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Category: Business
Naira declines against dollar on official foreign exchange market
Nigeria’s currency, the naira, depreciated against the dollar at the official foreign exchange market on Tuesday, 24 hours after recording gains. According to data from…
Again, Dangote Refinery reduces fuel price
Dangote Refinery has reduced its ex-depot price of Premium Motor Spirit for the second time in two weeks. The 650,000-barrel-per-day refinery slashed its fuel price…
Ojulari-led NNPCL presents 35 CNG buses to FG
The Nigerian National Petroleum Company Limited (NNPCLP) said it presented 35 compressed natural gas buses to the federal government-backed Presidential Initiative on CNG on Monday….
CBN clarifies claims of hidden charges on non-resident BVN for Nigerians in Diaspora
The Central Bank of Nigeria (CBN) has dismissed rumours of hidden charges in the recently launched Non-Resident Bank Verification Number (NRBVN) platform, insisting that no…
FG fines Multichoice N766m over privacy breaches
The Federal Government, through the Nigeria Data Protection Commission, has imposed a fine of N766,242,500 on Multichoice Nigeria for breaching the Nigeria Data Protection Act,…
NIPOST disowns allegations of drug trafficking through Nigerian courier services under Tinubu
The Nigerian Postal Service (NIPOST), has disowned allegations attributed to it, claiming that drug trafficking through the country’s courier services surged under President Bola Ahmed…
‘Debt servicing costs hit 4.1% of GDP’
Nigeria spent 4.1 per cent of its Gross Domestic Product on debt servicing in 2024, according to the latest Country Focus Report by the African…
Nigeria working to remove bottlenecks in agriculture – Tinubu
President Bola Tinubu on Saturday assured his Brazilian counterpart, Luiz Inacio Lula Da Silva, that he is working to remove all bottlenecks hindering Nigeria’s agric…
Nigeria must review 2025 budget to avert crisis, IMF warns
Nigeria’s fiscal outlook for 2025 is under serious threat, according to the International Monetary Fund, which has warned that the country must urgently revise its…
Cooking gas price increases in Nigeria
Nigeria’s average price for refilling a 12.5kg cylinder of liquefied petroleum gas (LPG) rose by 2.18 per cent on a month-on-month basis, reaching N20,709.11 in…