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Category: Business
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…
Naira appreciates against dollar on official market
The naira appreciated significantly against the dollar at the official foreign exchange market to begin the week on a bullish note. The Central Bank of…
Concerns as Nigeria’s debt balloons to N149.39tn amid worsening infrastructural deficit
Financial experts and economists have raised concerns over Nigeria’s N149.39 trillion debt profile at the end of the first quarter of 2025 without a commensurate…
Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting
Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre. This comes as petroleum product marketers plan an…
ECOWAS to hold regional youth conference for joint socio-economic solutions in Senegal
The Economic Community of West Africa States (ECOWAS), has unfolded plans to hold a regional youth conference in Saly Portudal, Senegal to harmonize perspectives and…
Nigerian banks announce early closure over half-year audit
Nigerian commercial banks have announced early closure from Monday, June 30, 2025. The banks gave scheduled half-year audit activities as the reason for the early…