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Latest News in Nigeria - Page 4

Equity Market Records First Loss of The Week As Investors React To Market Conditions

The Nigerian equity market recorded its first decline of the week on Wednesday, confirming analysts’ expectations of mixed trading sessions. The market fell by 0.10 per cent, translating to a loss of N74 billion, as investors adjusted their positions after early-week gains.

March 27, 2025

News·World News

Trump Orders Proof of Citizenship For Voter Registration, Faces Backlash

US President Donald Trump has signed an executive order requiring proof of citizenship when registering to vote. The order, signed on Tuesday, gives federal authorities more power to enforce election rules. Trump claims the move will ensure fair elections, but critics argue

March 26, 2025

Business·News·Oil & Gas

Dollar-for-Crude: PETROAN Rejects Dangote Refinery’s Dollar Sale Policy

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has strongly opposed the decision of Dangote Petroleum Refinery to sell refined petroleum products in dollars. The association is urging the Federal Government to prevent the refinery from enforcing the dollar-based pricing

March 26, 2025

Business·FEATURES·Oil & Gas

What Happens If NNPC Ends Naira-For-Crude? Risks, Alternatives

The Naira-for-Crude policy has been a key part of Nigeria’s strategy to stabilise petrol prices and manage inflation. The Nigerian National Petroleum Company Limited (NNPCL) has been selling crude oil to local refiners in naira, instead of dollars, allowing fuel to be

March 26, 2025

Business·Oil & Gas

Six Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

After a remarkable 170% gain in 2024, Nigeria’s Oil & Gas sector is now the worst-performing index on the Nigerian Exchange Limited (NGX). As of March 21, 2025, the NGX Oil & Gas Index has dropped by 7.82% year-to-date (YTD), surpassing the

March 26, 2025

Business·News

Five Countries Nigeria Imported Most Goods From In Q4, 2024

Nigeria, with a population of over 200 million, depends heavily on imports to meet domestic demand, particularly for machinery, petroleum products, pharmaceuticals, and food supplies. The country’s reliance on foreign goods is influenced by global trade dynamics, currency fluctuations, and government policies

March 26, 2025

Business·Markets

Nigeria’s Equity Market Gains For Second Time This Week As Stocks Rise By 0.04%

The Nigerian equity market continued its upward trend on Tuesday, gaining 0.04% as the value of listed stocks increased by N26 billion. The Nigerian Exchange Limited (NGX) recorded a rise in both the All-Share Index (ASI) and market capitalisation, reflecting renewed investor

March 26, 2025

Business·Finance & Economy

CBN Making Progress In Curbing Inflation, Stabilising FX Market, Says Cardoso

The Central Bank of Nigeria (CBN) is making progress in stabilising the foreign exchange (FX) market and reducing inflation, according to Governor Olayemi Cardoso. He made this statement while hosting scholars from the Harvard Kennedy School (HKS) at the CBN headquarters in

March 25, 2025

News·World News

Trump’s Administration Faces Security Scandal As Journalist Leaks War Plans

Trump’s administration has confirmed that a journalist was mistakenly included in a private Signal chat where senior officials discussed an attack on Yemen’s Houthi group. The revelation has raised serious security concerns, with critics demanding a full investigation into how classified military

March 25, 2025

Business·News·Oil & Gas

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Nigeria’s Dangote Refinery has increased jet fuel exports to the United States, helping to stabilise prices as demand reaches a two-year high. The 650,000 barrels-per-day (bpd) refinery, the largest in Africa, has emerged as a key supplier in the global market. By

March 25, 2025

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Latest News in Nigeria - Page 4

Equity Market Records First Loss of The Week As Investors React To Market Conditions

Trump Orders Proof of Citizenship For Voter Registration, Faces Backlash

Dollar-for-Crude: PETROAN Rejects Dangote Refinery’s Dollar Sale Policy

What Happens If NNPC Ends Naira-For-Crude? Risks, Alternatives

Six Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Five Countries Nigeria Imported Most Goods From In Q4, 2024

Nigeria’s Equity Market Gains For Second Time This Week As Stocks Rise By 0.04%

CBN Making Progress In Curbing Inflation, Stabilising FX Market, Says Cardoso

Trump’s Administration Faces Security Scandal As Journalist Leaks War Plans

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

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