Economy and Business
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JUST IN: Inflation rises to 34.60% in November
Nigeria’s inflation rate has surged to 34.60% in November, according to the National Bureau of Statistics (NBS). This represents a…
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Yuletide: More woes for Nigerians as cash shortage bites harder amid economic hardship
Nigerians are bracing for a challenging Christmas season as a worsening cash shortage grips the nation, leaving families, small businesses,…
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BREAKING: Naira Reverses Earlier Gains, Drops to N1,745/$1
The Naira has suffered a fresh setback, reversing its recent gains and sliding back to around N1,745/$1 on the parallel…
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More Details Emerge as Port Harcourt Refinery Struggles with Non-Operational Conversion Units, Fail to Produce Petrol
Despite claims by the Nigerian National Petroleum Company Limited (NNPCL) that the Port Harcourt Refinery is back and running, emerging…
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JUST IN: CBN raises interest rate again to 27.50%, retains cash reserve ratio for banks
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by…
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National Assembly Faces Backlash as Nigeria’s Debt Climbs to N138tn
The National Assembly has come under heavy criticism for the swift approval of President Bola Tinubu’s loan requests, raising Nigeria’s…
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Minister Edun Blames Past Administrations for Nigerians’ Economic Pain
Minister of Finance Wale Edun has attributed the economic challenges Nigerians face under President Bola Ahmed Tinubu’s administration to past…
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Economic hardship: More woes for Nigerians as cooking gas prices skyrocket nationwide
Nigeria’s economic hardship is deepening as citizens are now grappling with soaring cooking gas prices. According to the National Bureau…
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Fuel import surges despite NNPCL’s local refinery assurance
The Nigerian National Petroleum Corporation Limited (NNPCL) is under intense scrutiny as fuel importation costs hit nearly ₦3 trillion between…
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BREAKING: Nigeria’s inflation Rate Rises to 33.88%
Nigeria’s inflation rate has risen to 33.88% in October 2024, up from 32.7% in September 2024. According to the latest…
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Taraba Community Protests Rising Costs of Sachet Water
Residents of Taraba’s capital, Jalingo, have voiced mounting frustration over the recent surge in sachet water prices, which have spiked…
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Cost of Cement Rises to N8,800 Amid Skyrocketing Building Material Prices
The cost of building materials in Nigeria has risen sharply, exacerbating the country’s already dire housing crisis and threatening to…
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FG Announces N75bn Single-Digit Interest Loans for MSMEs
The Federal Government of Nigeria has introduced a N75 billion loan programme aimed at supporting 75,000 Micro, Small, and Medium…
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Hardship: Cost of goods to rise as bank network issues delay container pick-ups at ports
Persistent network issues caused by electronic banking portal upgrades at some commercial banks are currently disrupting cargo clearance at Apapa…
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Economic hardship: Nigerian children face malnutrition as food costs skyrocket
Soaring food prices in Nigeria are forcing families to make difficult decisions, with severe consequences for nutrition and health. As…
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FG Secures Agreement with Airport Taxi Operators for CNG Conversion Initiative
In a significant move towards sustainable transportation, the Nigerian government signed an agreement on Tuesday with taxi operators at Nnamdi…
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Fuel Supply to Increase as FG Grants Licenses for Companies to Operate Refineries in Nigeria
Nigeria’s fuel supply is set to increase as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA)…
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FG Offers 50% Tax Cut to Encourage Companies to Raise Employee Wages
The Federal Government has proposed a 50% tax cut for companies that increase wages or provide transportation subsidies to low-income…
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NNPCL Begins $6 Billion Debt Repayment Process, FG Reveals
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to…
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BREAKING: Naira showing signs of recovery – IMF declares
The International Monetary Fund (IMF) has reported that Nigeria’s currency, the naira, is showing signs of stability due to recent…
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