In November 2023, Nigeria experienced a significant decline in crude oil output, resulting in a loss of approximately N289.6 billion in oil revenue. According to…
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Category: Business
Nigeria Reverses Cryptocurrency Ban, CBN Urges Compliance with New Guidelines
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions, reversing its earlier restriction on crypto assets and instructing banks to disregard…
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Presidency Announces Participating Companies in 50% Inter-State Transport Fare Reduction
President Bola Tinubu has approved a 50% reduction in inter-state transport fares and free train rides for Nigerians from December 21, 2023, to January 4,…
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Port Harcourt Refinery Resumes Operations After Prolonged Shutdown
The Port Harcourt Refining Company in Rivers State has restarted its operations, marking a significant development after years of inactivity and turnaround maintenance of the…
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Nigeria’s Debt Reaches N87.9 Trillion by September 2023, Says DMO
As of September 30, 2023, Nigeria’s total debt has surged to N87.9 trillion, according to the Debt Management Office (DMO). This figure reflects a marginal…
View More Nigeria’s Debt Reaches N87.9 Trillion by September 2023, Says DMO
Malta Guinness: The Unrivaled Quality Malt Drink in Nigeria and Africa
Dear valued consumers, Malta Guinness enthusiasts, and the general public, We wish to unequivocally affirm that Malta Guinness retains its position as the foremost malt…
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$19 Billion Dangote Refinery Receives Additional 1 Million Barrels of Crude Oil
The $19 billion Dangote Oil Refining Company is poised to commence petroleum product production with the delivery of two million barrels of crude oil. This…
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Wema Bank Rewards Two Female Customers with N1 Million Each
Wema Bank has honored Muritadho Shakiroh Opeyemi and Chiamaka Judith Ugonna, two female customers, with N1 million each as grand prize winners in the 5th…
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Cash Crunch Persists as Traders Ration Funds, Impacting Grassroots Businesses
The prolonged scarcity of Naira is causing frustration among grassroots farmers and petty traders in Nigeria, adversely affecting their businesses. Many individuals have stopped keeping…
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Oil prices experienced a nearly three percent surge on Monday due to heightened tensions in the Red Sea
Several companies suspended shipping through the Red Sea after Yemen’s Iran-backed Huthi rebels attacked vessels. The rebels claimed to have targeted two “Israeli-linked” ships as…
View More Oil prices experienced a nearly three percent surge on Monday due to heightened tensions in the Red Sea