Economy - Page 18

Oil Prices Slip as US, China Concerns Weigh

Oil prices slipped on Monday after Moody’s downgraded the U.S. sovereign credit rating and official data showed a slowdown in the pace of China’s industrial output and retail sales. Front-month Brent crude futures edged down 37 cents, or 0.57%, to $ 65.04

May 19, 2025

Economy

BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy

The Federal Government of Nigeria has introduced a mandatory N50 Electronic Money Transfer Levy (EMTL) on fintech platforms, including Opay and Moniepoint for transactions of ₦10,000 and above. This new levy, implemented under the Finance Act 2020, had previously only applied to

by News Editor

December 2, 2024

Economy·News

Central Bank of Nigeria Plans Major Workforce Reduction Amid Strategic Restructuring

The Central Bank of Nigeria is reportedly planning to lay off around 1,000 employees as part of a strategic workforce restructuring effort. An allocation of over N50 billion has been designated for severance packages associated with this initiative. This move, spearheaded by

by News Room

December 2, 2024

Economy·News·Politics

Nigeria and France Sign MoU to Develop Mineral Value Chain

Nigeria and France have strengthened their economic cooperation by signing a Memorandum of Understanding (MoU) focused on developing the mineral value chain. This agreement, reached during President Bola Tinubu’s recent visit to France, is in line with the Tinubu’s Renewed Hope Agenda

by News Editor

December 2, 2024

Economy

Another Multinational Company Plans Exit from Nigeria

Swiss cement giant Holcim has announced plans to exit the Nigerian market, citing challenging economic conditions under the administration of President Bola Tinubu. The decision was reported by The People’s Gazette.Holcim’s planned withdrawal comes amid persistent economic issues, including high inflation, currency

by News Editor

December 1, 2024

Economy

VDM Submits Petitions Against Access Bank On Behalf Of A Widow

Just a week after Access Bank asserted that there was no missing N500 million from a customer’s account, popular social media influencer Vincent Otse, known as “VeryDarkMan,” has filed a petition against the bank on behalf of a widow, alleging that N500

by News Room

December 1, 2024

Economy

Pure Water is not Banned in Lagos State – Commissioner Clarifies

The Lagos State government has neither banned sachet water nor have any plans to do so, the Commissioner for Environment and Water Resources, Tokunbo Wahab has said. Wahab stated this in a post on Sunday while reacting to a viral video showing

by Abraham Iluobe

December 1, 2024

Economy

TotalEnergies Takes Another Giant Step in Gas Project in Nigeria

TotalEnergies, a prominent French energy company, is set to invest approximately $750 million in a gas project in Nigeria by 2025. This announcement was made by Mike Sangster, the company’s Senior Vice President for Africa, during the France-Nigeria Business Forum held in

by News Room

November 30, 2024

Economy·News

Fire Disaster at Idumota Auto Spare Parts Shops

The Lagos State Emergency Management Agency (LASEMA) reported significant property damage amounting to millions of naira due to a fire incident in Idumota, Lagos. According to Olufemi Oke-Osanyintolu, the agency’s permanent secretary, the fire broke out on Friday night. Initial investigations indicated

by News Room

November 30, 2024

Economy·News

President Tinubu Celebrates Revival Of Port Harcourt Refinery – State House Press Release

The Commander in Chief of the Federal Republic, President Bola Tinubu has extended his heartfelt congratulations to the Nigerian National Petroleum Company Limited (NNPCL) on the resumption of operations at the Port Harcourt Refinery. This was made known today via a state

by News Room

November 26, 2024

Economy·News

Port Harcourt Refinery Now in Operation, NNPCL

In a recently released statement, the Nigerian National Petroleum Company (NNPC) Limited announced that the Port Harcourt refinery has officially begun processing crude oil. This achievement marks a significant milestone, heralding a new era of energy independence and economic growth for the

by News Room

November 26, 2024

Economy·News

Oil Marketers Strike Deal with Dangote Refinery

Further to the earlier news of Dangote refinery reduction of PMS price from N990 to N970 per litre, the Oil marketers must have also struck a deal Dangote refinery for the supply of at least 28 million litres of petrol daily in

by News Room

November 25, 2024

Economy·News

BREAKING NEWS: Dangote Refinery Reduces PMS Price For Marketers.

In a significant update, the Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly referred to as petrol. The new price will drop from N990 per litre to N970 per litre for the marketers. This announcement

by Abraham Iluobe

November 24, 2024

Economy

UK Embassy Announces Changes to Visa Application Process in Nigeria

The UK embassy has announced updates regarding visa applications and processes through a statement on its X (formerly Twitter) account. These updates will involve changes to the locations where applicants can submit and collect their documents. The statement noted, “Our visa application

by News Room

November 22, 2024

Economy

We Buy Condemned/Used Batteries at Edward Louis Limited

Do not throw away your condemned or used batteries any more. A reputable company called Edward Louis Limited is offering to give you money for your condemned or used batteries. You can reach out to them on 08063551513 or 08099972078.

by News Room

November 20, 2024

Economy

Nigerian Electricity Regulatory Commission (NERC) Directs DisCos to Replace Old Electricity Meters Free of Charge.

The Nigerian Electricity Regulatory Commission in a public notice released has made it known that they are aware that some Distribution Companies (DisCos) have instructed customers to apply and pay for the replacement of faulty and obsolete meters within their franchise areas.

by News Room

November 19, 2024

Previous 1 … 16 17 18 19 Next

Economy - Page 18

Oil Prices Slip as US, China Concerns Weigh

BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy

Central Bank of Nigeria Plans Major Workforce Reduction Amid Strategic Restructuring

Nigeria and France Sign MoU to Develop Mineral Value Chain

Another Multinational Company Plans Exit from Nigeria

VDM Submits Petitions Against Access Bank On Behalf Of A Widow

Pure Water is not Banned in Lagos State – Commissioner Clarifies

TotalEnergies Takes Another Giant Step in Gas Project in Nigeria

Fire Disaster at Idumota Auto Spare Parts Shops

President Tinubu Celebrates Revival Of Port Harcourt Refinery – State House Press Release

Port Harcourt Refinery Now in Operation, NNPCL

Oil Marketers Strike Deal with Dangote Refinery

BREAKING NEWS: Dangote Refinery Reduces PMS Price For Marketers.

UK Embassy Announces Changes to Visa Application Process in Nigeria

We Buy Condemned/Used Batteries at Edward Louis Limited

Nigerian Electricity Regulatory Commission (NERC) Directs DisCos to Replace Old Electricity Meters Free of Charge.

Latest News

Oil Prices Slip as US, China Concerns Weigh

Don’t Allow Marte Fall To Boko Haram, Zulum Begs FG

Nnamdi Azikiwe University Appoints Professor Carol Umobi as Acting Vice-Chancellor

Osimhen Shines as Galatasaray Clinch Title in Style

OKC Thunder Crush Nuggets to Reach Western Conference Finals

Nigeria’s Inflation Dropped To 23.71 Percent In April – NBS

Scudetto race goes to final day as Inter and Napoli both held

Subscribe To Our Newsletter

Suggestions

Economy - Page 18

Latest News

Subscribe To Our Newsletter