Local Rice Prices Drop, Spark Festive Rush in Enugu
The price of de-stoned local rice, popularly known as 'Abakaliki rice,' has fallen by 6-10% in Enugu markets, driving more...
Bitcoin Drops $13K After Fed Rate Cut, Faces Uncertainty Amid Market Caution
The cryptocurrency market experienced a sharp downturn following the United States Federal Reserve’s 25-basis point interest rate cut, causing Bitcoin...
NMDPRA Assures Fuel Availability, Warns Against Panic Buying
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured Nigerians of sufficient petroleum supplies during the yuletide season,...
NACCIMA, BOI Partner to Disburse ₦75bn MSME Intervention Fund
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Bank of Industry (BOI) have signed...
World Bank Grants N492 Million to Boost Women-Led Rice Processing in Niger State
The World Bank has disbursed N492 million to 41 women’s groups in Niger State to enhance rice processing activities. Each...
Rice Smuggling Worsen Economy Adversely, Hurting Local Industry
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone A, Ikeja, has raised concerns about the smuggling of goods, particularly...
Nigeria Approves Shell’s $1.3bn Onshore Asset Sale
The Nigerian government has approved the $1.3 billion sale of Shell Petroleum Development Company’s (SPDC) onshore assets to Renaissance Africa...
Nigeria’s Diaspora Remittances Hit $4.22 Billion- Cardoso
Remittance inflows from International Money Transfer Operators (IMTOs) surged to $4.22 billion between January and October 2024, marking a 61%...
Facebook, Google, Netflix Paid ₦3.85tn In Taxes To Nigeria’s Federal Government in the First Nine months of 2024
Google, Netflix, Facebook, and other foreign companies paid ₦3.85 trillion in taxes to Nigeria’s Federal Government in the first nine...
Naira Crash and Inflation Deepen Nigeria’s Food Crisis
Nigeria’s worsening food crisis is fueled by naira devaluation, rising insecurity, and surging inflation, according to Afreximbank’s report, Food Imports...
