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Category: Business
Hardship pushes 30 per cent of Nigeria’s poultry farmers to shutdown in H1 2024
Poultry farmers have said that 30 percent of poultry farms in Nigeria were shut down in the first half of 2024 due to economic hardship.National…
‘No growth will happen’ – Dangote kicks against CBN’s interest rate
The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest…
EU remains Nigeria’s biggest investor- Ambassador
The European Union Ambassador to Nigeria and the Economic Community of West African States, Samuela Isopi, has said the EU remains Nigeria’s biggest foreign investor…
JUST IN: NNPCL declares state of emergency on oil production
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production.It said this was a move towards increasing Nigeria’s…
75 private aircrafts comply with Nigeria Customs’ verification exercise amid clampdown
The Nigerian government has said that 75 private aircrafts have complied with its Verification Exercise over unpaid import duties.The spokesperson of Nigeria Customs Service, NCS,…
Naira weakens against dollar at official Forex market
The Naira weakened against the dollar at the official foreign exchange market on Monday.FMDQ data showed that the Naira closed at N1508.99 against the dollar…
Tinubu approves new withholding tax policy
President Bola Tinubu has approved a new withholding tax policy for the country altering the existing 1977 Nigeria tax system.The Chairman of the Presidential Committee…
Dangote fuel: Marketers fear high-priced petrol
•Crude price will determine cost of Dangote PMS, DAPPMAN, IPMAN warn FG •Imported crude makes production costs higher, may affect petrol price – Dangote source…
Nigeria’s active Internet subscribers increase to 164.4m in Q1 2024
Nigeria’s active internet subscribers increased by 4.33 per cent to 164,368,292 in the first quarter of 2024, from 157,551,104 in the corresponding quarter last year.The…
Nigeria’s revenue from rail transport rises by 84.9% to N1.42bn in Q1 2024
Revenue generated from passengers by the Nigerian Railway Corporation, NRC, increased by 84.91 per cent to N1.42 billion in the first quarter of 2024 from…