Business

IMF Raises Nigeria’s 2024 Growth Forecast to 3.3%, Says Country On Path To Rein In Inflation

The IMF forecasts that Nigeria’s inflation will decrease to 23% in 2025 and 18% by 2026 due to reforms.

7 months ago

Nigerian Breweries To Temporarily Close Two Plants Following N106 Billion Loss In 2023

Nigerian Breweries has set up a strategic recovery plan after it lost N106 Billion in 2023.

7 months ago

Nigeria Has Lost $34bn In Oil Output Decline From Delayed Seplat-ExxonMobil Deal, Deputy Oil Minister Lokpobiri Says

Deputy oil minister Lokpobiri says Nigeria could ramp up oil production to five million bpd within a year.

7 months ago

Dangote Slashes Diesel Price To N1,000/litre From N1,200, Eyes Economic Boost

Dangote Petroleum Refinery on Tuesday announced a further reduction of the price of diesel from N1,200 to N1,000 per litre.

7 months ago

Starlink Users In South Africa Face Service Termination Over Violations

Starlink has notified South African users via email that their internet service will end on April 30 due to policy…

7 months ago

Governor AbdulRazaq Says Kwara Open to Collaborate on Processing Solid Minerals Locally

Kwara's government wants to make ease of doing business a major selling point.

7 months ago

X To Charge New Users For Posting On Platform

Elon Musk has announced posting charges for new users on X, users will be granted free posting privileges after three…

7 months ago

Oil Prices Dip Following Iran’s Attack on Israel, Brent Crude Trades Near $90

Analysts have said that Israel's reaction to Iran’s attack would be crucial for global oil markets in the coming days…

7 months ago

UBA Unveils Strategies for Growth and Regulatory Compliance, Considers Rights Issue

UBA's gross earnings surged from N853.2 billion in 2022 to N2.08 trillion by 2023 ending, marking 143% growth.

7 months ago

NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience

NDIC has endorsed CBN's regulatory measures, promising to protect depositors' interests and to ensure seamless transition.

7 months ago