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Latest News in Nigeria - Page 28

Inflation: How To Protect Your Money In An Unstable Economy

In recent years, Nigeria has faced significant economic challenges, with inflation rates reaching unprecedented levels. As of November 2024, the country’s inflation rate soared to a near 30-year high of 34.6%, up from 33.9% in the prior month, eroding purchasing power and

February 2, 2025

Business·News·Oil & Gas

How NNPC, Oil Marketers Spend Over N5.5trn On Fuel Imports In 4 Months

The Nigerian National Petroleum Company (NNPC) Limited and some oil marketers spent over N5.5 trillion on fuel imports between October 1, 2024, and January 31, 2025. Despite the availability of locally refined products, reports show that massive volumes of Premium Motor Spirit

February 1, 2025

Telecom Tariff Hikes: The Business Struggle For SMEs In Nigeria

Business·FEATURES·News

Telecom Tariff Hikes: Business Struggle For SMEs In Nigeria

In recent weeks, Nigeria’s telecommunications landscape has been shaken by the Nigerian Communications Commission’s (NCC) approval of a 50% increase in tariffs for data, calls, and SMS services. This decision, marking the first significant hike in over a decade, has ignited widespread

February 1, 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 Stock Market Gains N1.063trn In One Week As Investors Position For Dividends

Nigeria’s stock market saw a significant rise in the trading week that ended on Friday, January 31, as investors gained about N1.063 trillion. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) grew by 0.87%, moving from 103,598.3 points to 104,496.12 points. Market

February 1, 2025

News·Politics

Ned Nwoko Resigns From PDP, Cites Deep Divisions In Party

Senator Ned Nwoko, representing Delta North, has resigned from the Peoples Democratic Party (PDP), a party he has been with since its formation in 1999. In a resignation letter addressed to the party leadership in Ward 8, Aniocha North Local Government Area

January 31, 2025

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Markets·News

Naira Appreciates To N1,610/$1 In Parallel Market

The Nigerian Naira appreciated against the U.S. dollar in the parallel market on Friday, closing at N1,610 per dollar, representing a N20 gain from the previous day. Currency traders confirmed the development, noting increased dollar supply in the market. Euro and Pound

January 31, 2025

News

UTME 2025: How To Retrieve Lost SIM Cards For JAMB

The Joint Admissions and Matriculation Board (JAMB) has announced that candidates who lost their SIM cards previously used for registration can now retrieve their profile codes at any Computer-Based Test (CBT) centre nationwide. JAMB made this known via its official X handle,

January 31, 2025

Business·FEATURES·News

Food Insecurity: Why Millions Of Nigerians Are Going Hungry

Food insecurity in Nigeria is worsening. Nearly 50 million people in West Africa, including millions in Nigeria, do not have enough to eat. The United Nations Food and Agriculture Organisation (FAO) revealed this alarming figure at the 5th Lake Chad Basin Governors’

January 31, 2025

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

Business·Markets·News

Nigeria’s Equity Market Rises By 0.19% As NNFM, Honeywell, Aviation Stocks Lead Gains

Nigeria’s equity market continued its upward movement on Thursday, gaining 0.19% or N348 billion, as stocks like Northern Nigeria Flour Mills (NNFM), Skyway Aviation Handling Company Plc, Honeywell Flour Mills, Chellaram, and Red Star Express recorded strong gains. The market has now

January 31, 2025

Auction of Vehicles: EFCC to Review Complaints Against Auctioneers

Business·News

EFCC Blames Poor Internet, High Turnout For Car Auction Glitches, Vows Review

The Economic and Financial Crimes Commission (EFCC) has addressed the concerns raised by Nigerians over its recently concluded online auction of forfeited vehicles. The Commission admitted that some participants experienced technical issues and assured that genuine complaints would be reviewed. In a

January 30, 2025

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Latest News in Nigeria - Page 28

Inflation: How To Protect Your Money In An Unstable Economy

How NNPC, Oil Marketers Spend Over N5.5trn On Fuel Imports In 4 Months

Telecom Tariff Hikes: Business Struggle For SMEs In Nigeria

Nigeria’s Stock Market Gains N1.063trn In One Week As Investors Position For Dividends

Ned Nwoko Resigns From PDP, Cites Deep Divisions In Party

Naira Appreciates To N1,610/$1 In Parallel Market

UTME 2025: How To Retrieve Lost SIM Cards For JAMB

Food Insecurity: Why Millions Of Nigerians Are Going Hungry

Nigeria’s Equity Market Rises By 0.19% As NNFM, Honeywell, Aviation Stocks Lead Gains

EFCC Blames Poor Internet, High Turnout For Car Auction Glitches, Vows Review

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