Business & Finance
DisCos Experience 4.76% Drop in Revenue Collection Efficiency in Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) says that the money collected by electricity companies for their services got worse in...
Nigeria’s Inflation Projected to Decrease to 34.5% in December 2024
Nigeria's inflation rate is likely to drop slightly to 34.5% by December 2024, a decrease of 0.25 percentage points, according...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 22 2024
As of today, December 22 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
A Festive Period of Despair: Nigeria’s Economy in Ruins
The festive season in Nigeria, a time once filled with laughter, joy, and communal sharing, has turned into a bleak...
Dangote vs NNPC: Who Wins Nigeria’s Fuel Price War?
The Dangote Refinery has announced a partnership with MRS to sell petrol at ₦935 per litre across its retail outlets...
PZ Cussons Reduces Pre-Tax Losses by 99.1%, Reports Revenue Growth
PZ Cussons has published its interim financial results for the second quarter of the 2024/25 fiscal year, revealing a substantial...
VanEck CEO Predicts Bitcoin Could Reach $170,000 by 2025
Jan Van Eck, the CEO of VanEck, a $115 billion asset management firm, has projected that Bitcoin will continue its...
Is Nigeria’s Revived Port Harcourt Refinery a Scam?
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumors claiming that the recently resuscitated Port Harcourt refinery has been...
Port Harcourt Refinery Ceases Operations Weeks After $1.5 Billion Rehabilitation
The Port Harcourt Refinery has shut down its operations less than a month after resuming production following a $1.5 billion...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 21 2024
As of today, December 21 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Former IMF Chief Sentenced to Prison for Tax Fraud and Corruption
Rodrigo Rato, the former Managing Director of the International Monetary Fund (IMF) and Spain's ex-Economy Minister, has been sentenced to...
DisCos Record ₦159.3 Billion Revenue Shortfall in Q3 Amid High Operating Costs
In the third quarter of 2024, 11 electricity companies in Nigeria earned ₦466.69 billion from customers, even though they had...
Bitcoin Plummets to $95,000 as Market Reacts to Federal Reserve Rate Cut
The cryptocurrency market has dropped a lot after the United States Federal Reserve decided to lower interest rates by 0.25%....
CBN Allows BDCs to Access $25,000 Weekly from Nigerian FX Market to Meet Seasonal Demand
The Central Bank of Nigeria (CBN) has allowed Bureau de Change (BDC) operators to purchase up to $25,000 weekly in...
Naira Holds Steady at N1,550/$ in Nigeria’s Foreign Exchange Market
The Nigerian naira maintained its resilience against the US dollar on Thursday, closing at N1,540/$ in the official market, a...
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