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Latest News in Nigeria - Page 80

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

Nigerian Stock Market Gains N15.66trn Despite Economic Challenges

Stock Market Sees Record Gains Despite Economic Pressure Amid Nigeria’s turbulent economic conditions, the stock market recorded a significant N15.66 trillion gain in the first nine months of 2024. Investors have shown increasing confidence, investing in blue-chip companies despite ongoing inflation, a

September 29, 2024

Raw Material Costs Surge By 98.9% In H1 For Major Companies In Nigeria’s Industrial Goods Sector

Business·News

Raw Material Costs Surge By 98.9% In H1 For Industrial Goods Sector

Companies in the industrial goods sector of the Nigeria Stock Exchange (NGX) experienced a sharp rise in their raw material costs during the first half of 2024. According to financial reports, the cost of purchasing materials increased by 98.9%, reaching ₦331.51 billion

September 29, 2024

Business·News·Oil & Gas

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) is confident that Nigeria can reach a daily crude oil production level of 3 million barrels. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this view during a Stakeholders Engagement Session with

September 29, 2024

How 47 Million People Are At Risk of Food Crisis By Mid-2025 – ECOWAS

Business·FEATURES·Markets·News

Nigerians Face Growing Hunger Crisis As Food Insecurity Reaches Critical Levels

A growing hunger crisis is gripping Nigeria, with a staggering 31 million people now struggling with food insecurity. The causes of this crisis are numerous, ranging from escalating insecurity across the country to economic challenges. According to a recent report by Cadre

September 29, 2024

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

Business·Markets·News

Nigeria’s Equity Market Sees N120bn Rise Despite Interest Rate Hike

Equity Market Surges Amid Interest Rate Hike Nigeria’s equity market gained N120 billion last week, rising 0.21 percent despite a surprising interest rate hike by the Central Bank of Nigeria (CBN). The surge in the market was largely driven by buy-side decisions

September 28, 2024

Yahaya Bello: Court Dismisses Bail Application In N110bn Fraud

Business·News·Politics

Yahaya Bello’s Daughters’ School Fees Paid With $300,000- BDC Operator Tells Court

Jamilu Abdullahi, a Bureau de Change (BDC) operator based in Abuja, has testified in court about his role in the payment of $300,000 school fees for Yahaya Bello’s daughters. This testimony raises fresh questions about the financial dealings linked to the former

September 28, 2024

Why NNPC Is Facing Challenges Meeting Crude Supply Demands To Dangote Refinery- PENGASSAN

Business·News·Oil & Gas

Why NNPCL Can’t Meet Crude Supply Demands To Dangote Refinery- PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed why the Nigerian National Petroleum Company (NNPC) Limited is facing difficulties in supplying crude oil to the Dangote Refinery. The revelation was made by PENGASSAN President, Festus Osifo, during

September 27, 2024

Minimum Wage Crisis: Workers, Experts Weigh In On Nigeria's N70,000 Controversy

Business·News

NACCIMA Applauds N70,000 Minimum Wage Payment, Faults Threat For Defaulters

NACCIMA Commends New Minimum Wage The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has applauded the Federal Government’s decision to begin payment of N70,000 minimum wage to workers across the country. In a statement released by the National

September 27, 2024

Business·Markets·News

Nigeria’s Equity Market Records First Decline After CBN’s Rate Hike, Investors Lose N267bn

Nigeria’s equity market saw a 0.47% drop on Thursday following the Central Bank’s decision to raise the Monetary Policy Rate. Equity Market Reacts to CBN Rate Hike Nigeria’s equity market experienced its first decline on Thursday after the Central Bank of Nigeria

September 27, 2024

Challenges of Nigeria: Leadership, Governance, The Struggles Of The People

Business·FEATURES·News·Politics

Challenges of Nigeria: Leadership, Governance, Struggles Of The People

The Challenges Nigeria Faces Today Nigeria, Africa’s most populous nation, has long been plagued by numerous challenges that continue to affect both its governance and its people. Since 2015, when the political atmosphere shifted with the election of President Muhammadu Buhari, the

September 27, 2024

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Latest News in Nigeria - Page 80

Nigerian Stock Market Gains N15.66trn Despite Economic Challenges

Raw Material Costs Surge By 98.9% In H1 For Industrial Goods Sector

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

Nigerians Face Growing Hunger Crisis As Food Insecurity Reaches Critical Levels

Nigeria’s Equity Market Sees N120bn Rise Despite Interest Rate Hike

Yahaya Bello’s Daughters’ School Fees Paid With $300,000- BDC Operator Tells Court

Why NNPCL Can’t Meet Crude Supply Demands To Dangote Refinery- PENGASSAN

NACCIMA Applauds N70,000 Minimum Wage Payment, Faults Threat For Defaulters

Nigeria’s Equity Market Records First Decline After CBN’s Rate Hike, Investors Lose N267bn

Challenges of Nigeria: Leadership, Governance, Struggles Of The People

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