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Business and Economy
Dangote Refinery Seeks Two Million Barrels of US Oil – Report
Nigeria's newly constructed Dangote Refinery in Lagos is aiming to purchase millions of barrels of US crude oil over the next year as it...
CBN Raises Import Duty FX Amid Naira Depreciation
As the Naira continues its downward trend in the Nigerian Autonomous Foreign Exchange Market (NAFEM) against major currencies, particularly the US dollar, the Central...
NPA meets investors in China discusses next phase of Lekki Port’s development
By our correspondentMohammed Bello-Koko, managing director of the Nigerian Ports Authority (NPA) recently represented the Federal Government at the Board Meeting of the...
FT Lists Nigeria’s BHM Among Africa’s Fastest-Growing Companies
For the second consecutive year, BlackHouse Media (BHM), an independent communications consultancy in Nigeria, has been recognized by the Financial Times as one of...
CLO lampoons FG,marketers over “artificial” scarcity of fuel
By Ogenyi Ogenyi, UyoThe Civil Liberties Organisation, CLO, in Akwa Ibom has expressed disappointment over the inability of the Federal Government to control the...
Fitch Warns CBN Regulations Could Harm Economic Stability
Fitch Ratings has cautioned that the Central Bank of Nigeria's (CBN) new regulations could impede the banking sector's ability to support Nigeria's economic recovery....
Electricity Tariff Hike: Labour Unions Shut Down NERC, DisCos Nationwide
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) launched a nationwide shutdown of electricity distribution companies (DisCos) and the Nigerian Electricity...
$1.3bn Futures: Naira Faces Fresh Pressure
The naira is bracing for increased demand as forward futures contracts totaling approximately $1.3 billion are set to mature by the end of this...
IMF Urges FG to Halt Fuel and Electricity Subsidies
The International Monetary Fund (IMF) has cautioned the Nigerian government to discontinue what it terms implicit subsidies on fuel and electricity.In a recent report...
“Naira’s Value Falls: Exchange Rates Hit N1,510 at Parallel Market and N1,466.31 Officially”
By Milcah TanimuOn Friday, the Nigerian naira experienced a continued decline in value, reaching N1,510 to a dollar at the parallel market. The...
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