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Latest News in Nigeria - Page 57

Dangote Vs NNPCL: Petrol Price War Leaves Independent Marketers Struggling

Naira-for-Crude Deal Faces Challenges As Dangote Refinery Criticises NNPCL Supply Shortfall

Dangote Refinery Accuses NNPC of Breach The Dangote Refinery has raised concerns about the Nigerian National Petroleum Company Limited (NNPCL) ability to meet its obligations under the naira-for-crude arrangement. Vice President of Dangote Group, Edwin Devakumar, revealed this in a statement reported

November 23, 2024

Business·News

Fintech Negligence Fuels Fraud Among Nigeria’s Unbanked, Middle Class, EFCC Warns

The Economic and Financial Crimes Commission (EFCC) has sounded an alarm over the rise in fraudulent activities within Nigeria’s financial sector. According to EFCC Chairman Ola Olukoyede, negligence by some fintech companies in adhering to Know Your Customer (KYC) protocols is fuelling

November 23, 2024

Tax Reforms: Bridging The Gap Or Widening The Divide?

Business·FEATURES·News

Tax Reforms: Bridging Or Widening The Divide?

Understanding the Tax Reforms President Bola Tinubu’s transmission of four tax reform bills to the National Assembly has sparked heated debates nationwide. These bills aim to simplify Nigeria’s complex tax structure while addressing inefficiencies in tax collection. However, confusion persists among ordinary

November 23, 2024

Business·FEATURES·News

Economic Challenges In Nigeria: Citizens Voice Concerns Amid Claims Of Recovery

The Growing Disconnect Between Economic Growth and Everyday Realities Nigeria’s economic challenges is at a crossroads. Despite a reported GDP growth of 3.19% in Q2 2024, the living experiences of many Nigerians tell a different story. With 104 million citizens below the

November 23, 2024

Food Prices Rises Continually As Two-thirds Go Hungry- Report

Business·News

Two-thirds Nigerians Go Hungry As Food Prices Rise Continually – NBS Report

Families Struggle as Food Prices Skyrocket Nearly two-thirds of Nigerian households struggle to access sufficient food, with many skipping meals or going hungry. This alarming reality was detailed in a report published by the National Bureau of Statistics (NBS), which revealed a

November 22, 2024

Nigeria's Inflation Drops To 24.48% In January

Business·FEATURES·News

Why Inflation Is Rising Rapidly In Nigeria

Inflation in Nigeria: An Alarming Trend Inflation in Nigeria has reached a staggering 33.88% in October, rising from 32.7% the previous month. This sharp increase, driven by factors like currency depreciation, escalating food prices, and fuel costs, has left Nigerians grappling with

November 22, 2024

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

Business·Markets·News

Nigeria’s Equity Market Declines As Profit-Taking Halts Rally

Profit-Taking Pushes Equity Market Downward Nigeria’s equity market recorded its first dip this week on Thursday as investors moved to secure profits following three days of consecutive gains. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 0.18%, reducing the market

November 22, 2024

Tinubu's Tax: Presidency Orders Ministry of Justice To Collaborate With NASS On Tax Reform Bills

Business·News

Senate Approves Tinubu’s $2.2bn Loan Request

Loan to Address Budget Deficit Sparks Debate The Nigerian Senate has approved President Bola Tinubu’s request for a $2.2 billion loan, intended to partially fund the ₦9.7 trillion budget deficit for the 2024 fiscal year. This decision, made during Thursday’s plenary, has

November 21, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

U.S. Oil Imports Resume After Hiatus The Dangote Petroleum Refinery has resumed importing crude oil from the United States after a three-month break. A shipment carrying two million barrels of WTI Midland crude from Chevron Corporation is expected at the refinery in

November 21, 2024

Cybersecurity: Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 Cyberattacks Weekly

Business·News·Technology·Top Stories

Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 attacks Weekly

Nigeria Among Top Targets for Cyberthreats Cyberthreats are on the rise in Africa, with Nigeria facing an alarming 4,718 weekly cyberattacks, according to Check Point Software Technologies. The company’s 2024 African Perspectives on Cyber Security Report, released Thursday, highlights the growing vulnerability

November 21, 2024

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Latest News in Nigeria - Page 57

Naira-for-Crude Deal Faces Challenges As Dangote Refinery Criticises NNPCL Supply Shortfall

Fintech Negligence Fuels Fraud Among Nigeria’s Unbanked, Middle Class, EFCC Warns

Tax Reforms: Bridging Or Widening The Divide?

Economic Challenges In Nigeria: Citizens Voice Concerns Amid Claims Of Recovery

Two-thirds Nigerians Go Hungry As Food Prices Rise Continually – NBS Report

Why Inflation Is Rising Rapidly In Nigeria

Nigeria’s Equity Market Declines As Profit-Taking Halts Rally

Senate Approves Tinubu’s $2.2bn Loan Request

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 attacks Weekly

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Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

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Latest News in Nigeria - Page 57

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