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Latest News in Nigeria - Page 78

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

Nigeria’s Equity Market Drops 0.33% As Investors Lose N188bn In First October Trade

Nigeria’s Equity Market Starts October with Decline Nigeria’s equity market opened the month of October 2024 with a significant loss, as the Nigerian Exchange Limited (NGX) recorded a 0.33% decline. Investors saw N188 billion wiped off their holdings on the first trading

October 3, 2024

Business·News·Oil & Gas

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

FG Announces VAT Exemption for Diesel, LNG, CNG, and Electric Vehicles The Federal Government has introduced a new value added tax (VAT) exemption on energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles. This move is

October 3, 2024

Business·News

Nigeria’s Cryptocurrency Transactions Reach $59bn In 1 Year Amid FX Crisis

Cryptocurrency Use Increases as Nigeria Faces Economic Pressure Cryptocurrency usage in Nigeria is growing rapidly as the country battles a weakened currency and high inflation. According to a new report from blockchain research firm Chainalysis, Nigeria has become the second-largest country globally

October 2, 2024

Port Harcourt Refinery Fails to Meet Production Deadline After 7th Postponement In 2024, NNPC Remains Silent

Business·News·Oil & Gas

Port Harcourt Refinery Misses 7th Production Deadline, NNPC Remains Silent

The Port Harcourt Refinery in Rivers State has once again failed to commence operations, despite multiple promises from the Nigerian National Petroleum Company Limited (NNPC) and the Ministry of Petroleum Resources. This marks the seventh postponement of the refinery’s production, with the

October 2, 2024

#Nigeria@64: A Nation In Adolescence, Struggling To Find Its Economic Path

Business·FEATURES·News

#Nigeria@64: A Nation In Adolescence, Struggling To Find Economic Path

As Nigeria marks its 64th independence anniversary, its economy is at a crossroads. While 64 years in human terms signifies retirement, in the life of a nation, it can be seen as adolescence — a phase marked by growth, potential, and challenges.

October 2, 2024

Emirates To Suspend Flights To Nigeria Over Inability To Repatriate Earnings

Business·News

Emirates Airlines Resumes Flights To Nigeria After 2-Year Suspension

Emirates Airlines resumed its flight operations to Nigeria on Tuesday after a two-year suspension caused by unresolved issues, including foreign exchange restrictions. Its Flight EK 783 landed at Lagos Murtala Muhammad International Airport (MMIA) at 3:32 pm, marking the first time the

October 2, 2024

nigeria independence day design template eaeeedfec screen

Editorial·News

#Nigeria@64: A Silent Struggle Beneath The Celebrations

As Nigeria marks her 64th independence anniversary, the celebration, much like in previous years, will be subdued. Behind the modest fanfare lies a stark reality—the economy, in the words of many, is “not smiling.” Though a 25-year milestone in democracy is indeed

October 1, 2024

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business·News

#Nigeria@64: LCCI Seeks Bold Economic Reforms To Address Insecurity, Inflation, Oil Theft

Lagos Chamber of Commerce and Industry (LCCI) Calls for Action As Nigeria celebrated its 64th Independence anniversary, the Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to implement strong measures to stabilise the nation’s economy. In a

October 1, 2024

Business·FEATURES·Markets·News

Stock Market Defies Rate Hike, Rises By 31.81%

Stock Market Sees Impressive 31.81% Growth in 2024 Nigeria’s stock market has demonstrated significant resilience in 2024, growing by 31.81% year-to-date, despite monetary policy tightening by the Central Bank of Nigeria (CBN). Key sectors, including Oil & Gas, Consumer Goods, and Industrial

October 1, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·FEATURES·News·Oil & Gas

#Nigeria@64: Naira-for-Crude Deal Kicks Off Tuesday, Govt Set To Save Over $7bn

Nigeria is on the verge of a significant transformation in its energy sector with the launch of the Naira-for-Crude deal. The Federal Government’s plan to begin selling crude oil in naira to domestic refineries, including the Dangote Refinery, will start on October

October 1, 2024

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Latest News in Nigeria - Page 78

Nigeria’s Equity Market Drops 0.33% As Investors Lose N188bn In First October Trade

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

Nigeria’s Cryptocurrency Transactions Reach $59bn In 1 Year Amid FX Crisis

Port Harcourt Refinery Misses 7th Production Deadline, NNPC Remains Silent

#Nigeria@64: A Nation In Adolescence, Struggling To Find Economic Path

Emirates Airlines Resumes Flights To Nigeria After 2-Year Suspension

#Nigeria@64: A Silent Struggle Beneath The Celebrations

#Nigeria@64: LCCI Seeks Bold Economic Reforms To Address Insecurity, Inflation, Oil Theft

Stock Market Defies Rate Hike, Rises By 31.81%

#Nigeria@64: Naira-for-Crude Deal Kicks Off Tuesday, Govt Set To Save Over $7bn

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