The latest data by the National Bureau of Statistics (NBS) on the foreign trade statistics said the increase was from N7.51 trillion recorded in 2023. The development comes despite current increasing domestic refining capacity, especially at the 650,000 barrels-per-day Dangote…
According to market data obtained on Monday, Bitcoin’s price plummeted to $82,267 late Sunday night, marking a 5% decline over the past 24 hours. The development comes as uncertainty surrounding U.S. President Donald Trump’s economic policies continues to ripple through…
The Nigerian Civil Aviation Authority (NCAA) has expressed strong concerns regarding how Nigerian air travellers are being treated by international airlines, lamenting that Nigerians are subjected to the highest airfares across Africa while facing poor service delivery. The regulatory body…
The International Monetary Fund (IMF) has assured that Nigeria’s debt level remains moderate and does not pose a significant risk, despite rising concerns over the country’s economic outlook. Gita Gopinath, the IMF’s First Deputy Managing Director, provided this assessment during…
Tantalizers Plc has announced the signing of a partnership agreement with the US-based marine group Quinn Fisheries and Harvester Fishing for the acquisition of 10 fully equipped modern fishing trawlers. The announcement was published on the Nigerian Exchange on the…
A fierce fuel price war between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery has led to a sharp reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, across the country. The price…
The Federal Government has approved a comprehensive N1.097 billion insurance policy for all airport assets across the country, marking a crucial step in securing critical aviation infrastructure. The announcement was made by the Minister of Aviation and Aerospace Development, Festus…
The Nigerian Naira experienced a slight depreciation in the official foreign exchange market on Monday, closing at N1,498.98 per Dollar, according to data released by the Central Bank of Nigeria (CBN). This marks a N6.49 loss from its previous value…
MTN Nigeria Plc has announced a staggering loss of N400.4 billion for the fiscal year 2024, according to its latest audited financial results. This significant downturn comes despite a notable increase in revenue, which surged by 36.03% from N2.47 trillion…
Nigeria is heading toward the “light at the end of the tunnel” as the country grinds through the second year of a cost-of-living crisis, President Bola Tinubu said Friday. The country has been beset with soaring inflation after Tinubu, elected…
The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this…
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to provide explanations regarding its planned subscription price increase, set to take effect on March 1, 2025. In a statement issued by Ondaje Ijagwu, Director of Corporate Affairs,…
Nigeria’s Gross Domestic Product (GDP) grew by 3.84% year-on-year (YoY) in the fourth quarter of 2024, higher than the 3.46% recorded in the fourth quarter of 2023 and the growth rate in the third quarter of 2024. The performance of…
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. This strategic price adjustment is…
A devastating fire broke out in the early hours of Tuesday, February 25, 2025, at the Ladipo Auto Spare Parts Market in Mushin, Lagos, destroying goods worth billions of naira and leaving traders in anguish. The inferno, which engulfed Warehouse…