenge to…
The completion date for Seplat's ANOH Gas Processing Plant, a critical component of Nigeria's gas development…
Naira Hits All-Time Low of N993.82 per Dollar, Prompting Government Actions
The Nigerian Naira experienced a significant depreciation, reaching an all-time low of N993.82 per dollar at the…
Bloomberg: Nigerian Government Aims to Bring Dollar Rate Down to N750 by December
The Nigerian government, through the Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo…
Expert Views on MSCI’s Reclassification and Its Impact on Nigeria’s…
MSCI's reclassification of Nigeria from Frontier to Standalone Markets has raised concerns among experts. The…
National Pension Commission Introduces Framework for Additional Benefits Schemes
The National Pension Commission (PenCom) has introduced a framework for the establishment of Additional Benefits…
Nigerians Spend $340.84 Million on Foreign University Applications in H1 2023
Nigerians seeking admission to foreign universities spent approximately $340.84 million on funding their…
MSCI Reclassifies Nigeria from Frontier to Standalone Markets: Implications and…
MSCI, a renowned provider of tools and services for the global investment community, has reclassified Nigeria's…
9PSB Partners with XCHANGEBOX to Expand Agent Banking Solutions
Nigeria's digital payment service bank, 9 Payment Service Bank (9PSB), has entered a strategic partnership with…
Nigerian Stock Market Experiences Marginal Dip Following Previous Day’s Gain
The Nigerian stock market saw a slight decline of 0.02 percent, equivalent to N6 billion, on Wednesday, failing…
Nigeria’s Money Supply Grows to N66.4 Trillion Amid Inflation and Naira…
The Central Bank of Nigeria (CBN) reports an increase in Nigeria's total money supply (M2) from N65.15 trillion in…
VP Urges Capital Market Involvement in Bridging Nigeria’s Infrastructure…
The Vice President of Nigeria, Kashim Shettima, has called for active participation of capital market stakeholders…
UBA CEO Oliver Alawuba Honored with Fellowship from CIBN
Oliver Alawuba, the Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), has been…
Nigeria’s Federal Government to Forgo N12.4 Trillion in Tax Waivers and…
The Federal Government of Nigeria is set to waive tax revenues amounting to N12.4 trillion over the course of four…
Naira Plummets to ₦1,290/$1, Sparks Concerns
The Nigerian Naira has experienced a sharp decline, reaching ₦1,290 to $1 in key markets, including Abuja. This…
Nigerian Government Adjusts Port Terminal Charges and Bulk Cargo Fees
The Nigerian government, through the Nigerian Shippers Council (NSC), has made significant changes to port…