Latest News in Nigeria

Why Inflation Is Rising Rapidly In Nigeria

Inflation in Nigeria: An Alarming Trend Inflation in Nigeria has reached a staggering 33.88% in October, rising from 32.7% the previous month. This sharp increase, driven by factors like currency depreciation, escalating

Emmanuel Ochayi

5 hours ago

Business·Latest News·Markets

Nigeria’s Equity Market Declines As Profit-Taking Halts Rally

Profit-Taking Pushes Equity Market Downward Nigeria’s equity market recorded its first dip this week on Thursday as investors moved to secure profits following three days of consecutive gains. The Nigerian Exchange Limited

Emmanuel Ochayi

5 hours ago

Business·Latest News

Senate Approves Tinubu’s $2.2bn Loan Request

Loan to Address Budget Deficit Sparks Debate The Nigerian Senate has approved President Bola Tinubu’s request for a $2.2 billion loan, intended to partially fund the ₦9.7 trillion budget deficit for the

Emmanuel Ochayi

20 hours ago

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

Business·Latest News·Oil & Gas

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

U.S. Oil Imports Resume After Hiatus The Dangote Petroleum Refinery has resumed importing crude oil from the United States after a three-month break. A shipment carrying two million barrels of WTI Midland

Emmanuel Ochayi

20 hours ago

Cybersecurity: Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 Cyberattacks Weekly

Business·Latest News·Tech News·Top Stories

Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 attacks Weekly

Nigeria Among Top Targets for Cyberthreats Cyberthreats are on the rise in Africa, with Nigeria facing an alarming 4,718 weekly cyberattacks, according to Check Point Software Technologies. The company’s 2024 African Perspectives

Emmanuel Ochayi

21 hours ago

Business·Food·Latest News·Top Stories

Food Security In Nigeria: A National Priority For Economic Stability

The Urgency of Food Security Nigeria, a nation with a growing population, faces an increasing challenge of food insecurity that threatens its social, economic, and national stability. In recent statements, Minister of

Emmanuel Ochayi

1 day ago

Minimum Wage Crisis: Workers, Experts Weigh In On Nigeria's N70,000 Controversy

Business·FEATURES·Latest News·Top Stories

Minimum Wage: Workers, Experts Weigh In On Nigeria’s N70,000 Controversy

The struggle to enforce Nigeria’s minimum wage has reached a critical point. The Nigeria Labour Congress (NLC) has set December 1 as a deadline for all states to comply with the N70,000

Emmanuel Ochayi

1 day ago

Business·Latest News·Markets·Top Stories

Nigeria’s Equity Market Rises By 0.26% As Haldane McCall Gains Momentum Post-Listing

Positive Streak for Equity Market The Nigerian equity market experienced a notable boost this week as the All-Share Index (ASI) rose by 0.26% on Wednesday. This marks the third consecutive session of

Emmanuel Ochayi

1 day ago

Private Capital Investment Drives Equity Rise To $2.27bn In Africa's Q3 Markets

Business·Latest News·Markets

Private Capital Investment In Africa Drives Equity To $2.27bn In Q3

Equity Takes the Lead in Private Capital Investment Private capital investment in Africa reached $2.27 billion in the third quarter of 2024, with equity-based transactions dominating the market. A report from Stears,

Emmanuel Ochayi

2 days ago

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

Business·Latest News

FAAC Shares N1.411trn October Revenue To FG, States, LGs

FAAC Meeting Highlights Revenue Disbursement The Federation Accounts Allocation Committee (FAAC) has announced the sharing of a total revenue of N1.411 trillion among federal, state, and local government councils for October 2024.

Emmanuel Ochayi

2 days ago

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Why Inflation Is Rising Rapidly In Nigeria

Nigeria’s Equity Market Declines As Profit-Taking Halts Rally

Senate Approves Tinubu’s $2.2bn Loan Request

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

Cyberthreats Escalate Across Africa As Nigeria Faces Over 4,718 attacks Weekly

Food Security In Nigeria: A National Priority For Economic Stability

Minimum Wage: Workers, Experts Weigh In On Nigeria’s N70,000 Controversy

Nigeria’s Equity Market Rises By 0.26% As Haldane McCall Gains Momentum Post-Listing

Private Capital Investment In Africa Drives Equity To $2.27bn In Q3

FAAC Shares N1.411trn October Revenue To FG, States, LGs

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