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Latest News in Nigeria - Page 71

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

Fuel Subsidy Removal: Economic Strategy or Crisis Catalyst? Nigeria’s removal of fuel subsidies is a major turning point in its economic strategy. With petrol prices now exceeding N1,000 per litre in many cities, the government claims this move is necessary for long-term

October 18, 2024

Lawmakers Warns Of Unrest Over Fuel Price Hike Amid Growing Economic Hardship

Business·News·Politics

Lawmakers Warn Of Unrest Over Fuel Price Hike

House of Representatives Warns of Potential Social Unrest The House of Representatives on Wednesday warned that the recent fuel price hike could lead to social unrest across Nigeria. During a plenary session, lawmakers expressed their concerns as negotiations between the Federal Government

October 17, 2024

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

NNPC Retains Control Despite Government Directive The Nigerian National Petroleum Company Limited (NNPC) remains the sole off-taker of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, despite a recent directive by the Federal Government allowing other oil marketers to purchase directly

October 17, 2024

Food Prices Rises Continually As Two-thirds Go Hungry- Report

Business·FEATURES·News

Food Crisis: A Call To Action For Nigeria’s Leadership

Understanding the Food Crisis in Nigeria From the farmers to the business owners in Lagos, the message is clear: Nigeria is facing a food crisis that demands immediate attention. As President Bola Tinubu returns from his annual vacation in the United Kingdom,

October 17, 2024

JP Morgan Calls For Consistent Policies To Attract Investment In Developing Economies

Business·News

JP Morgan Seeks Consistent Policies To Attract Investment In Nigeria

JP Morgan CEO Stresses the Importance of Policy Consistency for Investment JP Morgan CEO Jamie Dimon has highlighted the crucial role of stable and consistent policies in attracting foreign direct investment (FDI) to developing countries like Nigeria. Dimon who spoke during the

October 17, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Equity Market Declines As Inflation Pressures Weigh On Stocks

Equity Market Slips Amid Rising Inflation Concerns Nigeria’s equity market recorded its first drop this week on Wednesday, with the All-Share Index (ASI) declining by 0.25% to 98,291.53 points. This followed the release of the latest inflation data by the National Bureau

October 17, 2024

Nigeria's Interest Rates May Rise Further, World Bank Warns

Business·News

Nigeria’s Interest Rate Hike May Continue, World Bank Warns

Interest Rate Hikes Could Continue Amid Inflation and Currency Pressure Nigeria may continue to experience rising interest rates as inflation and currency weakness persist, according to a recent report from the World Bank. Despite other African nations beginning to lower their interest

October 17, 2024

Nigeria's petrol Import declines In October As Dangote Refinery boosts production

Business·News·Oil & Gas

Nigeria’s petrol Import declines As Dangote Refinery Boosts Production

The importation of petrol into Nigeria has seen a significant drop recently, marking a shift in the country’s fuel supply landscape. According to a report by S&P Global Commodity Insights, the first two weeks of October revealed a steep decline in petrol

October 17, 2024

News

Buhari, Atiku, Others Mourn Victims Of Jigawa Tanker Explosion

105 Confirmed Dead in Jigawa Tanker Explosion Former President Muhammadu Buhari has expressed deep sorrow following a tragic incident, where at least 105 people were killed, and 55 others injured. In a statement by his media aide, Garba Shehu, Buhari said, “The

October 16, 2024

Tanker Explosion In Jigawa Claims 105 Lives, Leaves 55 Injured

News

Jigawa Tanker Explosion Claims 105 Lives, 55 Injured

Tragic Tanker Explosion Claims 105 Lives In Majiya town, Taura Local Government Area of Jigawa State, a petrol tanker explosion has claimed the lives of 105 people. The incident, which occurred around 11:30 pm on Tuesday, has left the community in shock

October 16, 2024

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Latest News in Nigeria - Page 71

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

Lawmakers Warn Of Unrest Over Fuel Price Hike

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

Food Crisis: A Call To Action For Nigeria’s Leadership

JP Morgan Seeks Consistent Policies To Attract Investment In Nigeria

Equity Market Declines As Inflation Pressures Weigh On Stocks

Nigeria’s Interest Rate Hike May Continue, World Bank Warns

Nigeria’s petrol Import declines As Dangote Refinery Boosts Production

Buhari, Atiku, Others Mourn Victims Of Jigawa Tanker Explosion

Jigawa Tanker Explosion Claims 105 Lives, 55 Injured

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