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Latest News in Nigeria - Page 11

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

Nigeria In October 2024 embarked on a bold initiative to strengthen its energy sector by implementing the “Naira-for-crude” policy. This strategy allowed local refineries to purchase crude oil in the local currency, aiming to reduce dependence on foreign exchange and stabilize fuel

March 12, 2025

News·World News

Top Countries Holding The Highest U.S. Debt

The United States relies on borrowing to fund its economy, and a large part of its debt is held by foreign countries. As of December 2024, foreign investors owned about $8.5 trillion of U.S. debt. This debt is mainly in the form

March 12, 2025

Business·Markets

Nigeria’s Stock Market Declines As Investors Lose N285bn

Nigeria’s stock market suffered a decline on Tuesday, with investors losing about N285 billion. The market dropped by 0.43 percent as banking, consumer goods, and oil & gas stocks fell, pushing the market lower. Despite buy-side interest in insurance stocks, the overall

March 12, 2025

News

Misplaced Priority – Nigerians React As Lawmakers Order Total Shutdown of Porn Websites

The Nigerian House of Representatives has directed the Nigerian Communications Commission (NCC) to enforce a nationwide shutdown of porn websites. Lawmakers claim the decision is necessary to protect societal values, as pornography promotes immorality and has negative psychological effects. The motion was

March 11, 2025

Business·Markets

Naira: Why currency keeps slipping, What Nigerians Can do?

The naira continues to losing value fast, and Nigerians are feeling the impact. Despite the Central Bank’s interventions, the currency keeps falling, pushing up prices and making life harder for millions. With the exchange rate hitting record lows, businesses struggle, and essentials

March 11, 2025

Business

Top 10 Sectors Contributing To Nigeria’s Latest GDP Growth

Nigeria’s economy recorded a 3.84% GDP growth in the fourth quarter of 2024, surpassing the 3.46% growth from Q4 2023. According to the National Bureau of Statistics (NBS), several sectors played a key role in this growth. The services sector led the

March 11, 2025

Business·FEATURES

Naira Crisis: Hidden Truth About Dollar Hoarding

Nigeria’s naira has been on a precipitous decline, with the currency’s value plummeting against the dollar. As the Central Bank of Nigeria scrambles to stabilise the economy, a disturbing trend has emerged: the widespread hoarding of dollars by commercial banks and other

March 11, 2025

Business·Markets

Equity Market Rises By 0.08% As Eterna, Transcorp Lead Gains

Nigeria’s equity market opened the week with a minor gain of 0.08% on Monday, March 10, as stocks like Eterna, Transcorp, and FCMB Group recorded notable increases. The Nigerian Exchange Limited (NGX) saw positive movement in the All-Share Index (ASI) and market

March 11, 2025

Business·Technology·World News

Why Is Bitcoin Dropping? 3 Key Reasons Behind The Crash

Bitcoin has fallen sharply, leaving traders questioning the reasons behind the sudden drop. The price of Bitcoin has dropped by 4.8%, currently sitting at $81,729. Ethereum has also seen losses, falling 8%, while Dogecoin has lost 13%. Despite hopes that the Strategic

March 10, 2025

Politics

5 Facts About Natasha Akpoti’s Suspension You Need To Know

Senator Natasha Akpoti-Uduaghan was suspended from the Nigerian Senate for misconduct. Her suspension has raised debates about fairness, legality, and Senate rules. Some believe it was an attempt to silence her, while others argue it was necessary to maintain order. Here are

March 10, 2025

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Latest News in Nigeria - Page 11

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

Top Countries Holding The Highest U.S. Debt

Nigeria’s Stock Market Declines As Investors Lose N285bn

Misplaced Priority – Nigerians React As Lawmakers Order Total Shutdown of Porn Websites

Naira: Why currency keeps slipping, What Nigerians Can do?

Top 10 Sectors Contributing To Nigeria’s Latest GDP Growth

Naira Crisis: Hidden Truth About Dollar Hoarding

Equity Market Rises By 0.08% As Eterna, Transcorp Lead Gains

Why Is Bitcoin Dropping? 3 Key Reasons Behind The Crash

5 Facts About Natasha Akpoti’s Suspension You Need To Know

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