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Article 'CBN: Dangote Refinery to Lower Transportation Costs and Food Inflation'- Wakanda
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![Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market](/data/attachments/208/208398-6b420ca64d95293fadcf9548ce69b3bb.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
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Nigeria NDIC Reveals BVN Discrepancies Delaying Heritage Bank Customer PayoutsIt's information is clear and prompt.
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Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher...
Americas
Elon Musk's Bold Plan to Transform X/Twitter: Subscription Fees for All Users! What You Need to Know About the Twitterverse Shake-Up
Image by Iván Jesus Rojas from Pixabay
Elon Musk has suggested that he may transition X, formerly known as Twitter, into a subscription-based social network. During a discussion on artificial intelligence with Israeli Prime Minister Benjamin Netanyahu, Musk mentioned the possibility of charging...
Nigeria
Shocking Revelation: NNPC Fails to Remit $1.9 Billion in 2021- Here's What You Need to Know!"
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Nigerian National Petroleum Corporation Limited (NNPC) did not remit $1.9 billion to the government's account by the end of 2021. NEITI conducts annual audits of the oil, gas, and solid minerals sector in...
Oil marketers in Nigeria have warned that the combination of increasing crude oil prices and the depreciation of the naira against the US dollar may result in a surge in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. They revealed that the cost of crude oil and the...
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Muhammed Shehu, clarified that political officeholders do not earn exorbitant salaries. Contrary to misconceptions, he revealed that President Bola Tinubu earns less than N1.5 million monthly, and ministers earn...
Nigeria has encountered a substantial revenue loss of over N8.7 trillion ($21 billion) from January to August 2023 due to its inability to meet its allocated quota by the Organization of Petroleum Exporting Countries (OPEC). This unfortunate situation has transpired at a time when Nigeria is...
Nigeria's inflation continues to surge, reaching a staggering 25.80% in August 2023, as reported by the National Bureau of Statistics (NBS). This marks a significant 1.72% increase from the 24.08% recorded in July.
The NBS revealed, "In August 2023, the headline inflation rate increased to...
BUA Cement Plc, one of Nigeria's leading cement producers, has announced its intention to reduce the price of cement in Nigeria. The Chairman of the company, Abdul Samad Rabiu, revealed this plan after a meeting with President Bola Tinubu at the State House in Abuja on September 15, 2023...
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