A new report reveals Dangote and other local refiners face challenges securing sufficient crude oil supplies, impacting Nigeria’s refining capacity. Edwin Devakumar, the Vice-President of Dangote...
The Nigerian Naira plunges to an unprecedented exchange rate of ₦1,750 per US dollar, raising economic concerns nationwide. On Friday, the Nigerian currency, Naira, weakened in...
Dangote Group restarts crude oil purchases from the US, marking the end of a three-month break, as its refinery operations gear up. Dangote Petroleum Refinery has...
The Nigerian Electricity Regulatory Commission (NERC) mandates electricity distribution companies (DisCos) to replace faulty meters at no cost to consumers. The Nigerian Electricity Regulatory Commission has...
The Nigerian Civil Aviation Authority (NCAA) imposes fines of $170 or ₦10,000 for delayed passenger luggage, aiming to improve airline accountability. The Nigeria Civil Aviation Authority...
Nigeria’s inflation rate surged to 33.88% in October, marking the highest level this year. Key drivers include rising food prices and transportation costs, prompting concerns over...
The Nigerian National Petroleum Company Limited (NNPCL) has increased crude oil production to 1.8 million barrels per day, supporting national economic growth and energy stability. The...
The CBN reports that Nigeria’s federal government spent $3.5 billion on international debt servicing over the past nine months, highlighting growing financial strains. During the first...
The EFCC has convicted 50 people involved in currency racketeering and dollarisation schemes in 2024, taking a strong stance against economic crimes in Nigeria. The Economic...
Bitcoin surges past $83,000, reaching a new all-time high after Donald Trump’s election victory, as investors anticipate significant economic shifts. Bitcoin has reached a new all-time...