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Business and Economy
Nigeria’s oil production drops again, now 1.23mbpd – OPEC
Nigeria's crude oil production saw its second consecutive monthly decline since the start of the year, dropping to 1.231 million barrels per day (mbpd)...
“Naira Surges to 8-Month High Against Dollar as FX Reforms Unlock Liquidity”
By Milcah TanimuThe Nigerian Naira reached an eight-month high of 1,120 against the US dollar on the parallel market, buoyed by...
Kyari: Prioritizing Natural Gas Production and Supply Will Propel Economic Growth and Industrial Development
The Nigerian National Petroleum Company Limited (NNPCL) has highlighted the importance of prioritizing natural gas production and supply for driving economic growth and industrial...
Lower Diesel Costs From Refinery To Rapidly Reduce Inflation – Dangote
Aliko Dangote, the billionaire industrialist, has highlighted that the ability of his refinery to offer diesel at significantly lower prices will bring immediate relief...
FG Commences Repatriation of Foreign Denominated Assets in Q2
The Federal Government has initiated the process of repatriating foreign denominated assets into the formal financial sector of the economy to bolster intermediate and...
UBA Gross Earnings Rises by 143% YoY, Profit hits N757.7bn
By Samuel ItsedeDeclares N2.30 kobo Final DividendTotal Assets Rise by 90.2% to N20.65 trillionShareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%.In...
CBN Directs Banks to Stop Using Foreign Currencies as Collateral for Naira Loans
In a bid to enhance foreign exchange liquidity and stabilize the economy, the Central Bank of Nigeria (CBN) issued a circular mandating Deposit Money...
FG tackles mounting electricity debt, hikes tariff for Band A
The Federal Government of Nigeria has eliminated the electricity subsidy for consumers on Band A feeders, triggering widespread backlash amid ongoing economic challenges. Despite...
Nigeria Secures $1 Billion Loan from Afreximbank, Disbursement Set for May
In a significant development, Nigeria is poised to receive a $1.05 billion syndicated loan supported by oil from the African Export-Import Bank in the...
Lagos State Government Cancels Kantagua Market Project Contract
The Lagos State Government has officially terminated its contract with Bridgeway Global Project Limited for the development of the Kantagua Market.Dr. Olajide Babatunde, the...
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