Nigeria secures $50.8 billion investment deals to strengthen global trade The Federal Government has revealed major progress in its economic diversification agenda, securing $50.8 billion in investment commitments through a series of international engagements, including President Bola Tinubu’s recent overseas visits. Jumoke Oduwole, minister of industry, trade, and investment, disclosed […]

The Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend. But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]

The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit, PMS, commonly known as petrol, to N860 per litre. This development is the latest in a price war among oil marketers and independent petroleum dealers. It is also influenced by fluctuations […]

Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids […]

Oando PLC has been chosen as the preferred bidder for the lease of the Guaracara refinery. Acting Prime Minister Stuart Young, (also Minister of Energy) said the decision was largely based on Oando’s strong financial track record, particularly its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria. The evaluation committee […]

Dr. Bosun Tijani, the Minister of Communication and Digital Economy, says the 50 per cent tariff increase for telecom companies will guarantee meaningful access to telecoms services for Nigerians. The minister said this while briefing State House Correspondents on Thursday. The minister had led Mr. Sunil Mittal, Chairman, Bharti Airtel […]

The Minister of Works, David Umahi, has lamented the skyrocketing price of cement, stating that it has had a significant negative effect on ongoing infrastructure projects across the country. The minister also appealed to cement manufacturers to reduce the price from N9,500 to N7,000, urging that such a decrease would […]

Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery, The PUNCH reports. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper. On Wednesday, the Dangote refinery announced a […]

Former Kaduna State Governor, Mallam Nasir El-Rufai, alongside Bashir Saidu, held a meeting with the executive committee of the Peoples Democratic Party (PDP) in Kaduna today. Details of the meeting, including its purpose and outcomes, are yet to be disclosed at the time of filling this report. News360 Nigeria reports that […]

https://www.youtube.com/watch?v=nc-HkBcrOM0?si=lclOLAESdAslkt-KDaddy D.O.🇳🇬 @DOlusegun PRESIDENT TINUBU PLEDGES SUPPORT FOR FINTECH COMPANIES AS FLUTTERWAVE SEEKS LISTING ON THE NIGERIAN EXCHANGE President Tinubu said his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans. He said this when he received the leadership of Flutterwave […]