Business - Page 120

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Residents of Lagos, Enugu, and Anambra have lamented challenges posed by the raging scarcity of Premium Motor Spirit (PMS) also known as petrol, and the sudden hike in price of the product.

Deborah Chidinma Chibuife , Jacinta Chisom Oguadinma and Angel Uzochukwu

7 months ago

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Latest News·Markets

Flood, Currency Depreciation, Others To Drive Nigeria’s Inflation In 2025- Report

Nigeria’s inflation rate is expected to remain high in 2025, according to a recent Reuters poll of 15 analysts. The poll predicts that inflation will quicken to 29.1% this year from an

Emmanuel Ochayi

7 months ago

Business·Latest News

Workers’ Day: Nigerian Govt Declares May 1 Public Holiday

The Federal Government has declared Wednesday, May 1, 2024, as a public holiday to commemorate Workers’ Day, honoring the contributions and dedication of Nigerian workers. This announcement was made by the Permanent

Emmanuel Ochayi

7 months ago

Business·Latest News·Oil & Gas

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Amid the raging fuel scarcity in parts of Nigeria, the Nigerian National Petroleum Company Limited (NNPCL), and the Major Energies Marketers Association of Nigeria (MEMAN) have assured that there is adequate stock

Victor Ezeja

7 months ago

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·Latest News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as

Emmanuel Ochayi

7 months ago

Business·Latest News

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

The Central Bank of Nigeria (CBN) has directed mobile money operators and fintech firms to suspend onboarding new customers due to concerns over their Know-Your-Customer (KYC) processes. The move, which affects companies

Emmanuel Ochayi

7 months ago

President of the African Development Bank AfDB Akinwunmi Adesina

Africa·Business·Latest News

$4tn Needed Annually To Achieve SDGs By 2030- Adesina

Dr. Akinwumi Adesina, President of the African Development Bank Group, has underlined that to accomplish the Sustainable Development Goals (SDGs) by 2030, a sizeable yearly expenditure of $4 trillion is needed. At

Emmanuel Ochayi

7 months ago

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Business·Latest News·Markets

Equity Market Sees Sell-Offs As Investors Lose N154bn

The equity market experienced a bearish trading session on Monday, with investors losing N154 billion due to a decline in 19 stocks, including Dangote Sugar, Secure Electronic Technology, and CAP. Despite more

Emmanuel Ochayi

7 months ago

Naira Depreciates Further To N1,419/$1 As EFCC Arrests BDC Operators

Business·Latest News·Markets

Naira Depreciates Further To N1,419/$1 As EFCC Arrest BDC Operators

The Economic and Financial Crimes Commission (EFCC) on Monday conducted a surprise raid on Bureau De Change (BDC) operators in the Wuse Zone 4 area of Abuja, arresting an unspecified number of

Emmanuel Ochayi

7 months ago

Business·Latest News

Shareholders Hail Transcorp Hotels’ Management As It Records Strong Performance In 2023

Shareholders have commended the board and management of Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, following the company’s impressive performance in the 2023 financial year.

Victor Ezeja

7 months ago

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Business - Page 120

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Flood, Currency Depreciation, Others To Drive Nigeria’s Inflation In 2025- Report

Workers’ Day: Nigerian Govt Declares May 1 Public Holiday

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

$4tn Needed Annually To Achieve SDGs By 2030- Adesina

Equity Market Sees Sell-Offs As Investors Lose N154bn

Naira Depreciates Further To N1,419/$1 As EFCC Arrest BDC Operators

Shareholders Hail Transcorp Hotels’ Management As It Records Strong Performance In 2023

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