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Category: Business
Nigeria records trade surplus as export surges in Q1 2024
Nigeria recorded a trade surplus in the first quarter of 2024 as exports rose to N19,167.40 billion while imports stood at N12,643.23 in the first…
Nigeria’s FX reserve rises to $32.8bn after 10-week
After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for…
Nigeria’s GDP per capita to hit $1,120 in five years – IMF
The International Monetary Fund has predicted that Nigeria’s Gross Domestic Product per capita will reach $1,120.67 by 2029.This is according to the Washington-based IMF analysis…
Why Dangote Refinery can’t get enough crude supply from IOCs in Nigeria – LCCI
The Lagos State Chamber of Commerce and Industry has blamed oil theft and vandalization of pipelines for the poor supply of crude to Dangote Refinery…
Naira depreciates against dollar to end week on a negative note
The Naira depreciated against the Dollar on Friday at the foreign exchange market to end the week on a negative note.FMDQ data showed that the…
N150m fine: Multichoice vows to appeal ruling
Multichoice Nigeria says it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal, CCPT, which slammed a N150 million fine against it for…
BREAKING: Multichoice ordered to give Nigerians one month free DSTV, GOTV subscription
A three-man panel of the Competition and Consumer Protection Tribunal has ordered Multichoice Nigeria to give subscribers on the DStv and GOtv platforms one month…
Nigerian govt to suspend tariff, import duty on staple foods, pharmaceuticals, others
The Nigerian government has unveiled a plan to bring down inflation in the country through tariff and import duty suspension for food, raw materials for…
Nigerian govt admits fuel subsidy to gulp N5.4tn in 2024
The Nigerian government has finally admitted that fuel subsidy will gulp N5.4 trillion in 2024 after denial that it completely deregulated the product.Minister of Finance,…
CBN reveals stance on banks’ license withdrawals
The Central Bank of Nigeria has denied allegations that it plans to revoke more bank’s licenses after revoking Heritage Bank’s license.Hakama Sidi Ali, the acting…