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Latest News in Nigeria - Page 75

imagesThe Impending Storm: Transportation Costs Set To Skyrocket As Petrol Prices Rises To Over N1,000

The Impending Storm: Transportation Costs Set To Skyrocket As Petrol Price Rises To Over N1,000

Understanding the Price Hike Petrol price hike in Nigeria has sparked widespread concern across the nation. Transportation costs are set to skyrocket as some stations of the Nigerian National Petroleum Company Limited (NNPCL) have raised the price of petrol to N1,000 and

October 10, 2024

NLC Cancels Planned Protest After Agreement On 35% Telecom Tariff Hike

Business·News

NLC Condemns Petrol Price Hike, Seeks Immediate Reversal

The Nigeria Labour Congress (NLC) has condemned the recent hike in the price of petrol, calling for its immediate reversal. According to the NLC, the government’s repeated focus on fuel price increments is putting an overwhelming burden on Nigerians, worsening poverty levels,

October 9, 2024

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

Business·News·Oil & Gas

Crude-for-Loan: Dangote Calls For End To Mortgaging Crude Oil

Dangote Advocates Halt on Crude-for-Loan Deals Aliko Dangote, the President of the Dangote Group, has urged Nigeria to stop mortgaging crude oil in exchange for loans, warning that such practices could hurt the future of local refineries. He voiced this concern at

October 9, 2024

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

Business·Markets·News

Nigeria’s Equity Market Falters Ahead of Q3 Earnings Season

Nigeria’s equity market on Tuesday failed to sustain the previous day’s gains, with the All-Share Index (ASI) dropping by 0.12%. This downturn in the equity market has been attributed to investors focusing on the upcoming third-quarter (Q3) earnings reports, which are expected

October 9, 2024

Nigeria’s Food Crisis: A Nation Starving For Solutions While Prices Keep Rising

Agro-Economy·Business·FEATURES·News

A Ticking Time Bomb: Food Insecurity Threatens Nigeria’s Stability

Food Insecurity in Nigeria: An Escalating Crisis Nigeria is currently facing a food crisis that threatens both the nation’s economy and national security. According to the United Nations Food and Agriculture Organisation (FAO), over 25 million Nigerians experienced moderate to severe food

October 9, 2024

Business·News

Nigeria’s Capital Importation Reaches $2.60bn In Q2, NBS Reports

NBS Releases New Data on Capital Importation Nigeria’s capital importation in the second quarter of 2024 reached $2.60 billion, according to a fresh report from the National Bureau of Statistics (NBS). This reflects a significant 152.81 per cent increase from $1.03 billion

October 9, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Naira Stability Expected As US Releases Inflation Data

Naira Volatility Declines Amid Inflation Concerns The naira, which has experienced significant fluctuations in recent months, is expected to regain stability in the near term due to continued interventions by the Central Bank of Nigeria (CBN). As the global focus turns to

October 9, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Naira-for-Crude Deal To Last Six Months As Dangote Refinery Receives 400,000 Barrels Of Oil Daily

Naira-for-Crude: A Six-Month Deal at Dangote Refinery The Naira-for-crude deal, in which Nigeria’s National Petroleum Company Limited (NNPC) will supply crude oil to Dangote Refinery in exchange for naira payments, is set to last for six months, according to sources close to

October 8, 2024

Business·FEATURES·News

NNPC VS Dangote Refinery Pricing Controversy: Who’s Benefiting?

The Nigerian National Petroleum Company (NNPC) recently set a price range for Premium Motor Spirit (PMS) from the newly commissioned Dangote Refinery, with rates between N950 per litre in Lagos and N1,019 per litre in the northern parts of the country. This

October 8, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·News

CBN Withdraws N1.335trn From Circulation, Money Supply Hits N107.1trn

The Central Bank of Nigeria (CBN) has taken significant action by withdrawing N1.335 trillion from circulation, in a bid to control the country’s expanding money supply. This move is part of the CBN’s ongoing strategy to stabilize the economy and curb inflation.

October 8, 2024

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Latest News in Nigeria - Page 75

The Impending Storm: Transportation Costs Set To Skyrocket As Petrol Price Rises To Over N1,000

NLC Condemns Petrol Price Hike, Seeks Immediate Reversal

Crude-for-Loan: Dangote Calls For End To Mortgaging Crude Oil

Nigeria’s Equity Market Falters Ahead of Q3 Earnings Season

A Ticking Time Bomb: Food Insecurity Threatens Nigeria’s Stability

Nigeria’s Capital Importation Reaches $2.60bn In Q2, NBS Reports

Naira Stability Expected As US Releases Inflation Data

Naira-for-Crude Deal To Last Six Months As Dangote Refinery Receives 400,000 Barrels Of Oil Daily

NNPC VS Dangote Refinery Pricing Controversy: Who’s Benefiting?

CBN Withdraws N1.335trn From Circulation, Money Supply Hits N107.1trn

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