Nigerian economy
2 days ago
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…
19 Apr
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
16 Apr
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery's recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…
10 Apr
The president of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Sir Odeiga Jideonwo, has commended the Dangote Group, led by its President, Aliko Dangote, for adding, “immense value to the Nigerian economy and still going stronger.” Mr. Jideonwo stated this at the 35th Enugu International Trade Fair, held Wednesday, 10th April, 2024 with…
22 Mar
On May 29, 2023, the three toughest jobs in Nigeria were the job of President of Nigeria, the Governor of the Central Bank and the Group Managing Director of the NNPC. That same day, Muhammadu Buhari's presidency concluded, and Bola Tinubu took office. Barely a week after assuming office President Tinubu removed Godwin Emefiele as…
14 Mar
The House of Representatives on Wednesday questioned the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari over the failure to remit an unpaid amount of $278,184,937.72 from the transaction involving OML 24 in 2019.
14 Mar
The deputy spokesperson of the House of Representatives, Hon Phillip Agbese, has stated that Bola Ahmed Tunubu's administration has introduced notable reforms in the country's communication sector. Hon. Agbese, who spoke with select journalists during an interactive session, highlighted that the communication sector in the country has been rejigged for operational efficiency with the reforms…
22 Feb
The frequent hikes of the import duty rate may have triggered a major crisis at the Nigerian ports as an increasing number of Nigerian importers are routing their cargoes to Tema, Ghana; Lome, Togo and Cotonou, the Republic of Benin.
2 Feb
The Nigerian-British Chamber of Commerce (NBCC) has called on the government to urgently speed up its ongoing reforms to boost the economy.
2 Feb
As the naira faces a formidable challenge, plummeting to N1,520.123 against the U.S. dollar in the parallel market, Dominic Joshua, a distinguished entrepreneur, finance expert, and owner of a leading fintech enterprise, steps forward with a comprehensive blueprint to restore economic equilibrium. In the midst of escalating depreciation, Joshua shares his multifaceted insights on fortifying…
25 Jan
The farmer waits for rain in the early months of the year. If it rains properly, not the scattered rain that deceives you to plant early, then the farmer would know it is time to plant the yam seedlings. He prays for rain, and when it comes, he prays for more rain.
24 Jan
The Permanent Representative of the Centre for Convention on Democratic Integrity, (CDDI) to the ECOSOC-United Nations and Chairman of the Civil Society Policy Forum of World Bank/ African Countries Caucus, Olufemi Aduwo, extolled the impressive growth recorded so far by the Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari. According to…
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42 mins ago
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.
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Honduras is experiencing a femicide "emergency," a United Nations official warned Wednesday, with at least 66 women murdered so far this year according to activists.
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Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
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As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
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Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.