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Latest News in Nigeria - Page 62

Poverty Crisis In Nigeria: Struggling Voices Demand Change Amid Rising Hardship

Poverty Crisis: Struggling Nigerians Demand Change

The Worsening Poverty Crisis in Nigeria Nigeria’s poverty crisis continues to reach new heights. Rising inflation, a struggling currency, and the recent removal of fuel subsidies have pushed many Nigerians to the brink. The hardship has driven public protests and left many

November 10, 2024

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business·News·Oil & Gas

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

Oil Import Decline Reflects Policy Shifts Nigeria’s oil import expenditure sharply dropped by 35% in the second quarter of 2024, with imports amounting to $2.79 billion, a decrease from $4.31 billion recorded in Q1. This trend, reported by the Central Bank of

November 10, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Dangote Refinery to Supply Fuel Across Africa The Dangote Refinery and Petrochemical plant is set to become a major fuel supplier for various African nations, starting with South Africa, Angola, and Namibia. The 650,000-barrel-per-day facility is in advanced negotiations with these nations,

November 9, 2024

Business·FEATURES·News

Failing National Grid: Why Nigeria Needs Urgent Reforms Now

As Nigerians face yet another week of rolling blackouts due to the collapsing National Grid, the public outcry has intensified. Many question why, with abundant resources and the recent governmental promises, Nigeria remains stuck in the dark. This crisis is no longer

November 9, 2024

Tenants Panic As Landlords Blame Rent Hikes On Nigeria's Inflation Rate, Fuel Costs

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

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Nigeria’s Inflation Rate: The Impact on Lagos House Rents Nigeria’s inflation rate has surged to 32.7% in recent months, affecting essential commodities intensely. For tenants and landlords in Lagos, however, these numbers are now more than abstract statistics—they are reshaping lives and

November 9, 2024

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

Business·Markets·News

Nigeria’s Stock Market Sees Mixed Performance, Investors Weigh Fixed Income, Equity Gains

Investor Sentiment in Nigeria’s Stock Market Nigeria’s stock market struggled to maintain upward momentum in the week ending November 8, despite several days of positive trading sessions. Investors were seen taking advantage of relatively low stock prices to accumulate value stocks, while

November 9, 2024

US Election: Things To Know About Trump's Vice President Pick, JD Vance

News·Top Stories·World News

US Election: Things to Know About America’s New Vice President Elect, JD Vance

The 2024 US election has taken an interesting turn with former President Donald Trump selecting JD Vance, a U.S. senator from Ohio, as his vice-presidential candidate. Vance, once a vocal critic of Trump, has undergone a remarkable shift to become a staunch

November 8, 2024

Rising Flames: How Petrol Price Hikes Are Burning Holes In Nigerians’ Pockets

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

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Another Petrol Price Hike Hits Nigerians Nigeria is grappling with yet another petrol price hike, a rise that has sent shockwaves through households, businesses, and the economy at large. The price of petrol has now soared to an unprecedented N1,060 per litre

November 8, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Rises 0.37% As Investors Eye Positive Corporate Actions

Nigeria’s Equity Market Sees Positive Close Amid Mixed Week The Nigerian equity market recorded a slight gain of 0.37% on Thursday, with an uptick of N217 billion in market capitalization. This rise came as investors moved in line with analysts’ expectations, focusing

November 8, 2024

Business·News·Oil & Gas

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

Marketers Warn Against Dangote Monopoly in Nigeria’s Petroleum Sector Three oil marketers, AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited, are calling for continued petrol imports in Nigeria, opposing Dangote Refinery’s request for exclusive control over the nation’s petroleum

November 7, 2024

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Latest News in Nigeria - Page 62

Poverty Crisis: Struggling Nigerians Demand Change

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Failing National Grid: Why Nigeria Needs Urgent Reforms Now

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Nigeria’s Stock Market Sees Mixed Performance, Investors Weigh Fixed Income, Equity Gains

US Election: Things to Know About America’s New Vice President Elect, JD Vance

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Nigeria’s Equity Market Rises 0.37% As Investors Eye Positive Corporate Actions

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

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