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Latest News in Nigeria - Page 59

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

Nigeria’s Stock Market Records Gains Amid FGN Bond Auction Focus

Equities Climb Slightly as Investors Eye Bond Results The Nigerian stock market experienced a modest gain on Monday, with the All-Share Index (ASI) rising by 0.02% as investors turned their attention to the Federal Government of Nigeria (FGN) bond auction. The market

November 19, 2024

Business·News

Inflation Puts Nigerian Startups Founders Under Pressure, Report Reveals

Inflation and Its Impact on Founders A new report by Flourish Ventures highlights that 66% of Nigerian startup founders cite inflation as their biggest challenge. With Nigeria’s inflation rate climbing to 33.88% in October 2024—up from 32.70% in September—entrepreneurs are struggling to

November 18, 2024

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

Business·News·Oil & Gas

Dangote Refinery Partners With Marketers For Weekly Supply Of 60 Million Litres Of Petrol

The Dangote Petroleum Refinery has struck a game-changing agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to supply 60 million litres of Premium Motor Spirit (PMS), or petrol, every week. This direct supply deal aims to streamline fuel distribution across

November 18, 2024

How Crude Oil Theft Stifles Nigeria's Oil Potential Despite OPEC Quota Progress

Business·FEATURES·News·Oil & Gas·Top Stories

How Crude Oil Theft Stifles Nigeria’s Potential Despite OPEC Quota Progress

Crude Oil Theft: A Persistent Challenge Nigeria recently achieved a production milestone of 1.8 million barrels per day (mbpd), inching closer to its OPEC quota. However, crude oil theft remains a significant issue undermining the country’s oil sector. Experts warn that this

November 18, 2024

Three States In Nigeria With Highest Food Prices

Business·FEATURES·News·Top Stories

Nigerians Cry Over Exploitation Amid Inflation, Soaring Food Prices

Inflation Rate Surges, Triggering Food Price Hikes Nigeria’s inflation rate hit 33.88% in October 2024, up from 32.70% in September, according to the latest Consumer Product Index report from the National Bureau of Statistics (NBS). The soaring inflation has sent shockwaves through

November 18, 2024

News·Top Stories·World News

Senate Democrats Demand Probe Into Elon Musk’s Alleged Ties With Putin

Senate Democrats Question Elon Musk’s National Security Role Two senior Senate Democrats have called for an investigation into Elon Musk’s alleged communications with Russian President, Vladimir Putin. The move raises concerns about Musk’s role as a government contractor with access to top-secret

November 17, 2024

Business·News·Top Stories

Foreign Exchange: CBN’s Policies Fall Short, Remittances Drop 16.68% In 9 Months

Decline in Foreign Exchange Remittances Raises Concerns Despite aggressive measures by the Central Bank of Nigeria (CBN) to boost foreign exchange inflows, total direct remittances have dropped significantly. Recent CBN data reveals a 16.68% Year-on-Year (YoY) decline, with remittances falling from $1.86

November 17, 2024

Ogun State Election: APC Declared Winner With 20 LGAs, 236 Wards Amid Controversy

News·Politics

Ogun Council Election: APC Declared Winner, Opposition Condemns Exercise

APC Sweeps Ogun Local Government Elections The ruling All Progressives Congress (APC) has emerged victorious in all local councils’ chairmanship and councillorship elections held across Ogun State. This was announced by the Ogun State Independent Electoral Commission (OGSIEC) on Sunday morning, amidst

November 17, 2024

News·Politics

#OndoDecides2024: Tunji-Ojo Lauds INEC’s Professionalism Amid High Voter Turnout

Minister Praises INEC and Security Agencies The Minister of Interior, Olubunmi Tunji-Ojo, has praised the Independent National Electoral Commission (INEC) for their professionalism in the ongoing Ondo State governorship election. Speaking after casting his vote at Polling Unit 17, Ward 3, in

November 16, 2024

#OndoDecides2024: PDP Candidate Agboola Ajayi Decries Voting Delays, Raises Concerns Over INEC Bias

News·Politics

#OndoDecides2024: PDP Candidate, Ajayi Decries Voting Delays, Raises Concerns Over INEC Bias

Agboola Ajayi, the Peoples Democratic Party (PDP) candidate in the Ondo governorship election, expressed dissatisfaction with the voting process after casting his vote at Polling Unit 004, Apoi Ward 2, Kiribo, in Ese-Odo Local Government Area. Ajayi voiced concerns about delays in

November 16, 2024

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Latest News in Nigeria - Page 59

Nigeria’s Stock Market Records Gains Amid FGN Bond Auction Focus

Inflation Puts Nigerian Startups Founders Under Pressure, Report Reveals

Dangote Refinery Partners With Marketers For Weekly Supply Of 60 Million Litres Of Petrol

How Crude Oil Theft Stifles Nigeria’s Potential Despite OPEC Quota Progress

Nigerians Cry Over Exploitation Amid Inflation, Soaring Food Prices

Senate Democrats Demand Probe Into Elon Musk’s Alleged Ties With Putin

Foreign Exchange: CBN’s Policies Fall Short, Remittances Drop 16.68% In 9 Months

Ogun Council Election: APC Declared Winner, Opposition Condemns Exercise

#OndoDecides2024: Tunji-Ojo Lauds INEC’s Professionalism Amid High Voter Turnout

#OndoDecides2024: PDP Candidate, Ajayi Decries Voting Delays, Raises Concerns Over INEC Bias

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Rep Raises the Alarm Over Mismatched Gazetted Tax Reform Laws

Dollar Trades Flat In Black Market, Appreciates In Official Window

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SEC Orders Full Registration of Tradable Instruments by January 2026

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