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Nigeria Unveils Advanced SCADA System for National Grid

Nigeria's government has unveiled a new SCADA system to improve grid management and reliability, marking a key step toward energy security
Business

CBN Warns of External Reserve Risks Amid Fuel Subsidy Removal

The Central Bank of Nigeria warns that fuel subsidy removal, increased import costs, and higher debt obligations could threaten external reserve growth by 2024-2025
Business

Moderating Inflation: How Harvest Season Eases Pressure Amid Fuel Price Hikes in Nigeria

Nigeria’s inflation rate eased to 32.15% in August 2024, thanks to the harvest season. However, fuel price hikes continue to pose a threat to stability.
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Nigeria’s Inflation Rate Falls to 32.15 Percent in August 2024

Nigeria's inflation rate eased to 32.15 percent in August 2024, reflecting a slowdown for the second consecutive month despite high food inflation
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Dangote Refinery to Start Fuel Distribution Next Week

Oil marketers will begin loading petrol from the Dangote refinery next week, marking a key moment in Nigeria’s fully deregulated oil sector
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CBN Introduces New Rules to Monitor PoS Transactions

The Central Bank of Nigeria introduces new PoS transaction rules, requiring payments to go through licensed platforms for improved security and transparency
Business

Nigeria’s $1-Billion Iron Ore to Steel Partnership with China: A Blessing or Economic Pitfall?

Nigeria’s $1 billion steel deal with China holds promise for industrial growth but also poses risks of debt and dependency. Learn the potential benefits and drawbacks.
Business

How the 9-percent Increase in VAT Revenue Affects Nigerian Households and Businesses

Nigeria's VAT revenue rose by 9% in Q2 2024, a promising sign for government revenue. However, everyday Nigerians face increasing hardships due to inflation and rising costs
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Nigerian Students Demand Reversal of New N50 Transfer Fee

NANS demands the government reverse a new N50 fintech transfer levy, arguing it adds to financial struggles faced by students
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Dangote Says It Will Change Face Of Fuel Market In Nigeria Through Refinery

Let alone the new launched Dangote Refinery will eventually bring about more decent petrol price in Nigeria, it is high time to pay more attention to the petrol pricing which has a bearing on the entire Nigerian economy
Business

Nigeria Officially Embraces Cryptocurrency, Grants Approvals to Operators

Nigeria grants official approvals to crypto operators, marking a significant shift in its financial operations.
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NUPRC Blocks Shell’s $1.3 Billion Onshore Asset Sale to Renaissance

NUPRC blocks Shell's asset sale to Renaissance, raising questions about compliance and environmental concerns in Nigeria's oil sector.
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