Business
The rhythm of Nigeria's business world
Categories
Trending articles
-
-
Article 'Why the New National ID Card Will No Longer Be Free for Nigerians - NIMC'- Nigeria News
Comments: 0 -
Article 'Auditor-General Uncovers N197.72bn Contract Fraud in Nigerian MDAs'- Nigeria News
Comments: 0 -
-
Article 'Power Supply Shortage: NERC Mandates DisCos to Adjust Band A Customer Levels'- Nigeria News
Comments: 0
Latest comments
-
-
Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
![Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1](/data/attachments/207/207981-14653f6b81669f690c028af5c37d80bb.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1
Nigeria's exchange rate fell to a six-month low of N1,625.88 per dollar on August 4, 2024, indicating ongoing economic challenges. The naira's depreciation coincided with rising petrol prices, contributing to inflation and tightening liquidity in the foreign exchange market, which saw a...
Nigeria
NEC Meeting: Bill Gates and Aliko Dangote Join VP Shettima, Nigerian Governors for Key Discussions
Bill Gates and Aliko Dangote attended the National Economic Council (NEC) meeting in Abuja. The meeting, led by Vice President Kashim Shettima, focused on economic and public health issues, including the polio eradication efforts in Nigeria. Their participation highlights the collaboration...
Nigeria has become the third-largest borrower from the World Bank's International Development Association, with loans rising to $16.5 billion as of June 2024. This increase raises concerns about the country's debt management strategies as it surpasses other nations in borrowing.
As of June 30...
The Manufacturers Association of Nigeria warns that the recent petrol price hike from ₦568 to ₦855 per litre may lead to rising inflation, increasing costs for transportation and goods. This could particularly impact small and medium-sized enterprises, reducing consumer demand and threatening...
Femi Otedola praises Aliko Dangote for starting petrol production at the Dangote Refinery. Otedola describes this achievement as a landmark moment for Nigeria’s energy sector, ending decades of dependence on foreign fuel. The refinery, set to supply 25 million liters daily, symbolizes a...
Aliko Dangote's refinery has launched its first Premium Motor Spirit (PMS), promising fuel quality on par with global standards. This development aims to stabilize Nigeria's economy by reducing reliance on imports, saving foreign exchange, and alleviating fuel shortages amid ongoing financial...
The Dangote Petroleum Refinery has announced it will export its petrol products if the Nigerian National Petroleum Company Limited (NNPCL) and local marketers fail to patronize it. The refinery, with a capacity of 650,000 barrels per day, has begun producing Premium Motor Spirit (PMS) to meet...
President Bola Tinubu has increased the petrol pump price from N650 to N855 per litre, reflecting ongoing fuel scarcity and rising costs in Nigeria. Despite official statements denying prices would reach N1,000, many stations are selling above N900, intensifying public frustration over the...
![Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635](/data/attachments/207/207915-ea497993bb234d0daa3e0be495e1a2ca.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635
As of September 3, 2024, the black market exchange rate for the US dollar to Nigerian naira reached N1,635. This rate reflects a significant disparity with the Central Bank's official rate of N1,590.42, highlighting ongoing economic challenges and currency volatility in Nigeria's foreign...
The Nigerian government plans to increase value-added tax (VAT) from 7.5% to 10%, as revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The proposal aims to enhance tax revenue while concurrently reducing personal income tax for low earners and...
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.