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Latest News in Nigeria - Page 67

Nigeria’s Foreign Reserves Rise As Citizens Sink into Hardship: A Tale of Economic Contradictions

Nigeria’s Foreign Reserves: A Tale Of Contradictions

Nigeria’s Foreign Reserves Surge Amid Deepening Hardship In recent months, Nigeria’s foreign reserves have seen a substantial rise, hitting $40.2 billion in October 2024, up from $38.4 billion in September. This increase, lauded by the government as a sign of economic recovery,

October 25, 2024

Business·FEATURES

Is CBN’s Interest Rate Strategy Worsening Nigeria’s Inflation Crisis?

The Ineffectiveness of CBN’s Rate Hikes As Nigeria faces its worst economic crisis in years, the Central Bank of Nigeria (CBN) has turned to aggressive interest rate hikes, hoping to curb inflation. However, the results so far raise a pressing question: is

October 25, 2024

Cooking Gas: The Fire Nigerians Can’t Afford To Keep Burning

Business·FEATURES·News·Oil & Gas

Cooking Gas: The Kitchen Energy Nigerians Can’t Keep Burning

Nigerians Suffer as Cooking Gas Prices Surge The price of cooking gas, a vital resource for millions of Nigerians, has soared to alarming levels, rising from N700 per kilogram in June 2023 to N1,500 per kilogram by October 2024. This steep price

October 25, 2024

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

Business·Markets·News

Nigeria’s Stock Market Continues Positive Momentum Amid Strong Earnings Reports

Stock Market Surges as Q3 Earnings Fuel Optimism Nigeria’s stock market has maintained a positive trend throughout the week, thanks to strong third-quarter (Q3) earnings reports. The Nigerian Exchange Limited (NGX) has seen increased activity, with investors focusing on fundamentally strong companies.

October 25, 2024

Cabinet Reshuffle: Presidency Clarifies Ministers Were Discharged, Not Sacked

News·Politics

Cabinet Reshuffle: Ministers Were Discharged, Not Sacked, Presidency Clarifies

Tinubu’s Cabinet Reshuffle Clarified The Nigerian Presidency has provided clarity on President Bola Tinubu’s recent cabinet reshuffle, stating that the ministers affected were “discharged” rather than “sacked.” The explanation comes after mixed reactions followed the announcement, with some public confusion over the

October 24, 2024

Nigeria's Foreign Trade Surplus Hits $50.4 Billion: Who Gains as Naira Depreciates

Business·News

Nigeria’s Foreign Reserves Reach $40.2b Amid Shift In Economic Policy

Nigeria’s Foreign Reserves Surge to $40.2 Billion Nigeria’s foreign reserves have increased significantly, reaching $40.2 billion in October 2024, up from $38.4 billion in September. This news was shared by Olayemi Cardoso, the Central Bank Governor, during an investors’ meeting in Washington

October 24, 2024

Business·FEATURES·News·Oil & Gas

Petrol At N1,000 Or Gas At N200? Tinubu’s Costly Dilemma For Drivers

Petrol at N1,000: Nigerians Face a Tough Choice Nigerians are now caught between two hard realities: paying N1,000 per litre for petrol or switching to compressed natural gas (CNG) at a significantly lower cost of N200 per Standard Cubic Meter. This is

October 24, 2024

Business·FEATURES·News·Oil & Gas

Naira-for-Crude: A Bold Gamble For Nigeria’s Refinery Future

The Dangote Petroleum Refinery recently received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL), marking the start of the much-anticipated naira-for-crude sale agreement. This development, confirmed by both the refinery and government officials, signals a new approach

October 24, 2024

Business·FEATURES·News

Cooking Gas Crisis: Will Nigeria’s LPG Export Ban Be The Solution?

The Federal Government has once again intervened to curb the rising prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. This time, the government is taking a bold step by halting LPG exports produced in the country. The drastic rise

October 24, 2024

News·World News

Bank of Canada Cuts Interest Rates As Inflation Reaches Target

Canada Cuts Interest Rates Amid Inflation Victory Canada’s central bank has reduced its key interest rate to 3.75%, marking a critical moment in its battle against inflation. After maintaining a rate of 5.0% for nearly a year, the Bank of Canada has

October 24, 2024

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Latest News in Nigeria - Page 67

Nigeria’s Foreign Reserves: A Tale Of Contradictions

Is CBN’s Interest Rate Strategy Worsening Nigeria’s Inflation Crisis?

Cooking Gas: The Kitchen Energy Nigerians Can’t Keep Burning

Nigeria’s Stock Market Continues Positive Momentum Amid Strong Earnings Reports

Cabinet Reshuffle: Ministers Were Discharged, Not Sacked, Presidency Clarifies

Nigeria’s Foreign Reserves Reach $40.2b Amid Shift In Economic Policy

Petrol At N1,000 Or Gas At N200? Tinubu’s Costly Dilemma For Drivers

Naira-for-Crude: A Bold Gamble For Nigeria’s Refinery Future

Cooking Gas Crisis: Will Nigeria’s LPG Export Ban Be The Solution?

Bank of Canada Cuts Interest Rates As Inflation Reaches Target

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