Business - Page 220

Nigerians Borrow N3.9trn Amid Worsening Economic Crisis

Rising Consumer Credit Amid Economic Crisis Nigerians have taken out loans worth N3.82 trillion from banks as of January 2024, amid the economic crisis, according to the Central Bank of Nigeria (CBN).

Emmanuel Ochayi

June 24, 2024

Nigeria's Food Crisis: Corruption, Mismanagement To Blame?

Business·News

Food Crisis In Nigeria: Is Technology The Answer Or Another Government Gimmick?

Food Crisis Reaches Alarming Proportions Nigeria is facing an unprecedented food crisis. According to government admissions, 32 million Nigerians are currently dealing with extreme food and nutrition shortages. The National Bureau of

Emmanuel Ochayi

June 24, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Holds Steady In Official Market Amid Parallel Market Fluctuations Within Fitch Ratings projection

Official Market Stability The Nigerian naira has shown stability in the official market, aligning with projections by Fitch Ratings. Despite trading within the N1500 range against the U.S. dollar in the parallel

Emmanuel Ochayi

June 24, 2024

Naira Falls Against Dollar Across FX Markets

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th June 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

June 24, 2024

Business·News·Oil & Gas

Aiteo Resumes Production After Spill In Nembe Oilfield

Aiteo Eastern Exploration and Production Company (AEEPCO) has announced resumption of oil production after days it stopped due to a spill in its Oilfield in Nembe, Bayelsa State. The reopening, followed a

Victor Ezeja

June 23, 2024

Business·News

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

SERAP has called on the World Bank Inspection Panel to probe allegations of corruption in the spending of loans and other funding facilities obtained from the Bank by Nigeria’s Federal Government and

Victor Ezeja

June 23, 2024

Business·News·Power

NERC: How DisCos Will Access N21bn Electricity Metering Fund

NERC has approved N21 billion for electricity Distribution Companies (DisCos) in the country to provide meters for customers.

Victor Ezeja

June 22, 2024

Africa·Business·News

Uganda, UAE Sign Deal To Build New International Airport To Boost Tourism, Trade

Uganda-UAE Agreement Announced Uganda has agreed with the Sharjah Chamber of Commerce and Industry from the United Arab Emirates (UAE) to construct a new international airport, President Yoweri Museveni’s office announced on

Emmanuel Ochayi

June 22, 2024

Business·News·Oil & Gas

Troops Crack Down On 105 Illegal Refining Sites, Deny Oil Thieves Over N1.8bn

Troops deployed to the Joint Task Force, South-South, Operation Delta Safe, have successfully disrupted illegal refining site activities in the Niger Delta, according to the Defence Headquarters (DHQ). In a span of

Emmanuel Ochayi

June 22, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Sees N103bn Loss To End The Holiday Shortened Week

Equity Market Drops 0.18% in Holiday-Shortened Week Nigeria’s equity market experienced a slight decline of 0.18 percent, equating to a N103 billion loss, in the holiday-shortened trading week ending Friday, June 21.

Emmanuel Ochayi

June 22, 2024

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Business - Page 220

Nigerians Borrow N3.9trn Amid Worsening Economic Crisis

Food Crisis In Nigeria: Is Technology The Answer Or Another Government Gimmick?

Naira Holds Steady In Official Market Amid Parallel Market Fluctuations Within Fitch Ratings projection

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th June 2024

Aiteo Resumes Production After Spill In Nembe Oilfield

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

NERC: How DisCos Will Access N21bn Electricity Metering Fund

Uganda, UAE Sign Deal To Build New International Airport To Boost Tourism, Trade

Troops Crack Down On 105 Illegal Refining Sites, Deny Oil Thieves Over N1.8bn

Nigeria’s Equity Market Sees N103bn Loss To End The Holiday Shortened Week

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