Nigeria’s Public Debt to Surge to N95trn in Ten Years
"Nigeria's public debt is set to see an over eightfold increase in the next decade, surging to about N95trn.…
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…
Global Stock Markets Slip as Rate Cut Hopes Fade
Global stock markets continued their decline into the new year, with the MSCI's broad index of world equities…
S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle
The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a…
Hyundai and Kia Project 2% Sales Growth in 2024 Despite 2023 Challenges
South Korean automakers Hyundai Motor and Kia Corp anticipate a modest 2% increase in their combined global sales…
Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of…
Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark's Maersk and Germany's Hapag-Lloyd, are…
Navigating 2024: Investors Brace for Economic Shifts”
As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S.…
China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid…
In response to the deepening property debt crisis in China, major banks in the country are intensifying their…
Russian Bailiffs Remove Debts of Tech Giants Google, Meta, and TikTok – Resolving…
In a recent development, Alphabet's Google, Meta, and TikTok have seemingly resolved legal issues in Russia as…
Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales…
U.S. stock futures are trending lower as investors react to the Federal Reserve's upcoming release of minutes…
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…
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…