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Latest News in Nigeria - Page 85

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

Nigeria’s Equity Market Rises By 0.23%, Investors Focus On Long-Term Prospects

Equity Market Opens with Gains Amid Mixed Signals Nigeria’s equity market started the shortened trading week on a positive note, driven by investor interest in banking and consumer goods stocks. Despite significant profit-taking in insurance, industrial, and oil & gas stocks, the

September 18, 2024

Business·News

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

CBN Maintains 5% Limit on Ways and Means Advances The Central Bank of Nigeria (CBN) has said it will cap its Ways and Means Advances to the Federal Government at 5% for the fiscal years 2024 and 2025. This decision comes despite

September 17, 2024

Business·News·Oil & Gas

Crude-for-Naira Deal To Ease Fuel Prices, Availability From October 1- NECA

Crude-for-Naira Deal to Start from October 1 The Crude-for-Naira initiative, set to begin on October 1, 2024, has generated wide reactions across Nigeria, with key industry players expressing optimism. The agreement struck between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote

September 17, 2024

FAAC Disburses N3.473trn To FG, State, LG In Q2- NEITI

Business·News

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Report Shows Slight Increase in FAAC Allocations The Federation Accounts Allocation Committee (FAAC) has disbursed N3.473 trillion to the federal, states, and local governments in the second quarter of 2024, reflecting a 1.42% increase compared to the first quarter. This information

September 17, 2024

News

Nigeria’s Flooding Crisis: A Pathway To Health Disaster

Flooding in Northern Nigeria: A Looming Health Crisis The recent flooding in northern Nigeria has once again highlighted the country’s vulnerability to natural disasters, but the real concern is the public health disaster that may follow. With hundreds of thousands of people

September 16, 2024

Google, Netflix, Facebook Pay N2.55trn Tax To Nigeria In 6 Months- Report

Business·News

Google, Netflix, Facebook Pay N2.55trn Taxes To Nigeria In 6 Months- Report

Foreign Companies Contribute N2.55tn in Taxes Foreign companies such as Google, Netflix, and Facebook paid N2.55 trillion in taxes to Nigeria during the first half of 2024. This amount marks a significant increase of 158.76% compared to N985.27 billion collected during the

September 16, 2024

Naira-for-Crude Policy: Bold Economic Reform Or Risky Gamble For Nigeria's Future?

Business·FEATURES·News·Oil & Gas

Naira-for-Crude: Bold Economic Reform Or Risky Gamble For Nigeria’s Future?

Nigeria Introduces Naira-for-Crude Policy Nigeria has long been a major player in the global oil market, exporting its crude oil in exchange for US dollars, the dominant currency in international trade. This practice, while in line with global norms, has led to

September 16, 2024

SERAP sues Tinubu, govs over cybercrime law abuse

Business·News·Oil & Gas

SERAP Sues President Tinubu Over Petrol Price Hike, Seeks Reversal To N600 Per Litre

SERAP Takes Legal Action Against President and NNPCL The Socio-Economic Rights and Accountability Project (SERAP) has taken a legal action against President Bola Tinubu, demanding the reversal of the recent petrol price hike and an investigation into alleged corruption within the Nigerian

September 16, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·News·Oil & Gas

Nigeria To Stop Petrol Imports In October, Shifts To Dangote Refinery Supply

NNPC to Stop Petrol Imports as Dangote Refinery Takes Over Starting in October 2024, the Nigerian National Petroleum Company Limited (NNPC) will stop importing petroleum products, provided the local price from the Dangote Refinery remains competitive. This marks a significant shift in

September 16, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·News

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

Nigeria’s Foreign Reserves See Significant Growth Nigeria’s foreign exchange reserves have risen by $621.2 million within 10 days, thanks to the successful sale of a domestic dollar bond. This growth has come at a crucial time, as the country looks to strengthen

September 15, 2024

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Latest News in Nigeria - Page 85

Nigeria’s Equity Market Rises By 0.23%, Investors Focus On Long-Term Prospects

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

Crude-for-Naira Deal To Ease Fuel Prices, Availability From October 1- NECA

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

Nigeria’s Flooding Crisis: A Pathway To Health Disaster

Google, Netflix, Facebook Pay N2.55trn Taxes To Nigeria In 6 Months- Report

Naira-for-Crude: Bold Economic Reform Or Risky Gamble For Nigeria’s Future?

SERAP Sues President Tinubu Over Petrol Price Hike, Seeks Reversal To N600 Per Litre

Nigeria To Stop Petrol Imports In October, Shifts To Dangote Refinery Supply

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

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Germany, Australia, and Lawyers Without Borders Urge Nigeria to Abolish Death Penalty

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

Decarbonisation: Shippers Regret Failure to Reach Consensus on Net-Zero Framework

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Regina Daniels Accuses Husband of Domestic Violence, Family Alleges Assault

Nigerian Lawyer Obamuroh Named Partner at White & Case, Earns Presidential Praise

EFCC Begins Investigation of 32 Suspects in Alleged Ponzi, Employment Fraud in Uyo

Tinubu Returns to Abuja After Attending Aqaba Process Summit in Rome

Investors Shrug Off Banking Jitters, But More Volatility Lies Ahead – deVere CEO

Crypto Dives Further Amid Renewed Deleveraging Events

Innovation Series: Michael Gelpke Brings Home a Governmental Contract Worth 160M USD In Africa

Markets Find Footing as Gold Shines

Regina Daniels Accuses Husband of Domestic Violence, Family Alleges Assault

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