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The Central Bank of Nigeria (CBN) has removed the data which provided a fresh loan of N3.8 trillion in Ways and Means to the federal government from its website. Naija News earlier reported that the Tinubu government took the loan during the second half of 2023 This is according to provisional data published in the […]
The post CBN Removes Report On Fresh ₦3.8 Trillion Loan From Tinubu Govt appeared first on Naija News.
Nigeria has announced plans to establish a groundbreaking $10 billion diaspora fund. The fund aims to attract investments from its substantial overseas population to bolster key sectors such as infrastructure, healthcare, and education. Naija News understands that the initiative, spearheaded by the country’s Ministry of Industry, Trade, and Investment, is designed to tap into the […]
The post Nigeria Unveils $10 Billion Diaspora Fund To Boost Economic Growth appeared first on Naija News.
Nigeria, formerly the world’s leading cocoa producer, has slipped in the ranking due to outdated farming techniques, planters say.
The post Nigeria Not Making Progress In Cocoa, Oil Palm Production, Say Planters appeared first on Arise News.
PZ Cussons has announced it’s intention to exit Africa’s business environment. Speaking on Wednesday, April, 24, the company said it has begun a strategic review of its African businesses to exit Africa, partly due to economic challenges in Nigeria. PZ Cussons explained that its sales in Nigeria plunged by 48% due to the naira devaluation […]
The post Another Multinational Giant Set To Leave Nigeria, Africa After 140 Years, Blames Naira Devaluation appeared first on Naija News.
Petroleum marketers have said that the monetary policy tightening has made it difficult for them to get huge loans to lift petroleum products
The post CBN’s New CRR Policy Hinders Petroleum Marketers’ Financing For Dangote Refinery Products appeared first on Arise News.
Cement prices across Nigeria have decreased dramatically, from a high of N10,000-N15,000 per 50kg bag to a more affordable range of N7,000-N8,000. This change comes after intense volatility in the building materials sector peaked earlier this year. In February, the construction industry faced major disruptions as cement prices soared, causing numerous real estate developers to […]
The post Cement Prices Drop Across Nigeria (See Why) appeared first on Naija News.
Analysts have said that the Dangote refinery has to potential to alleviate Nigeria’s cost of living crisis.
The post Dangote Refinery To Potentially Reduce West Africa’s Petrol Imports By 290,000 bpd, Says S&P Global appeared first on Arise News.
NNPC CEO Kyari says the commencement of oil drilling at Madu Field is a significant milestone for Nigeria.
The post NNPC, First E&P Kickstart Oil Production At OML 85, Expect 7.3m Barrels Annually appeared first on Arise News.
Lauding Dangote, President Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport to economic prosperity.
The post Tinubu Lauds Dangote Group For Reducing Diesel Price By 60% appeared first on Arise News.
NDIC has endorsed CBN’s regulatory measures, promising to protect depositors’ interests and to ensure seamless transition.
The post NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience appeared first on Arise News.