Business
1,541 Naira Per Dollar: Naira Slumps to Record Low Again
The Nigerian naira plunged to an unprecedented low of N1,541.36 per dollar on January 2, marking a rocky start to 2025 in the official...
Business
Obasanjo Blasts NNPC for Rejecting Dangote’s $750m Rescue Bid, Wasting $2bn
In a scathing revelation that has stirred national conversation, former President Olusegun Obasanjo has accused the Nigerian National Petroleum Corporation (NNPC) of rejecting a...
Business
Tinubu’s 15% Inflation Target for 2025 Unrealistic – Economic Expert
As Nigeria grapples with spiraling inflation rates, renowned economic analyst Bismarck Rewane has cast serious doubts on President Bola Tinubu’s ambitious target of reducing...
Business
NNPCL Invites Obasanjo to Tour Port Harcourt Refinery, After Ex-President’s Critcisms
The Nigerian National Petroleum Corporation Limited (NNPCL) has formally invited former President Olusegun Obasanjo to visit the Port Harcourt Refinery to personally assess its...
Business
Dangote Leads the Charge as NNPCL Allocates 123Million Barrels to Local Refineries
In a bold move to enhance domestic refining capacity, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a substantial allocation of crude oil...
Business
FG Launches New Withholding Tax Regulations
The Federal Government has launched the implementation of the much-anticipated 2024 Withholding Tax Regulations, a significant step toward modernizing Nigeria's tax system and reducing...
Business
Vehicle Clearance: Nigerian Customs Denies Demanding N76m from US Returnee
The Nigeria Customs Service (NCS) has forcefully rejected allegations made by a 70-year-old United States returnee, Mr. Olukayode David-Albert, who claimed that officials at...
Business
40% Drop In Value: Naira Ends 2024 at ₦1,535/$1
The naira closed 2024 at an exchange rate of ₦1,535 to the US dollar, reflecting a sharp 40.9% depreciation compared to its position at...