With NNPC’s recent fuel price hike following subsidy removal, Nigeria faces inflationary pressures, higher costs for businesses, and concerns about effective reinvestment of saved funds.
Business
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South Korean investors have proposed to build four refineries with a capacity of 100,000 barrels in Nigeria, said Petroleum Minister Lokpobiri.
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The Nigerian National Petroleum Company Limited has increased the price of petrol to N1,030 per liter in Abuja, causing frustration among consumers
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Nigeria’s capital importation rose to $2.60bn in Q2 2024 with 26 states including Oyo and Zamfara states receiving no FDI at all.
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Learn which Nigerian banks offer the best loans for small businesses, providing competitive rates and tailored support for SMEs
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Sanwo-Olu inaugurates export of 11 agricultural containers to China.
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The naira-for-crude deal delay leaves Nigerian refineries waiting for crude oil supply, as officials remain silent beyond the Oct. 1 start date
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Shell announces Ronald Adams as the new managing director of SNEPCo, replacing Elohor Aiboni, who takes up an international role in Brunei
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Nigeria aims for a $1 trillion economy by 2026, but only through strong collaboration between banks and fintech companies can this vision be realized
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Nigeria teams up with Turkey’s Memorial Hospital to improve healthcare, bring specialized treatments, and reduce outbound medical costs for Nigerians
