Nigeria’s Dangote Refinery counters fuel shortage claims
Nigeria’s Dangote Oil Refinery holds a 500-million-litre petrol stockpile, founder Aliko Dangote revealed,…
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President Bola Tinubu
Nigeria implements measures to curb food inflation
Nigeria is tackling soaring food inflation, the worst in three decades, with new measures. The government plans a…
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Agriculture boosts Nigeria’s economy
Nigeria’s economy received a boost of N309 billion following the initiation of dry season farming, focusing on…
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
ExxonMobil’s Nigerian asset sale nears approval
ExxonMobil's sale of Nigerian petroleum assets to Seplat, a Nigerian company, may receive approval within two…
Nigeria secures $600m seaport infrastructure investment w/ Maersk
Nigeria secured a significant $600 million investment in its seaport infrastructure from Danish shipping giant A.P.…
Nigeria c.bank raises rates by 200bps
Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, raised its monetary policy rate by 200 basis points…
Nigeria food bank faces dwindling supplies as inflation skyrockets
The Lagos Food Bank, vital for residents, faces dwindling supplies as inflation skyrockets in Nigeria as President…
CBN’s governor challenged by rate decision
Nigeria’s central bank governor, Olayemi Cardoso is facing a difficult challenge as he’s about to announce his…
