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Day: November 5, 2024

Naira Slightly Depreciates as U.S. Dollar Index Recovers After Sell-off
Business News

Naira Slightly Depreciates as U.S. Dollar Index Recovers After Sell-off

Web AdminNovember 5, 2024November 5, 2024
The Nigerian Naira experienced a slight depreciation against the U.S. Dollar on Wednesday, October 30, 2024, at the official foreign exchange market. According to the Nigerian Autonomous Foreign Exchange Market...
Nigeria Launches Voluntary Currency Disclosure Scheme to Boost Economic Transparency and Growth
Business News

Nigeria Launches Voluntary Currency Disclosure Scheme to Boost Economic Transparency and Growth

Web AdminNovember 5, 2024November 5, 2024
The Federal Government of Nigeria has launched a 9-month Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme under Executive Order No. 15 of 2023. The initiative, known as the Disclosure...
Fitch Forecasts Rise in Non-Performing Loans for Nigerian Banks Amid High Interest Rates and Inflation
Uncategorized

Fitch Forecasts Rise in Non-Performing Loans for Nigerian Banks Amid High Interest Rates and Inflation

Web AdminNovember 5, 2024November 5, 2024
Credit ratings agency Fitch has projected an increase in non-performing loans (NPLs) for Nigerian banks in 2024, citing the country's high interest rates and ongoing inflationary pressures. In its latest...
PETROAN Criticizes Dangote Refinery’s N990 PMS Price, Calls for Increased Competition
Business News

PETROAN Criticizes Dangote Refinery’s N990 PMS Price, Calls for Increased Competition

Web AdminNovember 5, 2024November 5, 2024
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has strongly condemned the N990 price set for Premium Motor Spirit (PMS) by Dangote Refinery, describing it as "inconsiderate" and...
USAID Grants N1.72 Billion to Strengthen Cholera Prevention and Sanitation in Lagos
news

USAID Grants N1.72 Billion to Strengthen Cholera Prevention and Sanitation in Lagos

Web AdminNovember 5, 2024November 5, 2024
The United States Agency for International Development (USAID) has announced the allocation of N1.72 billion in grants to bolster cholera prevention and sanitation efforts in Lagos State. The funding, directed...

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  • Dangote Signs Deal to Supply 65 Million Litres of Petrol Daily
  • African Green Projects Seek $3.09bn Funding at Summit
  • CBN Flags Risks of Stablecoins to Nigeria’s Currency Stability – Cardoso

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Mecure Industries Posts 177% Profit Growth, Reports N6.46bn PAT

Peppe Terra Encourages Home Chefs to Elevate Their Cooking

Dangote Signs Deal to Supply 65 Million Litres of Petrol Daily

African Green Projects Seek $3.09bn Funding at Summit

CBN Flags Risks of Stablecoins to Nigeria’s Currency Stability – Cardoso

Food Inflation Drops to 14-Year Low at 8.89% – NBS

Dangote Petroleum Refinery Hits 650,000 bpd as CDU, PMS Units Reach Full Capacity

Nigeria Produces 2.1 Million Metric Tonnes of Onions Annually — Marketers

Toyota Raises Profit and Sales Forecasts Despite US Tariff Challenges

T-Bill Subscriptions Hit N4.59trn as Investors Rush for High-Yield Government Securities

Police Ask NLC, TUC to Reschedule Tuesday’s Abuja Protest Over Security Concerns

Telcos Plan N1.4tn Network Expansion Investment in 2026 – NCC

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