‘Nigeria Is Open For Business,’ Tinubu Woos French Investors
President Bola Tinubu has told French investors that the country is open for business, saying his government is creating an enabling environment for them to thrive.…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
PH Refinery: NNPCL loaded old stock, not fresh products – Host community secretary
The Secretary of the Alesa community stakeholders, Timothy Mgbere, has alleged that the petroleum products loaded from the newly rehabilitated Port-Harcourt Refinery were not freshly refined…
Nigeria Has Nothing To Show For Over 60 Taxes, Levies Collected Across Nation – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has criticized the federal government’s tax system, alleging that it has yielded…
Port Harcourt refinery’ll crash fuel price, create jobs—IPMAN, PETRAON
Stakeholders in the oil and gas industry have said the commencement of production at the Port Harcourt Refining Company will engender competition, crash the pump price…
Nigeria’s foreign reserves Rises to $40.8bn – CBN
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has announced an increase in the country’s foreign reserves to $40.88 billion as of November 21,…
Porthacourt Refinery: “Prices of petroleum products will reduce” NMDPRA Boss assure Nigerians
The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Authority, Farouk Ahmed has said the commencement of operations at the Port Harcourt Refinery will lead to…
BREAKING: CBN Increase Interest Rate to 27.50 Percent
The Central Bank of Nigeria (CBN) has raised the monetary policy rate to 27.50 per cent from 27.25 per cent. The Central Bank of Nigeria (CBN)…
BREAKING: Nigeria’s Unemployment Rate drops to 4.3%
Nigeria’s unemployment rate has decreased to 4.3 percent in the second quarter of 2024, according to a report by the National Bureau of Statistics (NBS). The…
Nigeria’s GDP rose by 3.46% in third quarter of 2024 – NBS
The Statistician General of the Federation, Adeyemi Adeniran, says Nigeria’s Gross Domestic Product, GDP, growth rate in real terms (constant price) rose by 3.46 percent in…
Access Bank Under Fire Over Alleged Mismanagement of Deceased Customer’s ₦500 Million
A Nigerian woman has accused Access Bank of withholding over ₦500 million allegedly belonging to her late brother, Awal Edet. The case, which began since 2019…