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New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.
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Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.
News

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.
News

Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.
Business

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.
Business

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.
Business

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.
News

CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.
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Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.
News

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.
News

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.
News

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.
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News

New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

NNPCL Challenges Dangote Refinery’s Import Licence Suit

NNPCL counters Dangote Refinery’s bid to monopolize petroleum imports, arguing the suit doesn’t hold water and could be ruinous to the economy.
News

Troops’ Welfare And Nigeria’s Protection My Top Priority, Acting COAS

The Lt. Gen Oluyede is rallying the Nigerian Army to remain focused in turning the tide regarding insecurity, as the handover to the Infantry Corps happens, with priority given to troop welfare and national security.

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