The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira. The Chief Executive of the Nigerian Upstream Petroleum...
Minister of Finance, Wale Edun, says Nigerians are saving in Dollars because they have lost faith in Naira. He noted that the recent appreciation of Naira’s...
The Transmission Company of Nigeria (TCN) has stated that a fire incident at the Afam Power Generating Station was responsible for the grid collapse that occurred...
There is no end in sight to the skyrocketing price of food commodities in the country with the National Bureau Statistics (NBS) announcing an increase in...
United Bank for Africa (UBA) Plc, has outlined its strategies aimed at navigating the dynamic banking landscape while also consolidating growth prospects for the 2024 financial...
Samsung has once again emerged as the world’s leading smartphone vendor, surpassing Apple in the latest rankings as the global smartphone market shows signs of robust...
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed...
Nigerian manufacturers said the high cost of diesel is why the prices of goods are high in Nigeria. The Director General of the Manufacturers Association of...
The value of the naira gained strength on Monday afternoon in the parallel market, having opened at N1,130 to the dollar in the morning. It was...
The Transmission Company of Nigeria, TCN, says a fire incident caused the collapse of the national grid on Monday. The General Manager of Public Affairs, Ndidi...
Oil prices have reportedly fallen on Monday following Iran’s retaliation attack on Israel over the weekend. Brent crude, which is a key benchmark for oil prices...
Having opened at N1,130 to the dollar on Monday morning, the value of the naira gained strength midday as traders anticipate another round of dollar sales...
The rate at which prices of goods and services rise continued to spike with inflation reaching 33.2 per cent last month, according to the latest data...
Telecom operators declared their commitment to follow the Nigerian Communications Commission (NCC) directive, which mandates blocking calls from phone numbers not associated with their National Identity...
Late Sunday saw a remarkable surge in the value of the Nigerian currency, Naira, against the US Dollar. Naija News reports that the Naira has exceeded...
The Naira experienced a significant rally against the US Dollar, breaking through critical resistance levels to trade below N1,000 in some segments of the black market...
The banking industry credit to the government saw a decline in February this year as banks increased their lending to the private sector. Latest data from...
The National Bureau of Statistics is set to unveil inflation figures on Monday, March 15, 2024. DAILY POST reports that NBS releases its monthly consumer prices...
The United Bank for Africa (UBA) Plc has outlined its strategies aimed at navigating the dynamic and ever-evolving banking landscape and consolidating growth prospects for the...
An environmental activist and President General, Akwa Ibom Oil Producing Community Development Network, Dr Ufot Phenson has described the allocation of three percent to oil producing...
Mr Unni Krishnan Menon is the Managing Director (MD) of Skyline Tourism and Hospitality Ltd, a member of the Skyline Group operating in Nigeria through various...
The Nigeria Safety Investigation Bureau (NSIB) has launched an investigation into the boat accident that claimed the lives of Nollywood actor, Paul Odonwodo, also known as...
Ambassador Oluwatosin David Aruna, the visionary behind the UK-based Nigerian fashion brand Teeclothiers, has been appointed as an ECOWAS Youth Ambassador reflecting his dedication to youth...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has outlined its strategies aimed at navigating the dynamic and ever-evolving banking landscape while also consolidating growth...
A United Nations support NGO, Global Centre For Empowerment And Care For Life Challenges (GECLC), said it has concluded a plan to build 400,000 housing units...
The minister of Works, David Umahi has stated that, shanty dwellers and caravan owners along the shorelines of the Lagos-Calabar 700-kilometre coastal road project won’t be...
The dean of the Lagos Business School(LBS), Professor Chris Ogbechie has said, only 30 per cent of family businesses survive beyond their first generation. Ogbechie stated...
The fourth edition of the West Africa Automotive Show (WAAS) Exhibition and Conference will begin from May 14 to 16, 2024, at the Landmark Centre, Victoria...
As May approaches, over half of Nigeria’s crude oil cargoes remain unsold, signaling potential economic turbulence and underscoring the impact of global market dynamics on Africa’s...
In the face of fluctuating markets, political uncertainties, and infrastructural challenges, Africa has emerged as a ground of formidable economic resilience and opportunity. As of 2024,...
The Federal Competition and Consumer Protection Commission, FCCPC, has urged Nigerians to report any arbitrary price hikes, stating that it will not hesitate to take action...
The Nigeria Deposit Insurance Corporation (NDIC) has thrown its weight behind the Central Bank of Nigeria (CBN) over its move to recapitalise banks, saying the apex...
A chieftain of the All Progressives Congress, APC, in Osun, Olatunbosun Oyintiloye, has called on President Bola Tinubu to intervene in the possible downward review of...
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on...
The Transmission Company of Nigeria (TCN) has said electricity generation in the country nosedived to 2,775 MegaWatts (MW) on Saturday, April 13, 2024. Naija News reports...
The Made by Nigerians Project (MBN) has said the Made by Nigerians Fair will take place at the upcoming Kaduna Food Festival. In a statement, MBN,...
Chivita|Hollandia (CHI Limited) has rewarded its long-standing distributors at the recently held 2024 Distributor Conference. The company disclosed in a statement that the event with the...
The Advertising Standards Panel (ASP) is set to promote responsible advertising in Nigeria through its Stakeholders’ Forum scheduled for Thursday, April 25, 2024. ASP is a...
The Nigerian government says its encountered problems on the Trans Niger Pipeline and other maintenance activities are the reason for the drop in crude oil production...
The federal government targets over 25,000 jobs and $2.5 billion worth of investment in four years through the Presidential Compressed Natural Gas Initiative. The Programme Director...
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ...
The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned entities, ministries, departments, and agencies in February. According to...
The Nigerian Naira saw a significant appreciation against the US dollar on Friday, as it strengthened in both the official and parallel segments of the foreign...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has attributed to challenges with the Trans Niger Pipeline and maintenance operations by oil companies. Naija News...
Nearly 55 million people in West and Central Africa, including Nigeria, Niger, Senegal, Benin, Burkina Faso, Cape Verde, Chad and Togo will struggle to feed themselves...
The Nigerian troops say its operations in the South-South region have led to the recovery of N637 million worth of stolen crude oil and 36 suspects...
The federal government has said measures are being put in place to restore oil production in view of recent concerns regarding shortfall in oil production in...
More customers within the Eko Electricity Distribution Company’s franchise area are set to experience and enjoy a guaranteed minimum of 20 hours of power supply daily...
Eurobase Consult Limited in collaboration with the federal government, including foreign investors will next week meet at the special agro equipment and technology expo to explore...
The report, produced by researchers from the Department of Sociology, University of Oxford, and the University of New South Wales, Canberra, identified the globe’s major cybercrime...
Nigerian government says Binance executive, Nadeem Anjarwalla, who escaped custody in Nigeria, has been found in Kenya. A source in the presidency, who preferred anonymity, confirmed...
The deputy director/Head, Revenue at the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Ohunayo Ani, has been elected and sworn in as president, Women’s International...
Goldman Sachs Group, on Friday said the Naira has already established itself as the top-performing currency globally in April, adding that the local currency was expected...
Chicken Republic, on Friday, announced expansion of its service to the Muritala Muhammed International Airport (MMIA), Lagos.The outlet, it was gathered, was located at the arrival...
Nigerian Breweries Plc, the largest and oldest brewer in Nigeria, has unveiled a major reorganization plan that includes the temporary suspension of operations at two of...
The Federal Inland Revenue Service, FIRS, said it recorded unprecedented progress in revenue collection, culminating in a remarkable achievement of N12.3 trillion in 2023. The FIRS...
Allen Onyema, the CEO of Nigerian airline Air Peace, has publicly accused Gatwick Airport of deliberate operational interference aimed at disrupting the carrier’s new Lagos-London route....
In a recent forecast by Goldman Sachs Group Inc., the naira, Nigeria’s currency, is anticipated to strengthen significantly, potentially trading below ₦1,000 to the dollar in...
The US dollar has again experienced a significant decrease in value against the Nigerian Naira, with a depreciation of N60. The latest exchange rate figures follow...
The Naira appreciated by N60 against the US dollar after the Eid-el-Fitr holidays. A Bureau De Change operator, Mistila Dayyabu, disclosed this to DAILY POST on...
Libya displaced Nigeria, the largest producer of crude oil in Africa, in March. This is according to the Organization of Petroleum Exporting Countries’s monthly March oil...
The Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band A...
According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production declined for the second consecutive month in March. The country’s daily output dropped...
The World Bank has told Nigeria and other West African countries to imbibe a more stable macroeconomic environment and accommodative monetary policies as a solution to...
As economic hardships continue to grip the nation, Nigerians are keenly awaiting potential policy changes from President Bola Tinubu’s administration that could lead to significant reductions...
Amid the harsh operating environment in 2023, 36 others proposed a final total dividend of N3.056 trillion to shareholders. Distributing dividends is a way for companies...
The Nigerian Shippers’ Council (NSC), has said that its plan to begin collection of per cent Freight Stabilisation Fee (FSF), won’t add to the cost of...
The Society of Petroleum Engineers (SPE), Nigerian Council, has called for collaborative efforts in addressing the challenges and opportunities facing Nigeria’s energy sector. In a compelling...
The Eva Adelaja Girls Secondary School Old Girls Association (OGA) UK, is set to commission the newly established Eva Adelaja Girls’ Secondary Grammar School Old Girls’...
The International Monetary Fund has said electricity subsidies, tax breaks, or holidays are detrimental to productivity and welfare if not effectively implemented. The Washington-based lender disclosed...
An electricity consumer advocacy group, Electricity Consumer Protection Centre, has called for the probe of how Distribution Companies spend the operations expenditures (OPEX) and capital expenditure...
The President of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Sir Odeiga Jideonwo, has commended the Dangote Group, led by its President, Aliko Dangote,...
China’s auto sales rose 10.6 per cent year-on-year to 6.72 million units in the first quarter of this year, data from the China Association of Automobile...
Starlink, the internet venture from billionaire entrepreneur Elon Musk, has announced a substantial reduction in the price of its hardware in Nigeria. The cost of the Starlink...
The fallen crypto magnate, Sam Bankman-Fried, has formally lodged an appeal against his federal conviction and the 25-year prison sentence he received. This development comes in...
A financial analyst, Kalu Aja, has given Allen Onyema’s Air Peace solution to edge out foreign airlines amid price war in the Lagos-London fare route. Aja...
Nigeria’s crude oil Bonny Light surged to $87.86 per barrel in March 2024 from $85.65 per barrel in the previous month, according to the Organization of...
The Association of Bureau De Change Operators of Nigeria, ABCON, has told the Central Bank of Nigeria, CBN, to ban non-oil export domiciliary account holders from...
In a monthly report released on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) has maintained its projection for strong global oil demand in 2024,...
The official currency of Japan, Yen, has suffered a massive fall against the United States (US) Dollar. Naija News understands that Yen fell nearly a per...
Senator Dave Umahi, Minister of Works has affirmed that no permanent structure nor jobs will be lost in Landmark beach and resort in the construction of...
Ahead of the release of Nigeria’s inflation rate for March, CAPE Economic Research and Consulting says the country’s consumer price index would increase to 32.65 per...
The Central Bank of Nigeria, CBN, has reiterated that it excluded banks’ retained earnings to meet its newly announced minimum capital requirement in a bid to...
Central Bank of Nigeria (CBN) employees have expressed growing concerns and a pervasive sense of insecurity due to a spate of dismissals sweeping through the institution...
The Association of Bureaux de Change Operators of Nigeria (ABCON) has proposed that the Central Bank of Nigeria (CBN) issue a directive requiring non-oil exporters to...
In a bold attempt to steer Nigeria’s economy towards stability, the Central Bank of Nigeria (CBN), under the leadership of Governor Yemi Cardoso, has embarked on...
The Nigeria Customs Service (NCS) has revised the foreign exchange (FX) rate applicable to customs duties, a significant move that aligns with the Central Bank of...
Nigeria’s electricity supply increased by 14.64 per cent in the fourth quarter of 2023 on a year-on-year basis. This was disclosed by the National Bureau of...
Unmetered electricity customers in the Nigerian electricity supply industry, NESI, decreased to 5.83 million in the fourth quarter of 2023 from 6 million in Q3. The...
The entry of Nigeria’s major carrier, Air Peace into the lucrative Lagos-London route, has sparked a price war among foreign airlines which have severely reduced their...
A survey of oil production for the month of March carried out by S&P Global Commodity Insights, has found that Nigeria’s crude oil production declined marginally...
The Federal Government has disclosed plans to introduce an emergency economic bill to boosts its revenue from the non-oil sector in Nigeria. The Minister of Finance...
Importers and exporters operating at the Eastern ports of the country, have lamented the impending inflation, following an alleged 200 per cent hike in haulage rate...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has said that harnessing natural gas resources in Nigeria is crucial...
The Nigerian National Petroleum Company Limited (NNPCL) has underscored the significance of prioritising natural gas production and supply, particularly in the context of geopolitical dynamics and...
The secretary general of the International Maritime Organisation (IMO), Arsenio Dominguez, has expressed readiness to collaborate with the newly appointed director general of the Nigerian Marítime...
Investors are currently favouring investment in Treasury bills and bonds ahead of private sector funding amid high interest rates, LEADERSHIP learnt. Capital is a vital ingredient...
Billionaire industrialist Aliko Dangote has said his refinery’s ability to sell diesel at significantly discounted prices will provide immediate relief to Nigeria’s inflation woes.He disclosed this...
Geregu Power Plc, the first listed power company on the Nigerian Exchange Group, has generated N50.4 billion in revenue from electricity sales and capacity charges to...