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Latest News in Nigeria - Page 31

Lagos Assembly: Obasa Resumes As Speaker After Removal

Police Locked Up My Family During Impeachment – Obasa Alleges

Mudashiru Obasa, the former Speaker of the Lagos State House of Assembly, on Saturday opened up about the circumstances surrounding his impeachment. Speaking during a welcome rally held at his Joel Ogunnaike residence in Ikeja, Obasa described the allegations against him as

January 25, 2025

EFCC Faces Internal Scandals Officers Disappear With Seized Gold, $30,000

Business·News

EFCC Under Scrutiny As Operatives Disappear With Seized Gold, $30,000

The Economic and Financial Crimes Commission (EFCC) is grappling with internal scandals after officers were accused of stealing seized gold worth over ₦1 billion and $30,000 in cash. The antigraft agency has found itself under intense public scrutiny following a series of

January 25, 2025

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

Business·Markets·News

Stock Market Rises By 1.22% As Investors Gain N206bn In One Week

Investors in Nigeria’s stock market gained N206 billion during the trading week ending Friday, January 24, 2025, as the market closed with a 1.22% rise. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased from 102,353.68 points to 103,598.3 points, while the

January 25, 2025

How Palliatives Are Failing To Address Nigeria’s Food Crisis- Nigerians, Experts

Business·FEATURES·News

Food Crisis Persists: Why Nigeria’s Palliatives Aren’t Working

In Nigeria, food crisis has escalated beyond what palliatives can resolve. While governments distribute food items in times of economic hardship, the effort often feels like pouring water into a basket—well-meaning but ultimately futile. Rising food inflation, exacerbated by the removal of

January 25, 2025

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

Business·Markets·News

Nigeria’s Equity Market Posts N497bn Gain, Rebounds From Losses

The Nigerian equity market staged a remarkable recovery on Friday, gaining ₦497 billion in market capitalisation after two consecutive losses. Investors welcomed the rebound as share prices of key stocks surged, boosting market sentiment. “We are seeing the market bounce back strongly

January 25, 2025

Nigerian Govt Yet To Address Real Drivers Of Inflation – CPPE

Business·FEATURES·News

Economic Survival: Why Inflation Could Make Or Break Nigeria

In the bustling streets of Lagos, vendors hawk goods at prices that seem to climb daily. Inflation, now at 34.80%, has become a relentless force threatening the stability of Nigeria’s economy. For many Nigerians, the rising cost of living is no longer

January 24, 2025

Business·Markets·News

Nigeria’s Equity Market Records 0.05% Decline, Investors Await Catalysts

The Nigerian equity market closed negative on Thursday, reflecting a 0.05% decrease. This drop followed Wednesday’s decline, pushing the year-to-date (YTD) negative return further to 0.13%. Vetiva Research analysts commented on the market performance, stating, “We foresee no catalyst on the horizon

January 24, 2025

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line In 2025 – Report

Business·News

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line – Report

Nigeria’s rising inflation, high interest rates, and naira depreciation could drive 13 million more Nigerians below the poverty line by 2025, according to a new report by PricewaterhouseCoopers International Limited (PwC). The report, titled “2025 Nigerian Budget and Economic Outlook,” warns that

January 24, 2025

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·News·Oil & Gas

Increase In Pump Price Not From Us- Dangote Refinery

Dangote Petroleum Refinery has explained that the recent increase in the ex-depot price of Premium Motor Spirit (PMS) is due to the rise in global crude oil prices. The company emphasised that this adjustment is a direct result of higher costs for

January 23, 2025

Business·News

CBN Urges Businesses To Leverage Weak Naira For Export Growth

The Deputy Governor of Economic Policy at the Central Bank of Nigeria (CBN), Muhammad Abdullahi, has called on Nigerian businesses to embrace export-oriented strategies to harness the opportunities presented by the weak naira. Speaking on Tuesday at the 11th National Economic Outlook

January 23, 2025

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Latest News in Nigeria - Page 31

Police Locked Up My Family During Impeachment – Obasa Alleges

EFCC Under Scrutiny As Operatives Disappear With Seized Gold, $30,000

Stock Market Rises By 1.22% As Investors Gain N206bn In One Week

Food Crisis Persists: Why Nigeria’s Palliatives Aren’t Working

Nigeria’s Equity Market Posts N497bn Gain, Rebounds From Losses

Economic Survival: Why Inflation Could Make Or Break Nigeria

Nigeria’s Equity Market Records 0.05% Decline, Investors Await Catalysts

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line – Report

Increase In Pump Price Not From Us- Dangote Refinery

CBN Urges Businesses To Leverage Weak Naira For Export Growth

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Latest News in Nigeria - Page 31

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