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Latest News in Nigeria - Page 72

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

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

Business·News

Darkness As National Grid Collapses Again

Sixth National Grid Collapse in 2024 On Monday, October 14, 2024, Nigeria’s National Grid collapsed again, plunging the country into total darkness. This marks the sixth time the grid has failed this year, deepening concerns over the stability of the power sector.

October 14, 2024

Business·News·Oil & Gas

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

NNPCL’s Group Chief Executive Officer Reveals Major Losses from Smuggling The Nigerian National Petroleum Corporation Limited (NNPCL) has revealed that during the fuel subsidy regime, petrol smugglers were making enormous profits, with each 6,000-litre truck fetching them up to N17 million when

October 14, 2024

Business·News

Nigerian Govt Proposes Tax Instalment Payment Option In New Bill

Nigeria’s New Tax Bill Offers Instalment Payment Option The Federal Government of Nigeria has introduced a significant change to its tax system by proposing an option for individuals to pay their taxes in instalments. This is part of the broader reforms in

October 14, 2024

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Latest News in Nigeria - Page 72

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

Darkness As National Grid Collapses Again

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

Nigerian Govt Proposes Tax Instalment Payment Option In New Bill

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