'$80bn Investments Needed to Achieve Agenda 2050' The Minister of Budget and Economic Planning, Sen. Atiku Bagudu said Nigeria needs at least $100bn in investments to achieve Nigeria Agenda 2050, with over 80 per cent expected from the private sector. The minister disclosed this while speaking...

Nigeria’s Inflation Hits 28.92% Amid High Food Prices Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023 headline inflation rate showed an...

Stock Market Gains N1.85trn As Investors Position For Corporate Earnings   The stock market of the Nigerian Exchange (NGX) gained N1.85trillion week-on-week (WoW) to extend its positive run for a second week as investors continued to take position ahead of 2023 corporate earnings. The market capitalisation closed...

Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria...

Seven Major Marketers Get Approval to Sell Dangote Fuel The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers...

Tinubu's Encouragement Made The Refinery Project Possible – Dangote Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, the President of Dangote Group, Aliko Dangote, has expressed appreciation to President Bola Tinubu for his vision and support. According to the...