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Latest News in Nigeria - Page 68

Minimum Wage: Akwa Ibom Announces N80,000 For Workers

Akwa Ibom Raises Minimum Wage to N80,000 Akwa Ibom State has announced a new minimum wage of N80,000 for all its employees. The announcement was made by Governor Umo Eno in a statement released by Ini Ememobong, the state’s Commissioner for Information.

October 23, 2024

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Dangote Refinery Receives Four Cargoes Under Naira-for-Crude Deal The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under the newly implemented naira-for-crude agreement. This development was confirmed by officials from both the

October 23, 2024

Business·News

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

The Federal Government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who was facing trial for money laundering. Ekene Iheanacho, Counsel to the Economic and Financial Crimes Commission (EFCC), confirmed the decision in an interview on Wednesday morning.

October 23, 2024

Business·FEATURES·News·Oil & Gas

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

The Deepening Nigerian Energy Crisis Nigeria is currently grappling with a severe energy crisis, one that goes beyond rising fuel prices. Citizens face a shortage of fuel for vehicles, generators, and kerosene for cooking. This is as steady electricity remains a

October 23, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Rises By 0.20% As Investors Anticipate Treasury Bills Auction

Equity Market Continues Upward Trend Nigeria’s equity market showed resilience on Tuesday, rising by 0.20% ahead of the Central Bank of Nigeria’s (CBN) Treasury Bills (T-Bills) auction scheduled for Wednesday, October 23. Investors are anticipating this auction, where a total of N374.67

October 23, 2024

Business·Markets·News

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

Nigerian Banks Secure N1.27 Trillion Amid Recapitalisation Push Nigerian banks have raised N1.27 trillion as part of an ongoing recapitalisation exercise mandated by the Central Bank of Nigeria (CBN). Since the announcement on 29 March 2024, five banks have completed capital-raising efforts,

October 23, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·News

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

IMF’s 2024 Economic Outlook Highlights Global Debt Crisis The International Monetary Fund (IMF) is preparing to release its 2024 economic outlook, bringing attention to the global debt crisis and its potential consequences for both advanced and emerging economies, including Nigeria. The

October 22, 2024

Business·News

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

UBA Continues Growth Streak in Q3 The United Bank for Africa (UBA) has recorded a 149% rise in net interest income in its recently announced unaudited results for Q3 2024. The bank reported gross earnings of N2.398 trillion, an 83.2% increase from

October 22, 2024

Business·Finance & Economy·News

From ‘T-Hope’ To ‘T-Pain’: Is President Tinubu’s Renewed Hope Agenda Failing Nigerians?

Nigerians Struggle with Tinubu’s Reforms Less than two years into President Bola Tinubu’s administration, Nigerians are feeling the sting of reforms meant to revitalize the economy. Once hailed as the leader who would bring “renewed hope,” Tinubu is now being nicknamed “T-Pain”

October 22, 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 Gains 0.64% As Seplat Energy, PZ, Others Shares Surge After Key Acquisition

Equity Market Starts Week Strong with Seplat Energy Leading Nigeria’s equity market kicked off the new week on a positive note, gaining 0.64% at the close of trading on Monday. Investors focused heavily on buying shares of Seplat Energy Plc, PZ Cussons,

October 22, 2024

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Latest News in Nigeria - Page 68

Minimum Wage: Akwa Ibom Announces N80,000 For Workers

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Nigeria’s Equity Market Rises By 0.20% As Investors Anticipate Treasury Bills Auction

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

From ‘T-Hope’ To ‘T-Pain’: Is President Tinubu’s Renewed Hope Agenda Failing Nigerians?

Nigeria’s Equity Market Gains 0.64% As Seplat Energy, PZ, Others Shares Surge After Key Acquisition

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