Nigeria has started selling crude oil in naira to the Dangote Refinery in a strategic move to reduce foreign exchange pressure and stabilize the local currency.
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The tragic loss of over 60 lives in a boat accident on Nigeria’s Niger River calls attention to persistent safety failures. Urgent reforms are needed to prevent future disasters.
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Nigeria’s non-oil exports have fallen by 5.65%, underscoring the challenges of diversifying the economy and boosting foreign exchange earnings amid heavy reliance on oil.
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The PDP has sharply criticized President Tinubu’s Independence Day address, highlighting economic issues and urging for people-centered reforms to ease Nigerians’ struggles.
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Ex-Governor Darius Ishaku of Taraba State has been remanded over ₦27 billion fraud allegations. The case is part of Nigeria’s broader anti-corruption efforts.
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The PDP is preparing legal documents to challenge the Edo governorship election results, citing vote rigging and irregularities in hopes of a transparent court process.
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NEITI reports that Nigeria’s oil and gas sector owes the government $6 billion and ₦66 billion in unpaid taxes and royalties, calling for urgent government action to recover the funds.
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The Nigerian government has increased the NYSC monthly allowance to ₦77,000, a move aimed at supporting corps members and boosting youth empowerment.
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Nigerian banks are grappling with a 69% rise in impairment charges due to a spike in loan defaults, driven by inflation and economic challenges.
