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Latest News in Nigeria - Page 79

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

#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

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

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

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

Business·Markets·News

Nigeria’s Equity Market Surges By N1.158trn In September

Nigeria’s equity market witnessed a notable rise in September, growing by 2.05% or N1.158 trillion. This surge pushed the market’s year-to-date return to an impressive +31.81%. The rise came as investors poured money into banking, oil & gas, and insurance stocks, despite

October 1, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote To Transport Refined Products By Sea

The Dangote Group has announced plans to start transporting refined petroleum products by sea. This development aims to ease road congestion and facilitate smoother export operations to other African countries. In a statement on Sunday, the Senior Adviser to the Group President

September 30, 2024

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

Business·News

UBA Sees 16% Profit Decline In H1 Despite Interest Income Surge

UBA Reports 16% Drop in Profit for H1 2024 United Bank for Africa (UBA) has reported a profit after tax of N316.4 billion for the first half (H1) of 2024. This figure marks a 16% decrease compared to the N378.2 billion the

September 30, 2024

Africa·Business·News

AfDB Pledges Support To Lagos Health Sector, Aims To Curb Nigeria’s $1bn Monthly Medical Tourism Loss

AfDB’s Commitment to Boost Lagos Healthcare Sector The African Development Bank (AfDB) has expressed its commitment to supporting Lagos State in improving its healthcare system to reduce Nigeria’s reliance on medical tourism. At least $2.4 trillion is being lost annually in global

September 30, 2024

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

Business·News·Oil & Gas

Over 7m Barrels Of Crude Oil Stolen From Nigeria In 2023, NEITI Reports

Crude Oil Losses Fall Dramatically in 2023 Nigeria’s crude oil theft has seen a significant drop, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). The latest report, covering 2022 and 2023, reveals that about 7.68 million barrels of crude oil were

September 30, 2024

#Nigeria@64: Nigerian Government Rolls Out 64 CNG Buses, Promises More Transport Solutions

Business·News

#Nigeria@64: Government Rolls Out 64 CNG Buses, Labour Wants More

Nigerian Government Unveils CNG Buses to Ease Transportation Costs The Nigerian Government introduced 64 compressed natural gas (CNG) buses on Sunday as part of its effort to address the country’s transport challenges. The rollout, which coincides with Nigeria’s 64th Independence anniversary, aims

September 30, 2024

Business·FEATURES·News

#Nigeria@64: A Nation At The Crossroads Amid Economic Hardships

As Nigeria marks its 64th Independence Day, there is little celebration nationwide. Instead, there’s growing frustration as many citizens express their concerns about the country’s state, particularly under the economic reforms introduced by President Bola Tinubu. Since assuming office, Tinubu’s policies have

September 30, 2024

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Latest News in Nigeria - Page 79

#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

Nigeria’s Equity Market Surges By N1.158trn In September

Dangote To Transport Refined Products By Sea

UBA Sees 16% Profit Decline In H1 Despite Interest Income Surge

AfDB Pledges Support To Lagos Health Sector, Aims To Curb Nigeria’s $1bn Monthly Medical Tourism Loss

Over 7m Barrels Of Crude Oil Stolen From Nigeria In 2023, NEITI Reports

#Nigeria@64: Government Rolls Out 64 CNG Buses, Labour Wants More

#Nigeria@64: A Nation At The Crossroads Amid Economic Hardships

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Dollar Sells For N1,429/$ In Official Window, USD Rate Unchanged In Black Market

Air Peace Denies “Dumping” Passengers in Barbados, Blames Immigration Authorities

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