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Latest News in Nigeria - Page 72

Inflation Drops To 1.7% In UK As Policymakers Consider Next Steps

Inflation Falls to Lowest in Three Years UK’s inflation rate fell to 1.7% in the year leading up to September, marking its lowest level in over three years, according to data from the Office for National Statistics (ONS). This decline, primarily driven

October 16, 2024

Market Women, Transport Drivers, Others Displeased With Petrol Price Reduction: “We Expected Better”

Business·FEATURES·News

Petrol Price Reduction To N995: Market women, Transporters, Others Displeased

Market Women and Transport Drivers Feel Strain Despite Petrol Price Reduction Following the recent announcement of a new ex-depot petrol price by the Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN), discontent is brewing among

October 16, 2024

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

Business·Markets·News

Nigerian Stock Market Rally Led by Oil-and-Gas After Aradel Holdings’ Listing On NGX

Aradel Holdings Fuels Stock Market Rally The Nigerian Stock Market experienced a strong rally in oil and gas stocks following the listing of Aradel Holdings on the Nigerian Exchange (NGX) on Monday, October 15. Aradel’s shares rose by 10 percent on the

October 16, 2024

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

Business·News·Oil & Gas

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

The Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have agreed on a new ex-depot price of N995 per litre for petrol. This decision has led to the resumption of fuel loading at depots nationwide,

October 16, 2024

Business·FEATURES·News

Tinubu Administration And Nigeria’s Economic Gamble: A Road To Recovery Or Prolonged Debt?

Nigeria’s Economic Challenges Under Tinubu Administration As Nigeria marked 64 years of independence, President Bola Tinubu delivered a speech outlining the current administration’s efforts to revive the economy. The speech highlighted foreign investments, the country’s foreign reserves, and debt management strategies. However,

October 16, 2024

Nigeria's Inflation Drops To 24.48% In January

Business·News

Nigeria’s Inflation Rises To 32.70% in September As Food Prices Continue To Soar

Nigeria’s Inflation Rate Rises Again Nigeria’s inflation rate rose to 32.70% in September 2024, according to the latest report from the National Bureau of Statistics (NBS). This marks a slight increase from the 32.15% recorded in August, ending two months of slowed

October 15, 2024

Business·News·Oil & Gas

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Nigeria’s crude oil output dropped by 33,000 barrels in September Nigeria’s crude oil production in September fell by 33,000 barrels to an average of 1.405 million barrels per day (bpd), according to the latest report from the Organisation of the Petroleum Exporting

October 15, 2024

Fuel Price Hike: Nigeria’s Economic Reforms At The Cost Of The Masses’ Daily Struggles

Business·FEATURES·News·Oil & Gas

Fuel Price Hike: Economic Reforms At The Masses Expense

The surge in fuel prices in Nigeria, following the removal of fuel subsidies by the Nigerian National Petroleum Corporation Limited (NNPCL), has stirred widespread concern. With fuel prices climbing from N885 to N998 in Lagos and N897 to above N1,000 in different

October 15, 2024

Business·News

Why It Could Take 10-15 Years to Transform Nigeria’s Economy- World Bank

World Bank Urges Nigeria to Implement Key Reforms for Economic Transformation The World Bank has advised Nigeria to adopt key reforms to ensure sustainable economic recovery, warning that it may take 10 to 15 years to transform the economy fully. At the

October 15, 2024

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

Business·Markets·News

Stock Market Sees 0.62% Increase As Investors Eye Q3 Earnings

The Nigerian stock market opened the week strong on Monday, recording a 0.62% rise, as investors turned their focus to the third-quarter (Q3) earnings season. Despite concerns about rising inflation, market participants traded actively, pushing major stocks higher. “We expect mixed sentiments

October 15, 2024

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Latest News in Nigeria - Page 72

Inflation Drops To 1.7% In UK As Policymakers Consider Next Steps

Petrol Price Reduction To N995: Market women, Transporters, Others Displeased

Nigerian Stock Market Rally Led by Oil-and-Gas After Aradel Holdings’ Listing On NGX

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

Tinubu Administration And Nigeria’s Economic Gamble: A Road To Recovery Or Prolonged Debt?

Nigeria’s Inflation Rises To 32.70% in September As Food Prices Continue To Soar

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Fuel Price Hike: Economic Reforms At The Masses Expense

Why It Could Take 10-15 Years to Transform Nigeria’s Economy- World Bank

Stock Market Sees 0.62% Increase As Investors Eye Q3 Earnings

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