Economy
CBN Sells $543.6 Million to ilize Foreign Exce Market Amid Rising Demand
The Central Bank of Nigeria (CBN) has reported that it sold a total of $543.6 million to authorized dealer banks in the Nigerian...
World Bank Approves $1.57 Billion to Boost Nigeria’s Health Sector
The World Bank has announced the approval of three significant financing packages totaling $1.57 billion aimed at enhancing the health sector in Nigeria....
MEMAN Reveals Drop in Landing Cost of Premium Motor Spirit in September 2024
The Major Energies Marketers Association of Nigeria (MEMAN) has reported a significant decrease in the landing cost of Premium Motor Spirit (PMS) in...
Controversy Surrounds Petrol Pricing Between Dangote Refinery and NNPCL
The issue of how much Dangote Refinery sells petrol per litre to the Nigerian National Petroleum Company (NNPC) Limited has sparked significant debate...
MAN Criticizes Government’s Lack of Commitment to Manufacturing Sector
The Manufacturers Association of Nigeria (MAN) has expressed concern over the continued underperformance of the country’s manufacturing sector, which is currently operating at...
President Tinubu Acknowledges Hardship, Blames Past Governments’ Actions and Inaction
President Bola Tinubu has admitted that Nigeria is currently facing significant economic hardship. Speaking during a meeting with the Forum of Former Presiding...
Naira Strengthens as Dollar Supply Increases by 117% in the Forex Market
The supply of the U.S. Dollar and other foreign currencies surged by 117 percent at Nigeria's foreign exchange (FX) market on Friday, boosting...
Coca-Cola System in Nigeria Announces Major $1 Billion Investment Plan Over the Next Five Years
The Coca-Cola System in Nigeria, comprising Coca-Cola Nigeria Limited and its authorized bottler, the Nigeria Bottling Company (NBC), has announced a significant expansion...
APM Terminals Apapa Sees 25% Increase in Non-Oil Export Volumes
Nigeria’s largest container terminal, APM Terminals Apapa, has reported a significant growth in its non-oil export volumes over the past four years. The...
Ebonyi State to Implement National Minimum Wage for Civil Servants Starting September
The Ebonyi State Government has announced that it will begin implementing the Federal Government-approved National Minimum Wage for civil servants starting this September...
