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Nigeria Faces Risk of Debt Overhang as Public Debt Surges
Nigeria's public debt has risen to N87.38 trillion in the second quarter of 2023, with additional debt from "Ways…
Nigeria’s Oil Rig Count Rises as Gains from the Petroleum Industry Act…
Nigeria has seen a notable increase in its oil rig count, rising from 17 in 2019 to 31 as of last month. The…
Key International Oil Companies Commit to Over $55 Billion Investments in…
Leading International Oil Companies (IOCs) are showing renewed interest in Nigeria's energy sector, with…
Nigerian Government Aims to Boost Fintech Funding through Improved Regulatory…
The Nigerian Ministry of Communications, Innovation, and Digital Economy plans to create a conducive regulatory…
Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to…
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his…
Naira Devaluation Boosts Crypto Transactions to $56.7 Billion Despite CBN Ban
A report by Chainalysis reveals that the devaluation of the Naira in 2022 led to a year-on-year surge in crypto…
Nigerian Electricity Regulatory Commission Orders DisCos to Reimburse Meter…
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to…
Fidson Healthcare Reports Strong Financial Performance in 2022, Declares Increased…
Fidson Healthcare Plc, an indigenous pharmaceutical manufacturer, has posted impressive financial results for the…
Central Bank of Nigeria Introduces Online Platform for Microfinance Bank License…
The Central Bank of Nigeria (CBN) has introduced the CBN Licensing, Approval and Other Requests Portal (CBN LARP)…
Delisting of Major Companies to Reduce NGX Capitalization by Over N205 Billion
The planned delisting of prominent companies including GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc,…
Nigerian Equities Market Records Slight Decline, Losing N13 Billion
Nigeria's stock market experienced a marginal dip, with a 0.03% decrease equivalent to N13 billion in market…
President Bola Tinubu Advocates for Africa’s Prosperity and Sovereignty at…
In his debut speech at the 78th United Nations General Assembly, President Bola Tinubu of Nigeria highlighted…
Nigerian Trade Unions Threaten Strike Action Amid Unresolved Demands
The Trade Union Congress of Nigeria (TUC) has issued a one-week ultimatum to the Federal Government, warning of…
Nigeria’s Solid Minerals Sector Falls Short of Trillion Naira Revenue Mark…
Despite being rich in 44 different types of commercially viable minerals, Nigeria's solid minerals sector failed…
U.S. judge orders Chicago State Uni to release all documents on Tinubu
Judge Jeffrey Gilbert of the Northern District of Illinois Court in the United States has ordered the management…
New Central Bank Governor Faces Economic Challenges in Nigeria
The incoming governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will take office amidst significant…
FAAC Investigates NNPC’s Handling of NLNG Profits
The Federation Account Allocation Committee (FAAC) has launched an investigation into the actions of the Nigerian…
Nigeria’s 5G Subscriptions Reach 500,000, Broadband Coverage Target Set at…
The Nigerian Communications Commission (NCC) announced that subscriptions to 5G services in Nigeria have reached…
President Bola Ahmed Tinubu to Ring NASDAQ Closing Bell in New York
President Bola Ahmed Tinubu of Nigeria is set to ring the Closing Bell of NASDAQ in New York, United States, as…
U.S. Treasury Deputy Secretary Outlines Four Economic Reform Priorities for…
The U.S. Deputy Secretary of the Treasury, Mr. Wally Adeyemo, has highlighted four economic reform priorities for…
SEC Projects Non-Interest Market Value to Reach N5 Trillion Within Two Years
The Securities and Exchange Commission (SEC) has stated that the market value of non-interest products in Nigeria…
CBN Warns International Money Transfer Operators Against Sharp Practices
The Central Bank of Nigeria (CBN) has issued a warning to International Money Transfer Operators (IMTOs) regarding…
Federal Government Reopens D Wing of Old International Terminal at Lagos Airport
The Federal Government has officially reopened the D Wing of the old international terminal at the Murtala…
Suspended Central Bank Governor Godwin Emefiele Resigns, Clearing the Way for New…
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria, reportedly resigned from his post last…
Nigerian National Petroleum Company Limited Reports N18.4 Billion Profit in Q1…
The Nigerian National Petroleum Company Limited (NNPCL) announced a profit of N18.4 billion in the first quarter…
Nigeria’s Inflation Rises to 25.80% in August, Food Prices Surge
In August 2023, Nigeria's inflation rate surged to 25.80% from 24.08% in July, according to the National Bureau of…
Nigeria’s Currency in Circulation Reaches Highest Level in 2023 Amid Rising…
The Central Bank of Nigeria (CBN) reported that currency in circulation in Nigeria increased to N2.66 trillion in…
NNPC and Indorama Sign MOU for $18 Billion Hydrocarbon Exploration Deal
The Nigerian National Petroleum Company Limited (NNPCL) and Indorama Eleme Petrochemicals Limited have entered…
Nigeria’s Telecom Sector Relies Heavily on Imports, New Report Reveals
A recent report from the Nigerian Communications Commission (NCC) highlights that a significant 84% of equipment…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress…