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…
Changes in U.S. Electric Vehicle (EV) Tax Credits Impact Multiple Models
The landscape of electric vehicle (EV) tax credits in the United States underwent a significant shift as new…
Euro Zone Likely Entered Recession in 2023 as Factory Activity Contracts
Euro zone factories concluded 2023 with a contraction in activity for the 18th consecutive month, signaling a…
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…
Climate Tech: A Beacon of Job Opportunities in 2024
The year 2023 witnessed a wave of layoffs across the tech sector, leaving over 240,000 professionals jobless.…
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…
Bitcoin Starts 2024 on a High, Surging Past $45,000 Amid ETF Optimism
Bitcoin, the world's largest cryptocurrency, has begun the year 2024 with a remarkable surge, surpassing $45,000…
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…
Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak
The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P)…
Nigeria to Launch Passport Application Automation, Review Immigration Policy
The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing…
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in…
Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth
Center3, a wholly owned subsidiary of Saudi Arabia's stc Group, has finalized an agreement to acquire CMC…
Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive…
Swedfund, Sweden's development finance institution, has invested USD 32 million in Apis Growth Markets Fund III.…
Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa
Ampersand, Africa's pioneer in electric transport energy, has successfully raised $19.5 million in a funding…
IFC Invests $50 Million in EMIF II Fund to Address Infrastructure Gaps in Asia and…
The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million equity…
2023, A Challenging Year for Businesses- Expert
During an interview with Daily Trust, Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’…
NIMASA Urges Shipowners to Unite for Accessing $360 Million Fund
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has…