Business

The rhythm of Nigeria's business world
The National Bureau of Statistics reports a staggering 63.85% year-on-year increase in the price of a 12.5kg cooking gas cylinder, raising concerns over affordability and cost of living for Nigerian households. The affordability of a basic household necessity in Nigeria has taken a severe hit...
Louisiana mandates Ten Commandments display in schools, stirring debate on church-state separation. Critics claim it violates the constitution. ACLU plans legal challenge. Louisiana's Governor Jeff Landry has stirred controversy by signing HB 71 into law, mandating the display of the Ten...
Nigeria faces economic turmoil as petrol prices surge by 223% to ₦770 per litre in May 2024, up from ₦238.11 a year ago. The National Bureau of Statistics reports a 9.75% increase month-on-month. Disparities show Jigawa highest at ₦937.50 and Lagos lowest at ₦636.80. Businesses and consumers...
Discover the latest on Nigeria's currency exchange rate as the naira holds steady at N1,490 per dollar on the parallel market, showing a marginal gain. On Wednesday, the Nigerian naira remained stable at N1,490 per dollar on the parallel market, showing a slight improvement from last week's...
Dangote Refinery begins exports of low-sulfur fuel oil to Singapore, marking its Asian market entry. The refinery, Africa’s largest, plans to eliminate Nigeria’s petrol imports by mid-July, reinforcing its pivotal role in the global energy trade. The Dangote Refinery in Nigeria is set to export...
Nvidia overtakes Microsoft as the world's most valuable company, driven by surging demand for its AI chips. Stock surge lifts market cap to $3.3 trillion. In a groundbreaking shift, Nvidia, the graphics card-making firm, has dethroned Microsoft to become the world's most valuable publicly...
Explore Nigeria's economic landscape: the naira holds steady at N1500 against the dollar amid high inflation, while the CBN implements measures to stabilize the FX market. A $2.25 billion World Bank loan aims to bolster economic resilience, impacting currency dynamics in the global market...
Multichoice Nigeria appeals a Competition and Consumer Protection Tribunal ruling imposing a N150 million fine and mandating a free monthly subscription. The tribunal's decision follows Multichoice's objection to jurisdiction. Multichoice Nigeria has appealed the Competition and Consumer...
Find out the latest Dollar to Naira exchange rates in the black market (Aboki fx) for June 16th, 2024. Dollar to Naira exchange rates at Lagos Parallel Market show buying at ₦1485 and selling at ₦1490. Stay informed about the discrepancies between the black market and official CBN rates. The...
Multichoice has adjusted subscription rates for DStv and GOtv in Nigeria following a court order halting planned price hikes. The new prices reflect significant reductions across various packages, aiming to retain subscribers and comply with regulatory mandates. This decision comes amid a...
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