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States with the Highest Cost of Diesel in Nigeria (July 2024)

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According to the Nigerian Bureau of Statistics (NBS) Automotive Gas Oil (AGO) Price Watch for July 2024, the states with the highest diesel prices...
Business

Future of Global Payments: TBD’s Impact on Financial Systems and Developer Communities

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Angie Jones, Global Vice President of Developer Relations at TBD, discusses TBD’s role in transforming the global financial landscape through decentralised technologies and open-source...
Business

“Fuel Scarcity: NNPCL Appeals to Nigerians for Patience and Understanding”

Efiok Ephraim -
"NNPCL Appeals for Understanding Amid Fuel Scarcity, Reports N3.3 Trillion Profit" The Nigerian National Petroleum Company Limited (NNPCL) has called for patience from Nigerians amid...
Business

Universal Music Partners with Meta to Bring Music to WhatsApp

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Universal Music Group (UMG) has secured a licensing deal with Meta, expanding its music offerings to WhatsApp. This agreement, which enhances a previous deal...
Business

“Seplat Energy Pledges to End Gas Flaring by 2025”

Efiok Ephraim -
"Seplat Energy Commits to Ending Gas Flaring by 2025, Announces Progress on Key Projects" Seplat Energy plc has pledged to end routine gas flaring by...
Business

The benefits of using a smart trading bot for tech startups

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In the fast-paced world of finance, tech startups face unique challenges that require innovative solutions. One promising approach is the use of intelligent trading...
Business

Block’s TBD announces hackathon grants to address payment gaps across Africa

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TBD, a division of Block, has announced the launch of the TBD Hackathon, a competition designed to address gaps in payment systems across Africa....
Business

Dangote Accuses IOCs and Nigerian Government Agency of Sabotaging Refinery Project

Efiok Ephraim -
Dangote Blames NUPRC and IOCs for Crude Supply Issues at Dangote Refinery. Aliko Dangote, President and Chief Executive of Dangote Group, has publicly criticized the...
Business

“Naira Continues to Appreciate Against the Dollar at Official FX Market”

Efiok Ephraim -
"Naira Continues Appreciation Against Dollar at Official FX Market, Strengthens on Parallel Market"   The naira has extended its appreciation against the dollar at the official...
Business

“Insecurity Drives Up Food Prices in Nigeria, Traders Warn”

Efiok Ephraim -
Traders at Ose Okwodu Market in Onitsha, Anambra State, have pointed to insecurity as a major reason for the escalating cost of food items...
Business

CBN injects $876 million into FX market to boost liquidity and transparency

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The Central Bank of Nigeria (CBN) has injected $876 million into the foreign exchange (FX) market to enhance liquidity and transparency. This move supports...
Business

Inconsistent rainfall could negatively impact crop yields, farmers warn

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Farmers across Nigeria are expressing concern over the inconsistent rainfall patterns this year, warning that it could significantly affect crop yields. While some crops...
Business

Dele Momodu Urges Caution Over Policies Impacting Nigeria’s Business Climate

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Renowned publisher Dele Momodu has expressed concern over recent policies of President Bola Tinubu’s administration, warning that they could drive investors away from Nigeria....
Business

Dangote Alleges NNPC Staff Involvement in Malta Blending Plant During Meeting with Lawmakers

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Aliko Dangote, the Chairman of Dangote Group, has brought forward serious allegations involving staff members of the Nigerian National Petroleum Company (NNPC) Limited and...
Business

fuel price jumps to ₦750.17 in June 2024 from ₦545.83 in June 2023

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In June 2024, the National Bureau of Statistics (NBS) reported significant changes in fuel prices compared to the previous year and month: 1. **Petrol Price:** -...
Business

Nigerian regions with the highest number of retail, trade businesses

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The informal economy plays a crucial role in Nigeria's economic landscape, with approximately 40 million Micro, Small, and Medium Enterprises (MSMEs), of which nearly...
Business

Navigating the World of Online Forex Trading

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Online forex trading has revolutionized the financial landscape, offering both beginners and seasoned traders alike new opportunities to participate in the global currency market....
Business

Celebrating 12 Years of Jumia: A journey of innovation, growth, and impact!

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Jumia's journey from its launch in 2012 to its current position as a leading e-commerce platform across Africa has been marked by significant growth,...
Business

Tinubu’s student loan, coastal highway project was our idea – Sowore

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The human rights activist noted that Tinubu’s government replicating their ideas resulted from people not paying attention to candidates who had ideas and glorifying...
Business

FG ALLOCATED ₦628.61 BILLION TO ELECTRICITY SUBSIDY IN 2023 AMID INCREASING POWER EXPENSES

Jay Fiona -
In 2023, the Federal Government of Nigeria allocated a substantial ₦628.61 billion towards electricity subsidies as part of its efforts to stabilize the power...
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