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Petrol prices in Nigeria are set to rise as depot prices for petrol and diesel increase due to a surge in Brent crude oil prices. Major depots have raised petrol prices to between N950 and N960 per litre. The hike is expected to affect the cost of goods and services.
A price increase for petrol...
Nigeria’s oil production rose by 152,000 barrels per day in November 2024, reaching 1.486 million barrels per day, as per OPEC. However, data from the NUPRC shows a decline in December. The country failed to meet its OPEC target and its 2024 budget benchmark for oil output.
Nigeria's oil...
![Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market](/data/attachments/212/212368-cecc7b1fed30e571bea2decdfbbfcb9d.jpg?hash=PERHMQHP25)
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Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market
The naira fell to N1,548.89 per dollar at the official exchange market on January 13, marking a N5.86 drop from the previous rate. The black market recorded a slight depreciation to N1,667 per dollar. The naira’s decline highlights Nigeria’s ongoing forex challenges and its impact on businesses...
The UK has introduced major changes to its work visa system in 2024, including higher salary thresholds, a new Immigration Salary List, updated occupational codes, restrictions on care worker dependents, and an expanded ETA scheme. These adjustments aim to attract skilled workers while managing...
Mark Zuckerberg’s comments on needing more "masculine energy" in workplaces have sparked debates about inclusivity and corporate culture. While emphasizing the balance between genders, critics question Meta’s recent policy changes on moderation and diversity. Women’s reactions highlight concerns...
Nigeria’s Finance Minister, Wale Edun, confirms that President Tinubu’s economic reforms, including adjustments to PMS pricing and foreign exchange policies, have saved ₦930 billion. These measures have contributed to over 3% GDP growth in 2024, with plans to boost revenue further in the 2025...
The Transmission Company of Nigeria (TCN) clarified that the recent power disruption was caused by tripping in transmission lines, not a national grid collapse. TCN emphasized the importance of accurate reporting, as the grid's generation capacity remained intact despite the outage affecting...
David Moyes has been reappointed as Everton's manager, following the dismissal of Sean Dyche. Moyes, who previously managed the club from 2002 to 2013, returns with vast experience, including successful stints at Manchester United and West Ham United. Everton aims to rebuild as they prepare for...
Maersk Nigeria has relocated its Lagos office to 1226 Bishop Oluwole, Victoria Island, as part of its strategy to enhance service delivery. The company reassures customers that the Apapa counter remains operational, and the relocation will not affect service quality. Maersk continues to support...
General Hydrocarbons Limited (GHL) accuses First Bank of Nigeria (FBN) of contract breaches over Oil Mining Lease 120 funding, sparking a $1 billion lawsuit. Allegations include contempt of court by FBN Chairman Femi Otedola and operational losses. Shareholders demand leadership changes as the...
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