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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.…
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…
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…
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…
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…
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 a…
Naira Faces Decline, Closes Above N1,000/$: World Bank Urges Increased FX Supply…
The naira, Nigeria's currency, closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange…
Obasanjo Warns of Debt Trap for Africa as Nigeria’s Public Debt Hits…
Former President Olusegun Obasanjo has expressed concern that Nigeria and other African countries may face…
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…
“Nigerdock Partners with UNIDO, Boost Green Energy Adoption and Foreign…
Nigerdock, the promoters of Snake Island Integrated Free Zone, have highlighted that their partnership with the…
Nigeria Stocks Hit Record High, Rising 1.68% in First Trading Session of 2024
In a bullish start to 2024, Nigerian stocks surged by 1.68% during the first trading session, setting a new…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,…
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…
Nigeria’s External Reserve Declines by $77m- CBN
In December 2023, Africa's largest economy, Nigeria, witnessed a decline in its external reserves, dropping by…
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…
NAFDAC Reduces Licencing Fees to N44, 200
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced a significant reduction in…
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…
Pledge to Boost Agriculture and Trade for Economic Growth- Ekiti State’s…
In a New Year statewide broadcast, Ekiti State Governor, Mr. Biodun Oyebanji, affirmed his administration's…
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…
Assessing Nigeria’s Economic Performance in 2023: A Year of Challenges and…
The Nigerian economy faced a challenging year in 2023, marked by a notable decline compared to the previous year.…
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…
BYD Produced 3 Million New Energy Vehicles in 2023, Challenging Tesla’s…
Chinese electric car giant BYD announced on Monday that it produced over 3 million new energy vehicles in 2023,…
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…
“Tough Time Never Last”- Tinubu Addresses Nigeria’s…
During the New Year address delivered by the president, Bola Ahmed Tinubu, he identified six socio-economic…
Dangote Refinery Recieves Fourth Supply of Crude Oil
To enhance the commencement of Dangote Petroleum Refinery and petrochemicals, NNPC supplied one million barrels of…
President Tinubu Signs N28.78 Trillion Budget: Charting Priorities for 2024
On January 1, 2024, President Bola Tinubu signed the N28.78 trillion budget for the year, marking a pivotal…
Nigerian Stock Market Projections for 2024: A Gradual Yet Promising Rally
The Nigerian stock market, which experienced a remarkable 45.90% return in 2023, is poised for continued growth…
Nigeria’s Finance Minister, Wale Edun, Outlines Strategy to Reduce Reliance…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled the government's…