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Companies Raise Salaries by 18.35% to Combat Inflation in Nigeria
Companies in Nigeria increased the salaries of their employees by 18.35% to N29.45 trillion in the first half of…
Binance Witnesses Over $1 Billion Outflows After CEO’s Departure and Guilty…
Binance, a major cryptocurrency exchange, has experienced outflows exceeding $1 billion in the past 24 hours…
NGX and Islamic Development Bank Institute Collaborate to Boost Islamic Finance in…
Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) joined forces to conduct a…
Oil Spill Response Firm Collaborates with Total Energy and NIMASA to Tackle Egina…
An oil spill response firm has partnered with Total Energy and the Nigerian Maritime Administration and Safety…
Cybersecurity Incident Hits Fortune 500 Title Insurance Company Fidelity National…
Fidelity National Financial (FNF), a Fortune 500 company providing title insurance and settlement services for…
Nigerian LNG Achieves Highest Dividend in 8 Years as Output Rises; Faces…
Nigerian LNG Limited (NLNG), the largest gas exporter in Nigeria, has reported its highest dividend payout to the…
Surge in Fuel Prices Aggravates Production Costs: Diesel Up 25.45%, Petrol Spikes…
Over the last 12 months, the cost of automotive gas oil (diesel) in Nigeria has surged by 25.45%, while premium…
Federal Government to Achieve 18% Tax-to-GDP Ratio in Three Years Through…
The Federal Government of Nigeria aims to achieve a tax-to-Gross Domestic Product (GDP) ratio of 18% within the…
Bank of Industry Pledges Support for Modular Refineries to Address Economic…
Dr. Olasupo Olusi, the Managing Director of Bank of Industry Limited (BoI), has expressed a commitment to…
Nigerian Exchange Limited Loses N35 Billion in Market Capitalization as Key Stocks…
The Nigerian Exchange Limited (NGX) experienced a decline of N35 billion in market capitalization on Wednesday.…
Nigeria’s Equities Market Records a Decline as Investors Take Profit Amid…
Nigeria's equities market witnessed a negative turn as investors opted to take profits, particularly in stocks…
KPMG Forecasts Nigeria’s Inflation to Hit 30% by December 2023 Amid Reforms
KPMG has projected that Nigeria's headline inflation could reach 30 percent by December 2023, attributing this…
Nigeria Rekindles Shipping Tax Dispute, Demands Payment by Year-End
Nigeria has revived a dispute with shipping companies, demanding that non-resident shipping lines settle…
Nigeria Withdraws Civil Claims Against Eni and Shell, Yet Investor Exodus Persists
Nigeria has withdrawn civil claims against energy giant Eni SpA and its partner, Shell, concluding a prolonged…
Nigeria Urged to Prioritize Low-Hanging Revenue Opportunities Over Debt for…
Introduction: Nigeria is being advised to prioritize low-hanging revenue opportunities over increasing debt to…
Nigeria Drafts Bill to Reform Public Finance Management and Treasury Operations
The Office of the Accountant General of the Federation (OAGF) in Nigeria has announced the drafting of a bill…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam…
Rethinking Nigeria’s Economic Strategy: Prioritizing Revenue Opportunities…
Nigeria is contemplating a shift in its economic strategy by prioritizing low-hanging revenue opportunities over…
U.S. Welcomes Breakthrough Agreement on Release of Hostages in Israel-Hamas Deal
The United States has expressed gratitude for the recent breakthrough agreement between Israel and Hamas, leading…
Seplat Energy Invests $250 Million in New Gas Processing Plant to Boost…
Nigerian independent energy company, Seplat Energy Plc, has unveiled plans for a substantial $250 million…
Nigerian Breweries Seeks Shareholder Approval for 80% Stake in Distell Nigeria
Nigerian Breweries (NB) Plc, the largest brewery in Nigeria, has presented a proposal to its shareholders seeking…
Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors
President Bola Tinubu recently engaged in discussions with German Federal Chancellor Olaf Scholz during the G20…
Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by…
The House of Representatives Committee on Finance is currently conducting a status enquiry into the National…
Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy…
The Nigerian federal government, through the Ministry of Power, has finalized a $2.2 billion solar PV deal with…
Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis…
The departure of GlaxoSmithKline (GSK) from Nigeria has triggered a severe healthcare crisis, leading to a surge…
Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, has reported a significant…
Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog
The Central Bank of Nigeria (CBN) has deferred its Monetary Policy Committee (MPC) meeting for the second time…
Inflation Crisis in Nigeria Forces Many to Choose Between Food and Medicine
The inflation crisis in Nigeria is exacerbating the challenges faced by individuals with chronic health…
Nigeria’s Streaming Woes: Slow Adoption Challenges Netflix and Local…
Despite Nigeria being Africa's most populous country with a significant mobile user base, the adoption of…
Naira Appreciates Against Dollar on Parallel Market, Stabilizing at N1,125/$
The Nigerian naira has appreciated against the US dollar, gaining 0.88% to reach N1,125/$ on the parallel market.…