Economy
LCCI Urges CBN to Remove Forex Restrictions on 43 Products.
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to eliminate foreign...
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Emadeb Energy Breaks NNPC’s Monopoly, Imports 27 Million Litres of Petrol into Nigeria.
In a significant development for Nigeria's fuel supply chain, Emadeb Energy Services Limited has shattered the long-standing monopoly held by...
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Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.
The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E)...
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FG to Sanction Trade Associations for Anti-Competitive Practices and Food Price Hikes.
In a bid to address the issue of anti-competitive practices and the arbitrary increase in food prices, the Federal Government...
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Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates
The recent decision by Britain's export finance agency to add the Nigerian naira to its list of "pre-approved currencies" marks...
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Britain to add Nigeria’s naira to list of accepted trade currencies.
In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion...
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NNPC Increase Pump price to N617 Per Litre Amidst Economic Hardship
The Nigerian National Petroleum Company Limited (NNPCL) has recently taken a surprising and concerning step by announcing a significant increase...
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Identifying the Factors Behind Nigeria’s Petrol Inflation Surge.
The inflation figures for Nigeria in June 2023 recorded a slight increase compared to the previous month. This rise can...
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Petrol Consumption Reduced to 46.34 Million Litres per Day Following Subsidy Removal- NMDPRA.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the country's daily petrol consumption figure now stands...
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Nigeria’s Inflation Reaches 18-Year High, Government Implements Reforms to Tackle Rising Costs
Nigeria is facing its highest inflation rate in 18 years, with reports indicating that it reached approximately 24 percent in...
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Popular Story
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