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Category: Business
Sugar price surges by 103% in Nigeria
The price of sugar in Nigeria increased by 103 per cent to N16.76 million per metric ton in the first quarter of 2024 on a…
Nigeria’s diesel price drops by 0.78 percent in May – NBS
The average retail price of Automotive Gas Oil, known as Diesel in Nigeria dropped slightly to N1403.96 per liter in May 2024 from N1415.06 in…
Eid-El-Kabir: Nigerians groan over worsening food inflation
Nigerian Muslims faithful joined their counterparts all over the world to celebrate Eid-El-Kabir. The celebration came amid worsening economic hardship and rising food inflation. Findings…
Naira’s depreciation against dollar continues at FX market
The naira depreciated slightly against the dollar at the official foreign exchange market after the Eid el-Kabir holiday. FMDQ data showed that the naira weakened…
FG calls for investment in SME training to boost African trade
The Federal Government has tasked African countries to invest more in the training of Small and Medium Enterprises to improve trade standardisation and boost the…
Nigerian Govt offers 17 new oil blocks for bidding
The Nigerian Federal Government has announced 17 additional deep offshore oil blocks for the 2024 Licensing Round for oil fields in the country. The Chief…
Proposed shipping regulatory bill triggers fears of higher governance costs
The Nigeria Shipping and Port Economic Regulatory Agency Bill, according to maritime stakeholders, conflicts with the government’s plan to lower the cost of governance. ANOZIE…
NERC okays 450MW deal to avert Zungeru plant shutdown
The Nigerian Electricity Regulatory Commission has approved a deal for the procurement of 450 megawatts of electricity from Zungeru Hydro Electricity Generation Company Limited.The directive,…
Tourism: FG targets $100bn contribution to GDP by 2030
The Federal Government has said arts, culture and the creative economy will increase the country’s gross domestic product by over $100 billion by 2030.The Minister…
Naira appreciates against dollar at black market amid Sallah holiday
The Naira appreciated marginally to N1480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays.Dayyabu…