Naira Plummets Against US Dollar in Forex Market
The Naira has experienced a significant depreciation against the US Dollar in the foreign exchange… Read More
2 years ago
African Business News
Central Bank of Nigeria Takes Tough Stance Against Forex Defaulters
The Central Bank of Nigeria (CBN) has announced its intention to crack down on individuals… Read More
2 years ago
Nigeria Moves to Halt Widespread Taxation Abuse
The Nigerian government is taking decisive steps to suspend multiple taxation nationwide, signaling a major… Read More
2 years ago
Few Defective Factory Products Or a Flood of Fake Rechargeable Fans into Nigeria?
Jan. 17, 2024 Is it a case of a few factory-defective products that came as… Read More
2 years ago
Nigeria to Save N8 Trillion Annually from Fuel Subsidy and Forex Reforms
A recent revelation by the Presidential Fiscal Policy and Tax Reforms Committee indicates that Nigeria's… Read More
2 years ago
The Impact of Dangote Refinery on Fuel Prices: Insights from Petroleum Retailers
The long-anticipated commencement of operations at the Dangote refinery has stirred up conversations about the… Read More
2 years ago
Nigerian Stock Market Hits Record High: ASI Soars by 3.93%
The Nigerian Exchange Limited witnessed a significant surge as the All-Share Index (ASI) soared by… Read More
2 years ago
National Assembly Boosts Ministry of Works Budget to Over N1 Trillion
The National Assembly has approved an increase in the budget allocation for the Ministry of… Read More
2 years ago
Dangote Refinery Launch Boosts Investor Wealth by N514 Billion
The news of the long-awaited start of production at the Dangote Refinery has sent ripple… Read More
2 years ago
NNPC Exposes 83 Illegal Oil Refineries and 15 Pipeline Connections in 7 Days
The Nigerian National Petroleum Company Limited (NNPCL) has revealed the startling discovery of 83 unauthorized… Read More
2 years ago
Shell’s $2.4 Billion Deal: Exiting Nigeria as SPDC Sale to Local Consortium is Announced
Shell, a global oil giant, has made a landmark decision to sell off its Nigerian… Read More
2 years ago
Nigeria Grants 13 New Electricity Generation Licenses to Boost Power Supply
In a move aimed at addressing Nigeria's persistent power generation challenges, the federal government has… Read More
2 years ago
FG Grants 13 New Power Generation and Distribution Licences to Drive Electricity Access
The Nigerian Electricity Regulatory Commission, acting on behalf of the Federal Government, has recently issued… Read More
2 years ago
Nigeria Aims for 57% Revenue Increase by 2024
Nigeria's federal government is setting its sights on a substantial 57% boost in revenue collection… Read More
2 years ago
Naira Surges Against US Dollar in Monday Forex Market Opening
In an unexpected turn of events, Nigeria's Naira made significant strides against the US dollar… Read More
2 years ago
Minister Criticizes Security Agencies for Underutilizing NIN-SIM Data Tracking in Crime Prevention
Former Minister of Communications and Digital Economy, Isa Pantami, has expressed disappointment over the failure… Read More
2 years ago
Lagos Governor Sanwo-Olu Enacts 2024 Budget with N21.74bn Increase
In a significant move, Governor Babajide Sanwo-Olu of Lagos State has officially signed the 2024… Read More
2 years ago
Nigeria’s Alarming Food Inflation Reaches 33.93% by December 2023
As the year drew to a close, Nigeria faced a significant surge in food inflation,… Read More
2 years ago
Privatization of Port Harcourt Refinery Marks New Era for Nigeria’s Energy Sector
Amid the resurgence of the Port Harcourt oil refinery, the Nigerian National Petroleum Company Limited… Read More
2 years ago
Nigeria’s Inflation Climbs to 28.92% in December, Marking Twelfth Consecutive Increase
In a concerning economic development, Nigeria's headline inflation has surged to 28.92% in December from… Read More
2 years ago