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Economic Intelligence Unit Predicts Naira’s Future, Dangote Refinery Impact,…
The Economic Intelligence Unit (EIU) offers insights into the future of Nigeria's economy, making predictions on…
FCMB Group Reports 75.7% Increase in Gross Revenue for First Nine Months of 2023
FCMB Group, a prominent financial services holding company in Nigeria, has released its financial statements for…
Dangote Refinery Set to Receive First Crude Oil Cargo for Production of Petroleum…
The Dangote Refinery, located on the outskirts of Lagos, is gearing up for the commencement of production as it…
Equinor Sells Nigerian Business, Including Agbami Oil Field Stake, to Chappal…
Norwegian energy company Equinor has completed the sale of its Nigerian business, including its stake in the…
NIBSS Directs Banks to Disconnect Switches, Payment Solution Providers, and Super…
The Nigeria Inter-Bank Settlement System (NIBSS) has issued a directive instructing banks to disconnect Switches,…
Federal Allocation to States and Local Governments Projected to Increase by…
The Federal Government's revenue projections in its Revised 2024 – 2026 Medium-Term Fiscal Framework indicate…
Shale Oil Resurgence Sparks Concerns for Nigeria and OPEC Amid Budget Reliance on…
The resurgence of shale oil production in the United States is causing concerns for Nigeria and other…
Nigerian Students Abroad Face Racism, Struggles, and Resilience in Pursuit of…
Introduction: Nigerian students pursuing education abroad face challenges ranging from racism and hostilities to…
Nigeria’s Economy Records Higher Net Foreign Exchange Inflow Amid Reserve…
Nigeria experienced a higher net foreign exchange (FX) inflow in August 2023, driven by increased autonomous…
Equinor Sells Nigerian Business to Chappal Energies in $2.85 Billion Deal
Norwegian energy company Equinor has finalized the sale of its Nigerian business, including its 53.85% ownership…
Procter & Gamble Announces Plan to End On-Ground Operations in Nigeria, Shift…
Consumer goods giant Procter & Gamble (P&G) has revealed its intention to dissolve on-ground operations…
Banks with International Authorization Show Capital Adequacy Ratio Below…
According to the second-quarter report on financial soundness indicators released by the banking regulator, some…
NNPC Signs Agreements for LNG Projects, Targeting Domestic and International…
The Nigerian National Petroleum Company Limited (NNPC) has announced the signing of two significant agreements…
Nigeria Signs Bilateral Air Services Agreement with Kuwait, Explores Similar Deal…
The Federal Government of Nigeria has taken a significant step to strengthen trade, tourism, and economic ties…
Ghana Revenue Authority Denies Acquiring US$75 Million Loan Amidst Parliamentary…
The Ghana Revenue Authority (GRA) has strongly refuted claims made by MP Isaac Adongo that it accessed a US$75…
Nigeria’s Foreign Reserves Dip by $4.07 Billion in 11 Months, Hits $33…
Nigeria's foreign reserves experienced a substantial decline of $4.07 billion in the first 11 months of 2023,…
World Bank President Urges Record Funding for IDA to Meet Growing Demands
World Bank President Ajay Banga has called on member countries to make the next replenishment of the…
Nigerian President Orders Probe into Deadly Military Drone Attack in Kaduna”
Nigeria's President Bola Tinubu has ordered a comprehensive investigation into a military drone attack over the…
Controversial Pricing Shift Raises Concerns Over Nigeria’s Oil Revenue…
The Nigerian National Petroleum Corporation (NNPC) is implementing a contentious shift in how it prices its crude…
Increased Fuel Prices Lead to Soaring Interstate Travel Costs for Nigerian…
Holidaymakers in Nigeria, especially those travelling from major cities like Abuja and Lagos to their country…
Soaring Diesel Prices Hit Container Haulage, Threaten Christmas Shopping in…
As the Christmas season approaches, shoppers in Nigeria face the threat of struggling to purchase goods due to the…
EFCC Presents N76.586 Billion Budget to House Committee, Citing Need for Vigilance…
The Economic and Financial Crime Commission (EFCC) defended a budget of N76.586 billion for the next financial…
Senate Summons Nigerian Ports Authority Over Terminal Operators’ $1.85…
The Senate Public Accounts Committee has summoned the Nigerian Ports Authority (NPA) to provide explanations for…
Mounting Pressure on NNPC as December Deadline for Port Harcourt Refinery Nears
With only 26 days remaining until the end of December, the Nigerian National Petroleum Corporation (NNPC) faces…
Nigeria’s Trade Surplus Hits 5-Year High Amid Naira Devaluation
Nigeria's trade surplus has reached its highest point in five years and three months, driven predominantly by the…
COP28 President’s Controversial Stance on Fossil Fuels Sparks Outcry
Sultan Al Jaber, president of the COP28 Climate Summit, has ignited controversy by dismissing the scientific…
Sharp Surge in Dollar Inflow Through CBN: July 2023 Economic Report”
In July 2023, the Central Bank of Nigeria (CBN) witnessed a substantial surge in dollar inflow, marking a notable…
Nigeria Inks Deal for 1 GW Solar PV Manufacturing Plant to Revolutionize Energy…
In a significant move to enhance its energy landscape, the Federal Government of Nigeria has entered into an…
Senator Jimoh Ibrahim Advocates Borrowing for Economic Growth, Defends COP28…
Senator Jimoh Ibrahim, representing Ondo South in the Nigerian Senate, has reaffirmed his stance that the…
NGX Trading Report: Market Records Turbulent Start, N259 Billion Loss
The Nigerian Stock Exchange (NGX) witnessed a turbulent start to the week as the All-Share Index declined by…