Naira Weakens Against Dollar Despite CBN’s Stability Measures

  The Nigerian naira continued to depreciate against the dollar at the official foreign exchange market on Tuesday as the Central Bank of Nigeria retained the interest rate at 27.50…

Breaking:CBN Retains Interest Rate at 27.50% Amid Inflation Moderation

  The Central Bank of Nigeria’s Monetary Policy Committee meeting has retained the country’s interest rate at 27.50 percent. The Governor of CBN, Olayemi Cardoso, disclosed this at the end…

FG to end fish importation

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced plans to end Nigeria’s dependence on imported fish by strengthening local production through comprehensive reforms in the aquaculture and…

Nigeria’s Economy Boosted by 41.7% as GDP Reaches N205 Trillion

  Nigeria’s Gross Domestic Product, GDP, has been rebased from N80 trillion to N205 trillion. The development was announced by the Statistician-General of the Federation, Adeyemi Adeniran. Adeniran stated that…

Nigeria’s Refinery Woes: ADC Calls for Forensic Audit, Public Hearing Amid Privatization Plans

  The African Democratic Congress (ADC) is raising serious alarms over the federal government’s latest move to privatize Nigeria’s state-owned refineries—facilities that have reportedly swallowed close to $18 billion in…

2 lovers arrested over k!lling of their Chinese boss in Ogun

The Nigeria Police Force has successfully arrested two suspects in connection with the heinous m#rder of a Chinese national, Mr. Chen Wang, an employee of WH Great Resource Ltd., Ogere,…

Nigeria’s Retail Fuel Outlets to Reduce Prices Following Dangote Refinery’s Lead

  The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest fuel ex-depot price reduction.…

Dangote Declares Nigeria’s $18 Billion Refinery Rehabilitation a Complete Failure

  The President of Dangote Group, Alhaji Aliko Dangote, has stated that Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna may never function properly again, despite the reported $18…

Nigerian Stock Exchange Surges to New High, Market Capitalization Rises to N78.726 Trillion

  The Nigerian Stock Exchange, under Nigerian Exchange Group, NGX, Limited, recorded a historic milestone as investors gained N1.806 trillion in a single day. This development follows a significant rise…

NNPCL May Sell Port Harcourt, Warri, and Kaduna Refineries Amid Review of Strategie

The Group Chief Executive Officer of Nigerian National Petroleum Company, Bayo Ojulari, has said the state-owned oil company may consider selling the Port Harcourt, Warri, and Kaduna refineries depending on…