The President regretted that for too long, Nigeria had grappled with fragmented value chains, high production costs, infrastructure gaps, policy inconsistency, and insufficient coordination between government and industry.

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The dollar index, a measure of the U.S. currency against major rivals, was mostly steady at 97.12, after a small gain of 0.2 per cent overnight.

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At the previous release, the NBS adopted a revamped methodology that it said better reflects real-world prices.

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Members of the delegation include Speaker of the House of Representatives, Tajudeen Abbas, and Deputy Senate President, Sen. Barau Jibrin.

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Exports grew by about 11 per cent year-on-year to $6.1 billion, marking the highest ever in both value and volume.

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Briefing reporters after the meeting, Minister of Labour and Employment, Muhammad Dingyadi, who presided over the meeting, told reporters that progress was slow.

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Distribution also fell by 16.54 per cent within the same period.

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The Customs Comptroller-General's tenure has been extended by a year

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Stock Markets are making gains following the latest trade deal

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​​​​​​​Lawmakers wade into differences between Dangote and oil marketers’ rift

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A butcher at Ogba Market area of the state, Isa Ahmed, told reporters that cows they used to buy between N1.1 million and N1.15 million before Sallah had increased between N1.2 million and N1.3 million depending on the size.

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Access24 reports that the summit will serve as a platform to develop a new security blueprint or architecture, informed by expert contributions and public input.

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Analysts said that despite the rise in inflation, the Bank of England could still cut its key interest rate next month as the UK economy struggles to expand.

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Google has signed a $3 billion deal with Brookfield for 3GW of U.S. hydropower to power AI-driven data centers and boost renewable energy expansion.

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The Automaker says the move is part of its global restructuring plan

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Nvidia CEO Jensen Huang will address the media in Beijing on July 16, during a closely watched visit amid U.S. export restrictions and rising China-U.S. tensions over AI chip sales.

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Governor Mohammed Says The State Is Open To Investment

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CECOE Calls on Presidency To Retain CG Adeniyi For Sustained Customs Reforms

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The Freight Forwarders Association says such collaboration key to economic growth

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The move, whichChina revealed, would be conducive to absorbing the existing stock of commercial housing.

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Key roles were outlined for stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),  and the Central Bank of Nigeria (CBN).

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A bag of Okro which was sold at N50,000 within the period under review, now goes for N25,000.

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It revealed that over a third of African nations are either in or at high risk of debt distress.

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In 2007, the foreign firm signed a contract with the Ogun State government to manage a free-trade zone but the contract was revoked by the state government in 2015.

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The hike in electricity tariff made headlines earlier in the year when the government said it would stop subsidising power for some customers.

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The Minister said it will assist in monitoring activities at mining sites and consequently bolster our capacity to effectively secure the mining environment.

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Gross Domestic Product expands by 0.7 percent in the first quarter of 2024.

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As of April, Nigeria’s inflation rate had risen to 33.69 per cent.

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The Association of Tourist Boat Operators and Water Transport of Nigeria urged the state government to privatise jetties across the state for proper management and operations.

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The development marked the removal of subsidy from the tariff of customers in the Band A category, who constituted about 15 per cent of the total 12.82 million power consumers across the country.

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The committee therefore added that the persistent absence of the cement manufacturers who the Committee had summoned twice, is an affront to the powers of the National Assembly as enshrined in section 88 of the 1999 Constitution.

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The Union says the Federal Government's proposed N48,000 falls significantly short of meeting the needs and aspirations of its memebers.

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Phone dealers gang up and overpowered the unidentified soldiers, which lead to the takeover.

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The Committee says the levy is provided for in the Cybercrimes (Prohibition, Prevention, etc) (Amendment) Act, 2024.

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This move aligns with global efforts to standardise cryptocurrency regulations and prevent illicit activities.

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The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at $57bn.

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The association says it is already in touch with its legal team over available legal remedies, in the event of unfavourable responses from the government.

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On April 23, the Federal High Court Abuja after listening to the arguments between the prosecution counsel and that of Gambaryan fixed May 17 to rule on his request.

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President Von der Leyen  made this known during a joint press conference with Lebanese Prime Minister Najib Mikati and Cypriot President Nikos Christodoulides in Beirut. 

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The Fed said it does not expect to lower rates until it has greater confidence that inflation is moving sustainably towards its target.

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Last week, Africa’s richest man and the owner of the refinery, Aliko Dangote, said Nigerians should expect a drop in inflation.

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The development comes following the fund’s 2023 prediction, that the country’s inflation rate for 2025 would slow to 15.5 per cent by 2025.

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He also maintained that the bail documents must be transferred to the special offences court and registered in the LSBMS.

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During the review period, 53 illegal pipeline connections and 36 illegal refineries were uncovered in the Niger Delta.

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Areas affected include Dosumu, Nnamdi Azikwe, Moshalashi, Woro Pedro, Obanikoro. Others are Ago Tawa, Idumagbo Avenue, Idumagbo, Ido-Oluwo and Oju Olobun.

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EFCC alleged that Emefiele abused his office between 2022 and 2023 in Lagos.

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Zimbabweans have 21 days to convert their old cash into new money.

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US Treasury Secretary Janet Yellen raises American concerns about the impact of China’s “industrial overcapacity” on the global market as she meets with the governor of the southern Chinese city of Guangdong, Wang Weizhong.

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The second defendant, Mark Mordi, says that his client was not an agent, director or representative of the company in the country and as such could not be serve on behalf of the first defeandant.

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The Economic and Financial Crimes Commission will arraign Binance Holdings Limited, Gambaryan, and Anjarwalla on Thursday on charges of $35,400,000 money laundering.

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 The announcement was signed by the Chief Executive, NMDPRA, Farouk Ahmed.

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The reveiw by NBS focuses on energy billed, revenue generated, and customers by DISCOS under the reviewed period.

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Reports have it that Nigeria loses trillions of naira to crude oil theft and pipeline vandalism annually, a development that made the government consider virtual means of transporting the commodity.

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Reporters who visiited two locations in Eti-Osa Local Government Area of the state, revealed that shoppers were trooping to buy food items at discounted prices.

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The apex bank also increased capital requirements for banks with regional licences from N15 billion to N50 billion, and those with international licences from N100 billion to N500 billion.

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Cases of data privacy breaches have become prevalent in recent times due to the proliferation of digital lending platforms.

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Reports have it that authorities are also working to unravel his intended destination to get him back into custody.

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Kamba is a strategic border with a major share in Kebbi State revenue generation.

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FG expresses optimism that this transition could lead to more effective, efficient, and possibly cheaper rail services for Nigerians, especially in the wake of the recent removal of fuel subsidies.

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The lawmaker lamented the absence of the top government officials to explain their role in the concession of the seaport terminals.

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On Monday, the executives of the foreign firm were expected to appear before the House Committee on Financial Crimes but they instead sent their lawyers to represent them.

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Touray had in November, urged West African states to safeguard democracy and to restore the region as the bastion of democracy in Africa.

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Deputy Director Operations, Directorate of Road Traffic Services, Mrs Deborah Osho, says motorists and BDC operators cause gridlock in the area.

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Businesses move to maintain operations following subsidy removal

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It revealed that the total number of boxes installed in 2022 was 836,731, indicating a decline of 0.08 percent from 837,428 recorded in 2021.

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Tinubu woos Indian businessmen to Nigeria

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UMG, Deezer target fourth quarter 2023 for start of deal

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The China Foreign Exchange Trade System revealed that Yuan weakened against Dollar on Wednesday.

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Industrialists react to palliative measures to Manufacturing sector by the Nigerian Government

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Lagos Governor Sanwo-olu and other passengers were first set of passengers as Lagos Rail began commercial operations

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Malam Nuhu Ribadu talked about how Nigeria keeps losing crude oil to thieves daily.

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Naira again depreciated at the Investors and Exporters window.

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Vice President, Kashim Shettima reiterated Nigeria's commitment to collaborating with African countries and China.

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Greek PM Mitsotakis welcomed Indian counterpart Modi on official visit.

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Yuan, strengthened 102 to 7.1886 against the dollar on Thursday

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China condemned Japan's 'unilaterally and forcibly' release of wastewater.

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UK Inflation rate dropped to 6.8% in July from June 7.9%

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Federal Government distributed relief materials to Livestock Farmers In Kaduna. The farmers were affected by natural disaster in 2022.

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Inflation rate in Nigeria increased to 24.08% in July fuels by high exchange rate, high fuel price

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CBN announced new measures that would help strengthen the Naira.

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The figure was boosted by improved consumer sentiment towards purchases

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Nigerians want government to address High exchange rate, open nation’s borders

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NNPC, NIPCO promised to provide cheap alternative fuel to motorists.

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China agreed on a deal with Australia.

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Lagos residents speak on palliative measures announced by government

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Federal Government has announced the distribution of farm inputs to farmers.

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The China Foreign Exchange Trade System revealed that Yuan strengthened against Dollar on Tuesday.

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Naira Appreciates, Exchanges At N756.94 At Investors, Exporters Window.

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CBN revealed the state of the Naira.

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Investigation has begun over the missing funds from Kano Agriculture Supply Company.

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The Acting Comptroller General NIS, Caroline Adepoju during a visit to the Akwa Ibom command of the service said there is need to secure the nation's borders

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Naira again appreciated against the dollar on Wednesday.

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Naira again appreciates against the dollar on Tuesday

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Gov. Babajide Sanwo-Olu said the planned Badagry Port might be ready by 2025.

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The telecom group plans to cut up to 2000 jobs

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The consumer goods giant PAT increased to 3.54 billion euros in the first 6 months of the year.

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Musk rebrands Twitter, plans platform to move into payment, banking and commerce later.

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Irish airline records €170m in second Quarter

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Russian Central Bank has hiked interest rate to address weakening Ruble

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President Macron has Demanded 'Sound Answers' After Riots Shook France.

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Swedish automaker predicts double-digit sales for 2023 despite high inflation and rising interest rates

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The Nigerian Government, has revealed plans to roll out sanctions against defaulting members of trade associations in a bid to stem high cost of food.

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NNPCL Boss gives reasons for increase in pump price of petrol

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Fuel price adjusted to 617/ litre at NNPCL filling Stations

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Nigerian Export Promotion Council has said Nigeria’s non-oil sector recorded a slight decrease in the exports valu

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The Association of Mobile Money and Bank Agents in Nigeria claims that the current economic climate has not made them rethink their intentions to implement the new framework beginning next Monday.

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Naira on Friday depreciated against the dollar.

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China has revealed that Germany’s approach with China, would increase risk.

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More than one million public sector workers, including teachers, police and doctors, have been offered pay rises of between 5%-7%, the government says.

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Additionally, CBN has mandated that in ascertaining the rate for such a naira payout, the foreign exchange rate from the investors and exporters (I&E) window be used.

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Pakistan has reached a staff-level agreement with the International Monetary Fund.

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Sri Lanka's central bank unveils a far-reaching debt restructuring plan.

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CBN orders Deposit Money Banks to remove the rate cap on the naira.

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Department of State Services Says Emefiele In Custody

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CBN Governor To Step Aside For Probe Of Office

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Nigeria's Fuel Price Increment Will Significantly Affect Country's Expanding Gig Economy And Remote Work Sector

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United Kingdom Food Prices Sweeps Forward At A Higher Rate.

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WhatsApp Finally Rolls Out A Much-Requested Feature To Edit Messages After Sending Them

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The NCC Introduces Harmonised Shortcodes To Ease Service Delivery For Over 200 Million Telecom Customers In Nigeria

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Approved Harmonised Short Codes, HSC, Comes Into Effect As Telcos Begin Adoption.

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The CBN Releases More Money Into The Economy As Nigerians Begin To See Some Changes

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Saudi Aramco Records Profit For 2022.

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US Regulators Have Shut Down Silicon Valley Bank.

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Nigeria’s Crude Oil Sales Rose By 46.41 Per Cent.

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