World Food Program cease food production till prizes stabilize in Nigeria
The World Food Program of the United Nations has said that it is reevaluating its local food procurement and will only purchase…
Nigeria
Nigerian cinemas report nearly 50% revenue increase in January
The year has begun with a good financial performance from the Cinema Exhibitors Association of Nigeria, with revenue up nearly 50% year…
Only four Nigeria states attract foreign investment in Q4 – Report
By Melvin Onwubuke The number of Nigerian states that allured foreign investors, in the fourth quarter of 2023 dropped to lowest…
Nigeria’s unemployment rate rises by 0.8% in Q3 2023
“In Q3 2023, the unemployment rate rose to 5.0%, a considerable increase. It was stated in a report on Monday that this…
Nigeria, Brazil seek direct flights between Lagos, Sao Paulo
President Bola Tinubu and Brazilian President Luiz Inácio Lula da Silva met on Sunday in Addis Ababa, Ethiopia, and talked about the…
Nigeria inflation nears 30%, highest in 26 Years
By Melvin Onwubuke Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to…
Nigeria, United kingdom sign historic trade, investment deal
By Melvin Onwubuke United kingdom secretary of business and trade, Kemi Badenoch, on Tuesday signed a deal with Nigeria to enhance…
Crude hits $83 as Nigeria’s export passes 1.4mbpd
Data from the Federal Government indicates Nigeria’s oil output surged to 1,426,574 barrels per day in January 2024. This news caused the…
Nigeria to end gas flaring by 2030 – NUPRC
Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring by 2030. The Punch stated that this…
FG plans naira payment for local gas operators
By Melvin Onwubuke The Federal Government has said it is putting measures in place to stop gas producers from collecting dollars in…
FMG boosts efforts to fulfil housing demands
In order to satisfy Nigerians’ need for housing, the Federal Mortgage Bank of Nigeria has stated that it is prepared to restructure…
Court upholds NMDPRA’s authority to impose statutory taxes
The Nigerian Midstream and Downstream Petroleum Regulatory Authority’s authority to levy and collect taxes on petroleum products supplied in Nigeria has been…