Fuel price increased by 215.75 per cent in July – NBS
The average price paid by Nigerians for Premium Motor Spirit, known as fuel, increased by 215.95 per cent in July...
business
Nigeria’s daily fuel consumption drops to 52m litres – NMDPRA
Nigeria’s average daily consumption of Premium Motor Spirit (PMS), or petrol, dropped to N52 million litres in July compared to...
Forex crisis: CBN announces new operational guideline to Bureau De Change Operators
The Central Bank of Nigeria has released a series of operational changes to Bureau De Change operations amid the forex...
FG targets 11,500 CNG-enabled vehicles, approves presidential initiative
The federal government approved the establishment of the Presidential Compressed Natural Gas Initiative, PCNGI. Ajuri Ngelale, Special Adviser, to the...
Tinubu vows to harness gas for benefit of Nigerians
President Bola Ahmed Tinubu has vowed to harness the country’s gas resources to benefit all Nigerians. Ajuri Ngelale, the Special...
Ease of doing business: Tinubu vows to remove bottlenecks
President Bola Ahmed Tinubu has reiterated that his administration would remove all bottlenecks of doing business in Nigeria. Aguri Ngelale,...
Nigeria only country selling fuel below N700 per litre – Tinubu
President Bola Ahmed Tinubu has claimed Nigerians buy the cheapest fuel in West Africa. Aguri Ngelale, the Special Adviser to...
Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps”
Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and...
More refineries in Nigeria won’t reduce fuel pump price – Aguri Ngelale
Aguri Ngelale, the Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, has said that having more refineries...
Rhodes Business School, Rhodes University to partner with eLearnAfrica
Recognised as one of the leading business schools for its focus on sustainability and ethical leadership, Rhodes Business School...
Undocumented diaspora remittance reason for forex crisis – CBN
The Central Bank of Nigeria says undocumented diaspora remittance is the reason for the continued fall in Naira in the...
Naira drops further, exchanges at N945/$1
The Naira dropped further in the parallel market on Thursday, trading at N945/$1 in Abuja, compared with the N925 to...
Niger owes Nigeria N4.22bn for electricity supply – NERC
Niger Republic presently owes Nigeria N4.22bn ($5.48m) for electricity provision, according to the Nigerian Electricity Regulatory Commission’s recent quarterly report....
Bakeries shutting down in Zamfara over soaring prices of materials – Usman
The Association of Bread Sellers, Zamfara State, has cried out that the hike in the price of flour and other...
IPMAN confirms another fuel pump price hike
The Independent Petroleum Marketers Association of Nigeria said the price of Premium Motor Spirit, popularly known as fuel would continue...
Naira drops against Dollar, exchanges at N774
The week started negatively as the Naira depreciated against the Dollar, exchanging at N774.78 at the official foreign exchange market...
Experts raise concerns over rising collapse of companies in Nigeria
The news of the imminent exit of GlaxoSmithKline (GSK) from Nigeria sent shockwaves across the country a few days ago....
Nigeria’s N77bn debt shouldn’t be cause for alarm – Senator Jimoh Ibrahim
Jimoh Ibrahim, the senator representing Ondo South senatorial constituency, said Nigeria’s N77 trillion debt should not be a cause for...
NIPOST seals illegal courier, logistics operations in Katsina
The Nigerian Postal Service (NIPOST) sealed offices and impounded some motorcycles when it raided unlicensed and illegal courier and logistics...
“Our diversified business model and commitment to serving our customers responsible for resilient balance sheet” — Ecobank
The CEO of Ecobank Group, Jeremy Awori, has attributed the group’s profitability in the second quarter of 2023 to its...
Forex volatility, drop in vehicle importation cut Customs revenue by 4.5 per cent
Following foreign market volatility, Nigeria’s customs service revenue dropped by 4.5 per cent in the first half of 2023. NCS...
Naira drops against Dollar, exchanges at N775.76 in official window
The Naira on Friday ended the week losing against the Dollar, exchanging at N775.76, at the Investors and Exporters window....
Over 300m Africans go hungry daily – Afreximbank President Oramah
The African Export-Import Bank, Afrixembank, said over 300 million Africans go hungry daily due to food insecurity. According to NAN,...
FG gives tips to boost non-oil export
The Federal government has engaged newly registered exporters on ways to boost non-oil revenue. According to NAN, the Nigerian Export...
High exchange rates, taxes killing private businesses – Nigerian importer Akinola tells Tinubu
Lagos based businessman, Banji Akinola has urged President Bola Tinubu to save private businesses from collapse by reducing the current...
IMF retains 3.2% economic growth forecast for Nigeria
The US-based International Monetary Fund (IMF) has retained its 3.2 per cent forecast for Nigeria’s economic growth in 2023. IMF...
Reps probe oil companies over $9.5bn revenue lost to gas flaring
The House of Representatives has commenced a probe of oil companies operating in the Niger Delta region over $9.05 billion...
