The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.
Confusion arose online regarding the renaming of Abuja's Murtala Muhammed Expressway. The Nigerian government clarified that only a newly built road received a name change, while the Murtala Muhammed Expressway retains its original designation.
A US-based businessman, Onyejekwe Izuchukwu, was discovered dead in his hotel room in Lagos, Nigeria on June 9, 2024. The 51-year-old Texan was on a business trip and had been staying at the hotel for several days. Authorities have launched an investigation to determine the cause of death, and Izuchukwu's body was transported for autopsy.
The Dangote Refinery has doubled Nigeria’s 11-year power output, significantly enhancing the country's electricity supply and setting a new standard for the energy sector.
Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.
Nigerian President Bola Tinubu has dismissed Ahmadu Mamman, the Director-General of the Bureau of Public Procurement. This move highlights Tinubu's commitment to enhancing transparency and efficiency in government contracts, aligning with his administration's anti-corruption priorities.
Nigeria sends nearly 200 soldiers on a peacekeeping mission to The Gambia, highlighting the country's commitment to regional security despite facing domestic challenges.
Nigeria has lost $1.4 billion in unremitted gas royalties and flare penalties, according to NEITI. This significant financial shortfall highlights the need for improved regulatory compliance in the oil and gas sector, crucial for economic and environmental sustainability.
The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.
Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.
Dangote Refinery is set to process 400,000 barrels of Nigerian crude oil per day, marking a significant step toward reducing the country’s dependence on imported refined fuel and improving energy security.