NNPC Boosts Oil and Gas Output to 1.8 Million Barrels Per Day
The Nigerian National Petroleum Company Limited (NNPC Ltd) has increased crude oil production to 1.8 million barrels per day (mbpd)and ...
Tag: Economy news
JUST IN: Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s inflation rate rose to 33.88 per cent in October from the 32.70 per cent recorded in September largely due ...
Oyo State Governor Presents N678.1 Billion 2025 Budget Focused on Economic Stabilization
Oyo State Governor, Seyi Makinde, has introduced an Appropriation Bill of N678.087 billion for the 2025 fiscal year, which he ...
NDIC Pledges Stronger Protection for Depositors Amid Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its dedication to ensuring stability in the Nigerian banking sector by guaranteeing ...
Manufacturers’ Unsold Inventory Rises By 357.6% To N1.24trn
Nigeria’s manufacturing sector is grappling with economic pressures as real output and capacity utilization saw slight dips in the first ...
Tax Reform Bill to Eliminate Subnational Consumption Taxes, Says Oyedele
Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, has revealed that the upcoming tax reform bills will remove all ...
Shafa Energy Set to Launch Game-Changing Lubricants to Boost Vehicle Lifespan
Shafa Energy, a leading Nigerian energy solutions provider, is on the brink of launching two innovative lubricant products—Shafa Shanu and ...
Nigerian Government Launches National Data Bank to Boost Transport Efficiency
The Nigerian Federal Government has announced plans to establish a national data bank to enhance efficiency and improve decision-making across ...
Nigerian Presidency Directs N5.4 Trillion in Subsidy Savings to Infrastructure and Social Programs
The Nigerian government announced plans to reinvest an estimated N5.4 trillion saved from subsidy removal in 2024 into infrastructure and ...
Nigeria Faces Rising Inflation and Oil Output Decline as Key Reports Loom
As global inflation begins to cool in most major economies, Nigeria's inflation continues to remain high. Both Nigeria and the ...
