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Latest News in Nigeria - Page 6

Fresh Explosion Hits Soku Oil Facility In Rivers State, Third In One Week

An explosion has hit the Soku oil facility in Akuku Toru Local Government Area of Rivers State. The blast, which occurred early Sunday morning, has raised fresh concerns about oil facility safety in the Niger Delta. The Youths and Environmental Advocacy Centre

March 23, 2025

Business·Markets

How Naira Is Becoming The Most Unpredictable Currency– BDC Operators

Bureau De Change (BDC) operators in Nigeria have raised concerns over the increasing unpredictability of the naira. They say the local currency is now one of the most unstable in the world due to economic instability, forex shortages, and government policies. The

March 23, 2025

Business·News·Oil & Gas

Petrol Imports Rise To 154m Litres Weekly As Naira-for-Crude Crisis Persists

The importation of Premium Motor Spirit (PMS), commonly known as petrol, has risen to 154 million litres weekly, as Nigeria continues to struggle with the Naira-for-Crude policy crisis. Seven vessels carrying imported fuel are expected to arrive at the country’s seaports between

March 23, 2025

Business·Oil & Gas

Top 10 Nigeria’s Oil-producing States by Daily Crude Output

Nigeria is Africa’s largest oil producer, with crude oil playing a central role in its economy. Most of Nigeria’s oil wealth is concentrated in the Niger Delta, where states like Akwa Ibom, Delta, and Rivers contribute significantly to the country’s daily crude

March 23, 2025

Business·News

FAAC Revenue: Federal, State, LGA Share N1.7trn In February

The Federation Account Allocation Committee (FAAC) has distributed N1.7 trillion in revenue among the federal, state, and local governments for February 2025. This was disclosed in a statement by the Director of Press and Public Relations, Bawa Mokwa. The FAAC meeting, held

March 22, 2025

News·Politics

Rivers State: How Fubara, Others’ Suspension Tarnishes Nigeria’s Image – Jonathan

Former President Goodluck Jonathan has cautioned that the suspension of elected officials in Rivers State could severely damage Nigeria’s global reputation. He made this statement during the Haske Satumari Foundation Colloquium in Abuja, expressing concerns over the political turmoil in the state.

March 22, 2025

Africa·Business·Oil & Gas

10 African Countries With The Lowest Fuel Prices In March

Fuel prices have been a significant concern for many African nations, influencing everything from the cost of living to the stability of local economies. In March 2025, despite global market fluctuations, several African countries continue to offer surprisingly low fuel prices. Below,

March 22, 2025

Business·World News

Full List: Remote Jobs For International Students To Cover Tuition, Living Costs

Moving to a new country as an international student is an exciting journey, but it often comes with financial challenges. Tuition fees, accommodation, groceries, and other expenses can quickly add up. Thankfully, remote jobs offer a flexible and convenient way for international

March 22, 2025

Business·Markets

Nigeria’s Stock Market Faces N532bn Loss In One Week Amid Sell Pressure

The Nigerian stock market ended the week of March 21 with a sharp decline, as investors saw a loss of approximately N532 billion. The sustained sell pressure kept activities on the local bourse subdued, leaving many traders disappointed. The All-Share Index (ASI)

March 22, 2025

Business·Finance & Economy

Inflation Drops In Nigeria As Naira Stability, Fuel Price Cuts Take Effect

Nigeria’s inflation rate dropped to 23.2% in February, marking the second consecutive decline since the National Bureau of Statistics (NBS) changed its methodology. This is a significant decrease from 24.5% in January, offering some relief to households struggling with high costs. Experts

March 21, 2025

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Latest News in Nigeria - Page 6

Fresh Explosion Hits Soku Oil Facility In Rivers State, Third In One Week

How Naira Is Becoming The Most Unpredictable Currency– BDC Operators

Petrol Imports Rise To 154m Litres Weekly As Naira-for-Crude Crisis Persists

Top 10 Nigeria’s Oil-producing States by Daily Crude Output

FAAC Revenue: Federal, State, LGA Share N1.7trn In February

Rivers State: How Fubara, Others’ Suspension Tarnishes Nigeria’s Image – Jonathan

10 African Countries With The Lowest Fuel Prices In March

Full List: Remote Jobs For International Students To Cover Tuition, Living Costs

Nigeria’s Stock Market Faces N532bn Loss In One Week Amid Sell Pressure

Inflation Drops In Nigeria As Naira Stability, Fuel Price Cuts Take Effect

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