Finance & Economy

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2… Read More

3 weeks ago

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in… Read More

3 weeks ago

More Economic Burdens For Nigerians As Prices Remain High Despite Naira Appreciation

The recent appreciation of the naira had given a ray of hope to many Nigerians  of possible drop in prices… Read More

3 weeks ago

Why NCAA Suspended 3 Private Jet Operators

Nigeria's food inflation has continued to soar, reaching 40.01 per cent in March 2024 on a year-on-year basis. This was… Read More

3 weeks ago

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

The Nigerian government has greenlit domestic crude oil transactions to be conducted in naira or dollars, addressing long-standing concerns of… Read More

3 weeks ago

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Wumi Iledare, has called on authorities in Nigeria's oil and gas sector to come up with drastic measures to ramp… Read More

3 weeks ago

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa's largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production.… Read More

3 weeks ago

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

The Nigerian military has intensified efforts to tackle the rampant issue of oil theft in the Niger Delta region, with… Read More

3 weeks ago

FCCPC Urges Nigerians To Report Unfair Trade Practices Amid Rising Prices Despite Falling Dollar Rates

The Federal Competition and Consumer Protection Commission (FCCPC) is calling on Nigerians to report instances of unfair trade practices amidst… Read More

3 weeks ago

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria's local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it… Read More

3 weeks ago

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