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Staple Food Prices Drop Significantly in Lagos, Kano, THISDAY Survey Shows
In a welcome development, signifying major relief for Nigerian households, the cost of staple foods has significantly dropped in major markets in Lagos and Kano States, according to a survey carried out by THISDAY.…
How Champion Breweries became Nigeria’s only profitable brewer
Champion Breweries, the only profitable brewer in Nigeria, is swimming against the tide of…
Shipping agencies ask FG to suspend 15% hike in port charges
The Shipping, Shipping Agencies, Clearing and Forwarding Employers Association (SSACFEA) has urged the federal government to suspend the implementation of the 15 percent tariff hike in port charges. Boma Alabi, the…
SAA appoints new Group CEO
The South African Airways (SAA) Board has welcomed the appointment of Professor John Lamola as its Group Chief…
FG, foreign airlines begin talks over rising fares
The Federal Government, through the Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed ongoing efforts to address the high cost of air tickets for both domestic and international travel…
MTN Nigeria joins big firms relocating headquarters to Eko Atlantic
MTN Nigeria, the country’s largest mobile network operator, is building its new headquarters in Eko Atlantic, joining a growing list of large…
BREAKING: Renaissance completes SPDC acquisition deal
Renaissance Africa Energy Holdings says it has successfully completed the acquisition of Shell’s 100 percent equity holding in the Shell…
Trump’s Family In Talks For Stake In Crypto Firm Binance — Report
Representatives of President Donald Trump’s family have held discussions to acquire a financial stake in the US arm of cryptocurrency exchange…
Dangote Foundation Flags Off N16B 2025 National Food Intervention Programme
…It Reflects his Unwavering Commitment To lift The Poor -Kano Gov …
Nigerian artists earn over ₦58bn from Spotify streaming in 2024 – Report
Nigerian music has reached an extraordinary financial milestone, with artists earning more than ₦58 billion in royalties from Spotify alone in 2024. This figure, revealed in Spotify’s 2024 Loud & Clear report,…
Nigerian Eurobonds feel heat of global trade tensions
Nigeria's Eurobond market has felt the sting of rising geopolitical tensions and fluctuating oil prices, which have triggered an increase in yield. The average yield on…
Foreign rice floods markets as costs squeeze local mills
...Imports from Thailand jump 60-fold in one year ...Over 50 small-scale millers shut down in 2024- RIMAN…
House Of Reps Proposes Major Changes To Tinubu’s Tax Reform Bills; Wants 7.5% Current VAT Rate To…
The House of Representatives has significantly altered President Bola Tinubu’s tax reform bills, significantly changing several key provisions…
Import bills on used vehicles fall 65% to N354.8bn
As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to…
Nigerians spend over 25% of minimum wage on one pot of stew
The average cost of making a pot of stew, a staple in Nigerian households has risen by 121.05 percent in one year. This means a minimum wage earner desiring a basic pot of stew must part with a quarter of his salary…
To Scale, Sustain, and Succeed, Join FCMB’s Business Transformation Masterclass
First City Monument Bank (FCMB) is excited to introduce the Business Empowerment and Sustainability Training (BEST) Masterclass. This…
Wale Tinubu hails Oando’s Trinidad refinery lease as Afro-Caribbean landmark
Oando Plc has stated that its subsidiary, Oando Trading, has been selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company Limited, according to the Minister for Energy of…
Lawmakers Call for Immediate Suspension of ATM Fee Hike
The House of Representatives has called for an immediate suspension of the Central Bank of Nigeria’s new policy hiking ATM transaction charges.The decision came after a motion moved by Rep. Marcus Onobun during plenary…
EFCC warns public about 58 illegal ponzi scheme operators
The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding the activities of 58 companies allegedly operating illegal Ponzi schemes across Nigeria. In a statement on Tuesday, on its…
Marketers condemn fuel price reduction, back importation
Oil marketers under the aegis of the Petroleum Products Retail Outlet Owners Association of Nigeria have condemned the constant reduction of fuel prices, saying marketers are still counting losses. Despite…
No Reversal In Naira For Crude Policy – Adedeji
Contrary to reports purporting the halt of the naira-based crude oil supply arrangement with local refineries, the Chairman of the Technical Sub-Committee,…
Seven oil firms pledge to settle $37.4m owed to FG after Reps’ intervention
Seven major operators in Nigeria’s oil and gas industry have undertaken to remit a total of…
Petrol imports jump 105% to N15tn – NBS report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel, according to findings by The PUNCH. The latest…
Nigeria’s Economy Most Competitive in 25 Years Due To Tinubu’s Economic Reforms – Chatham…
Chatham House, a UK international affairs policy think tank, said the Nigerian economy was witnessing its most competitive season in 25 years, on the back of President Bola Tinubu administration’s reforms, including…