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Article 'Naira-for-Crude: FG Dismisses Rumors, Assures Policy Continuation'- Nigeria News
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Article 'NIMC Alerts Nigerians to Use Official Portal for NIN Modifications'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Donald Trump is considering a travel ban on 43 countries, categorizing them into red, orange, and yellow lists. Nigeria, South Africa, and Egypt are excluded. The ban, similar to past restrictions, may impact U.S. diplomacy. While not finalized, it signals another shift in America’s immigration...
PZ Cussons Nigeria (PCZN) failed to secure the 75% shareholder approval needed to convert a ₦51.79 billion intercompany loan into equity. Despite strong minority shareholder backing, key dissenting votes blocked the deal. The company remains focused on alternative restructuring to address...
Renaissance Africa Energy Holdings has completed its acquisition of Shell Petroleum Development Company (SPDC) in Nigeria. The $1.3 billion deal, backed by regulatory approval, positions Renaissance as a key player in Africa’s energy sector. The company aims to enhance Nigeria’s energy security...
The Nigeria Customs Service (NCS) seized over $1.1 million in undeclared foreign currency at Kano Airport, hidden inside palm-date fruit packs. The suspect, arriving from Saudi Arabia, was handed over to the EFCC, and a court ordered the money’s forfeiture. Authorities urge strict compliance...
Lagos has emerged as Africa’s second-largest city economy, with its GDP reaching $259.75 billion, surpassing other major African cities except Cairo. The state’s economy expanded to N27.38 trillion in 2024, driven by infrastructural investments and economic reforms. However, experts urge...
The naira appreciated to N1,565/$ in the parallel market, while it weakened to N1,537/$ in the official market, narrowing the gap to N37/$. Analysts link the fluctuations to CBN policies and forex supply dynamics, as businesses and investors closely monitor the currency’s stability and future...
The landing cost of petrol in Nigeria has dropped to N774.82 per litre, a 16.5% decrease, due to falling global crude oil prices. This could drive fuel prices lower, sparking competition between NNPC, Dangote Refinery, and importers. Experts predict a further drop to N800 per litre soon.
The...
Bitcoin fell below $77,000 as U.S. recession fears rattled markets, with Ethereum and other cryptocurrencies also tumbling. Investor sentiment weakened after Donald Trump's comments on economic uncertainty. Analysts warn that inflation concerns and interest rates may drive further volatility...
The Nigerian government has reaffirmed its commitment to the Naira-for-Crude policy, ensuring local refineries continue buying crude oil in naira. Officials dismissed speculation of discontinuation, confirming ongoing discussions for a renewed agreement. The policy aims to boost local refining...
The NNPC has clarified that its crude-for-naira deal was a temporary six-month agreement set to expire in March 2025. The company stated that discussions are ongoing for a new contract while reaffirming its commitment to supplying crude for local refining under mutually agreed terms.
The...
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