Nigeria’s naira currency has fallen to a new low of N1040 per dollar in the parallel market, where most Nigerians buy and sell foreign exchange. This is according to a …
Business
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Nigerian banks have increased their lending to the private sector to a record high of N54.76 trillion in August 2023, partly driven by the foreign exchange revaluation gains from the …
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The Zone 2 Police Command based in Onikan, Lagos, is currently investigating a land dispute that led to the sealing of several oil and gas depots in Kirikiri Town, Lagos. …
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Despite significant advancements in healthcare, the battle against cancer, especially in terms of prevention and treatment, remains an uphill struggle in Nigeria. This article delves into the challenges surrounding access …
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Introduction Access Bank Plc, a prominent retail giant, is gearing up for the fifth installment of its annual women’s health month program, scheduled for October 2023. The ‘W’ Initiative, driving …
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Nigerian brewers face tough times as the country’s foreign exchange crisis has doubled their finance costs. This, coupled with rising inflation and supply chain disruptions, is putting a strain on …
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Nigeria, Africa’s largest economy, faces a serious challenge of rising foreign debt as investors shun its domestic market. According to a National Bureau of Statistics report, Nigeria borrowed $1.21 billion …
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BusinessNews
US to Invest $29 Million in Supporting Aquatic and Fish Farmers in Nigeria and Other Nations
The United States Government, through the US Agency for International Development, is set to allocate a significant $29 million investment to bolster aquatic and fish farming initiatives in Nigeria, Bangladesh, …
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With a nod to history and a vision for the future, Governor AbdulRahman AbdulRazaq unveils Kwara State’s newly-developed sugar film factory. This initiative symbolizes the administration’s commitment to job creation, …
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The Organisation of Oil Petroleum Exporting Countries (OPEC) has taken active steps in reviewing and addressing production data across its member states and allies. Prices have seen an 8% decline, …