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Latest News in Nigeria - Page 26

Lawmakers Warns Of Unrest Over Fuel Price Hike Amid Growing Economic Hardship

Nigerian Lawmakers Propose Creation Of 31 New States

Nigerian lawmakers have proposed the creation of 31 new states across the country, a move that could reshape the nation’s political structure. The proposal was presented by the House of Representatives Committee on Constitution Review during a plenary session on Thursday. Deputy

February 6, 2025

News·Politics

Nigerians Fire Badenoch After Proposing Extension Of UK Residency Requirement From 6 To 15 Years

Britain’s Conservative leader, Kemi Badenoch, has sparked outrage among Nigerians and other immigrant communities after proposing a major change to the UK residency requirement for citizenship. She suggested increasing the period from six to fifteen years, a move that has drawn widespread

February 6, 2025

Niger Republic Bars Nigerians Traveling With ECOWAS Passport

Business·News

List Of Countries Nigerian Passport Holders Can Visit Without Visa In 2025

Traveling abroad has become more accessible for Nigerian passport holders in 2025. According to the Africa Visa Openness Index, Nigeria has risen to the 6th position in visa openness, reflecting significant progress in facilitating travel for its citizens. Visa-Free Countries for Nigerian

February 6, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Equity Market Rises For Third Day As Investors Buy FBN Holdings, Eterna, Cadbury

Nigeria’s equity market continued its positive trend on Wednesday, rising by 0.51 per cent or N332 billion. The market recorded its third consecutive day of gains this week as investors increased their purchase of FBN Holdings, Eterna Plc, and Cadbury shares. The

February 6, 2025

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

Naira Appreciates To N1,590/$1 In Black Market

The Naira appreciated to N1,590 per dollar in the black market on Wednesday, breaking the N1,600 mark. This marks a 4.7% gain in one month, as the local currency rose from N1,665 per dollar traded at the beginning of the year. On

February 5, 2025

Naira Falls Against Dollar Across FX Markets

Business·Markets·News

Naira Holds Steady As CBN Extends Dollar Access To BDC Operators

The naira closed flat on Tuesday across foreign exchange (FX) markets following reduced demand and improved liquidity. This development came as the Central Bank of Nigeria (CBN) extended access to Bureau De Change (BDC) operators for purchasing dollars. At the Nigerian Foreign

February 5, 2025

Banking In Nigeria: A Tale Of Frustration, Long Queues, High POS Charges

Business·FEATURES·Finance & Economy·News

Banking In Nigeria: Tale Of Frustration, Long Queues, High POS Charges

In recent years, Nigeria’s banking landscape has shifted dramatically. The rise of Point-of-Sale (POS) operators has transformed how many Nigerians access their money. While these agents offer convenience, they’ve also introduced new challenges, especially concerning cash withdrawals. Many Nigerians now face long

February 5, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Gains 0.15% As Northern Nigeria Flour Mills, Beta Glass Lead Rally

Nigeria’s equity market extended its positive momentum on Tuesday, rising by 0.15%. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) moved from 104,630.3 points to 104,788.35 points. Similarly, the equity market capitalization increased from N64.791 trillion to N64.889 trillion. Market analysts attributed

February 5, 2025

Business·News

Nigeria’s External Reserve Drops By $1.19bn In Less Than One Month

Nigeria’s external reserve has dropped by $1.19 billion in just three weeks and five days, according to data from the Central Bank of Nigeria (CBN). The gross external reserve, which stood at $40.920 billion on January 6, 2025, declined steadily to $39.723

February 4, 2025

Business·News·Oil & Gas

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

The price of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N925 per litre at private depots. This reduction follows Dangote Petroleum Refinery’s decision to lower its ex-depot price from N950 to N890 per litre, effective from Saturday as

February 4, 2025

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Latest News in Nigeria - Page 26

Nigerian Lawmakers Propose Creation Of 31 New States

Nigerians Fire Badenoch After Proposing Extension Of UK Residency Requirement From 6 To 15 Years

List Of Countries Nigerian Passport Holders Can Visit Without Visa In 2025

Nigeria’s Equity Market Rises For Third Day As Investors Buy FBN Holdings, Eterna, Cadbury

Naira Appreciates To N1,590/$1 In Black Market

Naira Holds Steady As CBN Extends Dollar Access To BDC Operators

Banking In Nigeria: Tale Of Frustration, Long Queues, High POS Charges

Nigeria’s Equity Market Gains 0.15% As Northern Nigeria Flour Mills, Beta Glass Lead Rally

Nigeria’s External Reserve Drops By $1.19bn In Less Than One Month

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

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Latest News in Nigeria - Page 26

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