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Article 'Dangote Refinery Ships Petrol to Cameroon, Ghana, South Africa, and Angola'- Nigeria News
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Article 'Shocking NBS Report: Nigerians Spent Over N2 Trillion on Kidnapping Ransoms in 12 Months'- Nigeria News
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Article 'Dangote Cuts PMS Price to N899.50 per Litre, Introduces Special Holiday Offer'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Nigeria's inflation rate for September surged to 26.72%, marking a substantial 0.92% increase compared to the previous month's 25.80%. This data is sourced from the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).
The steep rise in inflation can be...
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Despite global efforts to control methane emissions, a potent greenhouse gas, emissions continue to rise. Fossil fuel production and operation contribute to over a third of these emissions. Although major oil companies, including Shell, claim to be reducing...
The federal government of Nigeria is on the brink of securing a substantial budget support facility amounting to $1.5 billion from the World Bank, announced Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. This significant development was disclosed during the...
The Central Bank of Nigeria (CBN) has attributed the growing disparity between the official and black market exchange rates to the ban on 43 items implemented in 2015. In a press release titled "WHAT YOU NEED TO KNOW ABOUT CBN’S LIFTING OF FOREX RESTRICTIONS ON 43 ITEMS," the CBN explained that...
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In a significant move, the Central Bank of Nigeria (CBN) has lifted the eight-year ban on 43 items that were previously restricted from accessing foreign exchange, according to Business Insider Africa. This decision comes as a response to the...
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TGS-PetroData Offshore Services Limited (TGS-PD) has been granted a Petroleum Exploration Licence (PEL) by the Nigerian Upstream Petroleum Commission (NUPRC) under the new Petroleum Industry Act (PIA) of 2021 - this is the first license to be granted under...
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The West African fuel market is experiencing significant effects from removing petrol subsidies in Nigeria. The Organization of Petroleum Exporting Countries (OPEC) recently reported that Nigeria's decision to stop funding the subsidy has led to a 28% drop in fuel...
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Nigeria's cryptocurrency trades have been growing consistently despite facing government bans and limitations. The Banker reports that the country's crypto market defies the odds, even as traditional financial systems struggle with instability.
In Nigeria...
The exchange rate between the Nigerian naira and the US dollar has plunged to N1040 in the parallel market due to persistently high demand outstripping supply. Forex traders have reported quotes ranging from N1035 to N1045 per dollar, underscoring the heightened scarcity in the unofficial...
Nigeria is grappling with a deepening economic crisis as the Naira plunged to an alarming exchange rate of 1,025 Naira to the US dollar in the parallel market. This decline, which continues to sow panic and instability, has ignited concerns among small-scale enterprises, manufacturers, and...
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