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Latest News in Nigeria - Page 73

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

Since the fuel subsidy removal on May 29, 2023, Nigerians have faced soaring petrol prices disrupting daily life and pushing many into financial hardship. With fuel costs climbing, inflation has surged, making basic necessities, especially transportation, unaffordable for most people. This report

October 14, 2024

Business·FEATURES·News

Hardship: Tinubu’s Hollow Promises Leave Nigerians In Despair

Nigerians Despair Over Unfulfilled Promises On May 29, 2023, Nigeria’s President Ahmed Bola Tinubu made a significant decision that changed the country’s economy: the removal of oil subsidies. This action has had a profound effect on everyday Nigerians, as rising living costs

October 14, 2024

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Amid Ongoing Court Case

Business·News·Oil & Gas

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

SERAP Challenges Petrol Price Hike in Court The Socio-Economic Rights and Accountability Project (SERAP) has expressed deep concerns over the recent increase in petrol prices by the Nigerian National Petroleum Company (NNPC) Limited. In an open letter dated October 12, 2024, SERAP

October 14, 2024

Business·News

Nigerian Govt Earns N103.7bn From Digital Cash Transfer Levies

Digital Cash Transfer Boosts Government Revenue The Federal Government of Nigeria has earned N103.7bn in revenue through Digital Cash Transfer levies in the first half of 2024. This represents a 7.55% rise from the N96.44bn collected during the same period in 2023,

October 14, 2024

Business·FEATURES·News·Oil & Gas

Crude Oil: Nigeria’s Blessing or Curse?

Blessed with one of the most coveted resources on the planet, crude oil, Nigeria should be swimming in wealth. However, the reality on the ground paints a different picture, where the nation’s crude oil resources seem more of a burden than a

October 13, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery To Begin Crude Oil Production Soon

Dangote Refinery to Start Oil Production in Q4 2024 The Dangote Refinery, West Africa’s largest, is set to begin crude oil production by the fourth quarter of 2024, according to a recent report by S&P Global Commodity Insights. This significant milestone comes

October 12, 2024

Business·News

Nigeria’s FX Crisis Deepens As Foreign Investments Drop Amid Liquidity Concerns

Foreign Exchange Crisis Hits Nigeria’s Investment Market The persistent FX crisis in Nigeria has caused a significant downturn in foreign investments, with investors fleeing the market. Nigeria, once Africa’s largest economy, has struggled to attract both foreign direct investments (FDI) and foreign

October 12, 2024

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

Business·Markets·News

Nigerian Equity Market Closes In The Green As All-Share Index Gains 0.13%

The Nigerian equity market closed on a positive note on October 11, 2024, as the All-Share Index (ASI) rose by 0.13%, adding 129.44 points to close at 97,606.63. This uptick in performance highlights the continued resilience of Nigeria’s stock market, with investors

October 12, 2024

Federal High Court Denies Bail To Binance Executive Gambaryan Again

Business·News

Again, Federal High Court Denies Binance Executive, Gambaryan Bail

Binance Executive’s Bail Denied Despite Health Claims The Federal High Court in Maitama has once again denied the bail application of Tigran Gambaryan, a top executive of Binance Holdings Ltd, who is facing a multi-million-dollar money laundering case. Gambaryan, who has been

October 12, 2024

Naira Falls Against Dollar Across FX Markets

Business·Markets·News

Net Forex Inflows To Nigeria Surge By 67.8% In First Half

Net Forex Inflows Experience Significant Growth in 2024 Net foreign exchange (Net Forex) inflows into Nigeria’s economy surged by 67.8% in the first half of 2024, rising from $16.44 billion in the same period of 2023 to $27.6 billion. This growth was

October 12, 2024

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Latest News in Nigeria - Page 73

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

Hardship: Tinubu’s Hollow Promises Leave Nigerians In Despair

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

Nigerian Govt Earns N103.7bn From Digital Cash Transfer Levies

Crude Oil: Nigeria’s Blessing or Curse?

Dangote Refinery To Begin Crude Oil Production Soon

Nigeria’s FX Crisis Deepens As Foreign Investments Drop Amid Liquidity Concerns

Nigerian Equity Market Closes In The Green As All-Share Index Gains 0.13%

Again, Federal High Court Denies Binance Executive, Gambaryan Bail

Net Forex Inflows To Nigeria Surge By 67.8% In First Half

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