Latest News - Page 253

Africa

Video: Heavy Rain Causes Flooding, Traffic Gridlock In Parts Of Lagos

Heavy rain on Wednesday morning has caused flooding in different parts of Lagos. The Iyan-Oworo, Olopo Meji areas leading to the 3rd Mainland Bridge were totally flooded causing heavy traffic gridlock. The

Admin

8 months ago

South-east Govs Resolve To Tackle Insecurity, Meet Tinubu For Kanu’s Freedom

Governors in the South-east region of Nigeria have resolved to meet with President Bola Tinubu to discuss all pressing issues affecting the region, including securing the release of the Indigenous People of

Victor Ezeja

8 months ago

List Of Countries Nigerians Can Visit Where Naira Is Stronger

Business·Latest News

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerian Money Supply Reaches Record High In May 2024, Nigeria’s money supply (M3) hit an unprecedented high of N99.23 trillion, raising concerns about the naira’s stability and ongoing inflation. According to the

Emmanuel Ochayi

8 months ago

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power In 2023- Report

Business·Latest News

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Informal Power Spending Soars In 2023 alone, Nigerians spent N16.5 trillion on diesel, petrol, and generators to meet their electricity needs. This figure dwarfs the N1 trillion revenue generated by the formal

Emmanuel Ochayi

8 months ago

Dangote Refinery To Begin Crude Oil Production By End Of 2024, Seeks Local Oil Supply Solutions

Business·Latest News

Dangote Warns High Interest Rates Will Hurt Local Manufacturers

Rising Interest Rates a Major Concern Aliko Dangote, Chairman and CEO of the Dangote Group, has highlighted the adverse effects of rising interest rates on local manufacturers. At the opening session of

Emmanuel Ochayi

8 months ago

Russia-Ukraine War: United States Pledges $2.3bn Security Aid For Ukraine

US Pledges New Security Assistance The United States has announced a new $2.3 billion security assistance package for Ukraine, aimed at providing crucial air defense and anti-tank weapons. This announcement was made

Emmanuel Ochayi

8 months ago

EU-Nigeria Trade Volume Trade Volume Hits €24.6bn Amid 18.7% Drop

Business·Latest News

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

EU-Nigeria Business Forum Reveals New Agribusiness Platform Trade Volume Decline The volume of trade between the European Union (EU) and Nigeria reached €24.6 billion in 2023, despite 18.7% decrease from the previous

Emmanuel Ochayi

8 months ago

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

Business·Latest News·Markets

Equity Market Records Positive Close As Stocks Show Mixed Performance

Nigeria’s equity market recorded its first positive close for the month on Tuesday, July 2, with a slight rise of 0.05 percent after a 0.04% decline from Monday trading as reported by

Emmanuel Ochayi

8 months ago

Business·Latest News·Oil & Gas

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

In a bid to scale up crude oil production, the Nigeria National Petroleum Company Limited (NNPCL) says it has declared a state of emergency in the oil and gas industry. NNPCL Group

Victor Ezeja

8 months ago

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Currency·Latest News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are

Victor Ezeja

8 months ago

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Latest News - Page 253

Video: Heavy Rain Causes Flooding, Traffic Gridlock In Parts Of Lagos

South-east Govs Resolve To Tackle Insecurity, Meet Tinubu For Kanu’s Freedom

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Dangote Warns High Interest Rates Will Hurt Local Manufacturers

Russia-Ukraine War: United States Pledges $2.3bn Security Aid For Ukraine

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

Equity Market Records Positive Close As Stocks Show Mixed Performance

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

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