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Latest News in Nigeria - Page 76

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

Nigeria’s Equity Market Rises By 0.19% Despite Analyst Predictions, Dividend Stocks Lead Surge

Investor Optimism Pushes Equity Market Higher Nigeria’s equity market on Monday surprised many investors as it rose by 0.19%, defying earlier predictions of a downturn. This unexpected rise, driven by increased interest in dividend-paying stocks, saw the market add N107 billion in

October 8, 2024

Business·News·Oil & Gas

NNPCL Ends Sole Off-taker Role For Dangote Refinery, Fuel Marketers To Buy Directly

NNPCL No Longer the Sole Off-taker from Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL) has announced that it will no longer serve as the exclusive middleman between Dangote Refinery and fuel marketers. This shift in policy allows marketers to now

October 7, 2024

Business·FEATURES·News

Enduring Hardship: Nigerians Battle Continuous Rising Costs, Economic Turmoil

The Growing Burden of Hardship in Nigeria For many Nigerians, the daily grind has become a relentless battle for survival. The Senate President Godswill Akpabio acknowledged the reality that millions have been experiencing for months: severe hardship has gripped the nation. From

October 7, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained the bank’s decision to increase the Monetary Policy Rate (MPR) to 27.25% as a necessary step to control inflation. He made this known during an address at the

October 7, 2024

Cooking Gas: The Fire Nigerians Can’t Afford To Keep Burning

Business·News·Oil & Gas

LCCI Commends Government’s VAT Exemptions On Diesel, Cooking Gas, Advocates For CNG Expansion

LCCI Supports VAT Exemption on Diesel and Cooking Gas The Lagos Chamber of Commerce and Industry (LCCI) has praised the federal government’s decision to exempt cooking gas and diesel from Value Added Tax (VAT). This move, according to the LCCI, will help

October 7, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Dangote Refinery Set To Boost Nigeria’s Economy By Over $400bn In Six Years- Report

A report by Analysts Data Services and Resources (ADSR) Limited has predicted that the Dangote Refinery if operating optimally, will push Nigeria’s economy to $484.15 billion in the next six years. The multi-billion-dollar refinery, with a capacity of 650,000 barrels per day,

October 7, 2024

SERAP sues Tinubu, govs over cybercrime law abuse

News·Politics

SERAP Urges Tinubu To Halt Allocations To States Without Credible LGA Elections

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to take action against state governments that have failed to hold credible local government elections. The organization insists that federal allocations to these states should be withheld until they

October 7, 2024

Why Nigeria's Foreign Debt Rises To N30trn- Report

Business·News

Nigeria’s Debt Servicing Rises By 69% in H1, Raising Concerns About Economic Stability

Debt Servicing Increases 69% in H1 2024 Nigeria’s debt servicing payments surged by 69% in the first half of 2024, reaching a staggering N6.04 trillion, up from N3.58 trillion during the same period in 2023. This sharp increase highlights the mounting financial

October 6, 2024

Dangote Refinery: NNPC Boss Denies Owning Blending Plant In Malta

Business·FEATURES·News·Oil & Gas

Why Dangote Refinery Must Not Become Another Monopoly

Launching the Dangote Refinery and Petrochemicals is a milestone in Nigeria’s petroleum industry. After 10 years of development, this refinery promises to breathe new life into a sector plagued by inefficiencies, from dormant public refineries to expensive fuel imports and subsidies. The

October 6, 2024

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Business·News·Oil & Gas

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

The Nigerian Federal Government announced that it has officially begun selling crude oil and refined petroleum products in naira, an initiative that took effect on October 1, 2024. The move is aimed at reducing pressure on the country’s foreign exchange reserves and

October 6, 2024

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Latest News in Nigeria - Page 76

Nigeria’s Equity Market Rises By 0.19% Despite Analyst Predictions, Dividend Stocks Lead Surge

NNPCL Ends Sole Off-taker Role For Dangote Refinery, Fuel Marketers To Buy Directly

Enduring Hardship: Nigerians Battle Continuous Rising Costs, Economic Turmoil

Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

LCCI Commends Government’s VAT Exemptions On Diesel, Cooking Gas, Advocates For CNG Expansion

Dangote Refinery Set To Boost Nigeria’s Economy By Over $400bn In Six Years- Report

SERAP Urges Tinubu To Halt Allocations To States Without Credible LGA Elections

Nigeria’s Debt Servicing Rises By 69% in H1, Raising Concerns About Economic Stability

Why Dangote Refinery Must Not Become Another Monopoly

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

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