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Latest News in Nigeria - Page 70

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

Nigerian Equity Market Defies Inflation, Gains 0.47%

Equity Market Climbs Despite Inflation Concerns In a trading week that ended on Friday, October 18, Nigeria’s equity market surprised many by rising 0.47%, defying inflationary pressure. The National Bureau of Statistics (NBS) had recently reported a September inflation figure of 32.70%,

October 19, 2024

News

Vandals Destroy Shiroro-Kaduna Transmission Towers, Plunge Parts Of Kano, Kaduna Into Darkness

Vandals Destroy Key Shiroro-Kaduna Transmission Towers Parts of Kano and Kaduna have been plunged into darkness after vandals destroyed two transmission towers along the Shiroro–Kaduna power lines. The 330kV transmission lines, a critical part of Nigeria’s electricity grid, were targeted by vandals,

October 18, 2024

Inflation Pushes 129 Million Nigerians Into Poverty Amid Rising Economic Hardship

Business·News

Inflation Pushes 129 Million Nigerians Into Poverty, Says World Bank

Inflation Drives Poverty Surge in Nigeria Inflation continues to be a major economic challenge in Nigeria, with the latest report from the World Bank revealing that 129 million Nigerians now live in poverty. The Nigeria Development Update report, released on Thursday, detailed

October 18, 2024

Business·FEATURES·News·Oil & Gas

The Safety Of Using CNG: A Growing Concern After Benin Explosion

The Push for CNG Adoption in Nigeria As Nigeria continues its shift from petrol and diesel-powered vehicles to Compressed Natural Gas (CNG), a recent incident has thrown safety concerns into the spotlight. On Thursday, October 17, a tragic explosion occurred at a

October 18, 2024

Fueling Nigeria’s Future: Why Collaboration, Not Blame, Is Key To Solving The Fuel Crisis

Business·FEATURES·News

Fuelling Nigeria’s Future: Why Collaboration, Not Blame, Is Key To Solving Fuel Crisis

The ongoing controversy between the Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) over fuel pricing has sparked widespread public debate. IPMAN’s accusations against NNPC Limited’s pricing strategies have raised critical concerns about the national

October 18, 2024

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

Business·Markets·News

Nigeria’s Equity Market Sees Decline As All-Share Index Falls 0.21%, Trading Volume Drops

The equity market faced a dip as the All-Share Index (ASI) dropped by 0.21% during the trading session, reflecting continued challenges in maintaining growth momentum. The index shed 210.15 points, closing at 98,081.38, falling beneath its starting level for the day. Trading

October 18, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News

Dangote Reclaims Africa’s Richest Spot, Net Worth Doubles To $28bn

Dangote’s Wealth Surges Following Refinery Success Aliko Dangote has regained his title as Africa’s wealthiest man after the successful launch of his long-anticipated oil refinery project. His net worth skyrocketed to $28 billion, doubling from previous estimates, as the Dangote Refinery, located

October 18, 2024

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Business·FEATURES·News·Oil & Gas

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

Fuel Subsidy Removal: Economic Strategy or Crisis Catalyst? Nigeria’s removal of fuel subsidies is a major turning point in its economic strategy. With petrol prices now exceeding N1,000 per litre in many cities, the government claims this move is necessary for long-term

October 18, 2024

Lawmakers Warns Of Unrest Over Fuel Price Hike Amid Growing Economic Hardship

Business·News·Politics

Lawmakers Warn Of Unrest Over Fuel Price Hike

House of Representatives Warns of Potential Social Unrest The House of Representatives on Wednesday warned that the recent fuel price hike could lead to social unrest across Nigeria. During a plenary session, lawmakers expressed their concerns as negotiations between the Federal Government

October 17, 2024

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

Business·News·Oil & Gas

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

NNPC Retains Control Despite Government Directive The Nigerian National Petroleum Company Limited (NNPC) remains the sole off-taker of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, despite a recent directive by the Federal Government allowing other oil marketers to purchase directly

October 17, 2024

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Latest News in Nigeria - Page 70

Nigerian Equity Market Defies Inflation, Gains 0.47%

Vandals Destroy Shiroro-Kaduna Transmission Towers, Plunge Parts Of Kano, Kaduna Into Darkness

Inflation Pushes 129 Million Nigerians Into Poverty, Says World Bank

The Safety Of Using CNG: A Growing Concern After Benin Explosion

Fuelling Nigeria’s Future: Why Collaboration, Not Blame, Is Key To Solving Fuel Crisis

Nigeria’s Equity Market Sees Decline As All-Share Index Falls 0.21%, Trading Volume Drops

Dangote Reclaims Africa’s Richest Spot, Net Worth Doubles To $28bn

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

Lawmakers Warn Of Unrest Over Fuel Price Hike

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

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