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Dangote Refinery Set to Resolve Nigeria’s Forex’s Crisis – S&P Global

S&P Global reports Dangote Refinery could significantly stabilize Nigeria's forex issues and spur economic growth.

Financial Exclusion Hinders Nigeria’s Informal Sector Growth, Report Reveals

A new report reveals financial exclusion is stifling growth in Nigeria's informal sector, highlighting the need for improved access to funding and banking services.

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UBETAS’ $550M Project to Boost Nigeria’s Domestic Gas Supply

UBETAS Limited has unveiled a $550 million project to expand Nigeria's domestic gas supply, aiming to boost local production and distribution, enhance energy security, and support economic growth.

Rivers Caretaker Chairmen Take Oaths, Face Locked Council Offices

Newly appointed caretaker committee chairmen in Rivers State, Nigeria, face a unique challenge: locked council offices guarded by police. Despite this hurdle, the chairmen have begun working from temporary locations and outlined development plans. The situation creates uncertainty regarding access to resources and potential disruption to local services.

UNODC Warns of 40% Increase in Africa’s Drug Use by 2030

UNODC projects a 40% rise in Africa's drug use by 2030, urging intensified prevention and asset seizure efforts.

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.

Foreign Investors Boost Nigerian Stock Exchange with 437% Trade Surge

The Nigerian Stock Exchange sees a 437% surge in foreign investor trades, driven by improved market conditions and favorable government policies, signaling renewed economic confidence.

Nnamdi Kanu Seeks Negotiation to Resolve Charges, Court Adjourns Trial

In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.

Nigeria to Lose 300 Millionaires in 2024 Due to Economic Woes

Nigeria faces the loss of 300 millionaires in 2024 due to worsening economic conditions and insecurity, reports Henley Private Wealth.

More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households

NAFDAC Warns: Limit Refrigeration of Cooked Foods to Three Days

NAFDAC emphasizes the risks of storing cooked food in refrigerators beyond three days, highlighting the potential for serious health issues.

MKO Abiola’s Legacy in Turmoil: Family Feuds Over Empire

The Abiola family feud over MKO's legacy reveals deep divisions and challenges in preserving the democratic values of the Nigerian hero.

Nigeria Spends N214.29 Billion on Revenue Collection in Q1 2024

Nigeria spent N214.29 billion on revenue collection in Q1 2024, with FIRS, NCS, and NUPRC reporting major increases in collection costs.

High Food Prices Strain Nigerians’ Incomes

High food prices in Nigeria are placing significant strain on household incomes, exacerbating economic challenges across the country.

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Dangote Refinery Set to Resolve Nigeria’s Forex’s Crisis – S&P Global

S&P Global reports Dangote Refinery could significantly stabilize Nigeria's forex issues and spur economic growth.

Financial Exclusion Hinders Nigeria’s Informal Sector Growth, Report Reveals

A new report reveals financial exclusion is stifling growth in Nigeria's informal sector, highlighting the need for improved access to funding and banking services.

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

ASITU Urges Southeast Governors to Intensify Efforts for Nnamdi Kanu’s Release

The Association of Igbo Town Unions (ASITU) commended Southeast governors for their recent decision...