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Nigerian Treasury Bills Yield Climbs Above Inflation

Nigerian Treasury bills yield climbs above inflation as investors position for a major auction and markets anticipate softer monetary policy.
News

Naira Weakens as Dollar Demand Pressures Persist

The naira weakened at the official market as dollar demand surged, prompting fresh calls for deeper intervention from the Central Bank.
Business

Why Exporters Are Struggling

Nigeria’s nonoild export growth is stifled by rising costs, high interest rates and policy restrictions.
News

APC Criticizes Amaechi’s Call for Protests as ‘Unpatriotic’

The APC has condemned Rotimi Amaechi’s call for protests, describing it as unpatriotic and urging Nigerians to support President Tinubu's economic reforms.
News

ExxonMobil’s $10 Billion Investment in Nigeria to Boost Oil Output

ExxonMobil is investing $10 billion in Nigeria’s deepwater oil assets to unlock 180,000 bpd of production, signaling a major boost for the country's oil sector and economy.
News

Nigeria Fights Paris Court Seizure of Presidential Jets in Legal Dispute

Nigeria battles in Paris court to reclaim seized presidential jets amid a $60 million dispute with a Chinese company.
News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.
News

Government Urges Patience Amid Protests, Pledges to Address Economic Issues

The Nigerian government appeals for patience and dialogue as nationwide protests loom, pledging to address the economic issues causing public discontent.
News

Dangote Refinery Set to Disrupt 90 European Refineries

The Dangote Refinery, with its capacity to produce 650,000 barrels per day, threatens to disrupt 90 European refineries and shift global oil market dynamics
News

Nigeria’s Cocoa Plants Struggle, Operating at Just 8% Capacity

Nigeria's cocoa processing plants struggle with infrastructure and financial challenges, operating at just 8% capacity. Efforts to revitalize the sector are underway.
News

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.
News

New Waivers Set to Lower Drug Costs in Nigeria

New waivers on pharmaceutical imports in Nigeria are expected to significantly reduce drug costs, improving healthcare affordability and accessibility.
News

Nigeria Distributes Rice Nationwide to Combat Food Shortage Crisis

Nigeria’s government distributes 740 trucks of rice to all states and the FCT, addressing rising food insecurity and economic hardship.
News

ECOWAS Court Finds Nigerian Government Violated Rights During #EndSARS Protests

The ECOWAS Court has ruled that Nigerian security forces violated the human rights of #EndSARS protesters in 2020. The court ordered compensation for victims and an investigation into the abuses.
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News

Nigerian Treasury Bills Yield Climbs Above Inflation

Nigerian Treasury bills yield climbs above inflation as investors position for a major auction and markets anticipate softer monetary policy.
News

Naira Weakens as Dollar Demand Pressures Persist

The naira weakened at the official market as dollar demand surged, prompting fresh calls for deeper intervention from the Central Bank.
News

Nigerian Bonds Yield Drops as Inflation Slows

Nigerian bonds yield dropped to 15.46 percent as disinflation encourages investor demand, with real interest rates rising and long-term debt instruments attracting strong interest.
News

Unity Bank MD Urges Youths to Embrace Savings Culture

Unity Bank MD urges young Nigerians to embrace a savings culture, stressing financial literacy, early money management, and long-term resilience for economic independence.

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