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Inflation Rises to 24.23% in March

Nigeria’s headline inflation rate rose to 24.23 percent in March, the National Bureau of Statistics (NBS) has stated.

Avoid Illicit Recapitalisation Funds, CBN Warns

The Central Bank of Nigeria (CBN) has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise.

OPEC Revises Oil Demand Growth Forecast Over US Tariffs

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.

Japan Grants Nigeria $30m for Start-up Hubs in Abuja

The Japan International Cooperation Agency (JICA) and the Federal Government of Nigeria have signed a $30 million grant agreement to establish Start-Up Hubs in Abuja.

NMDPRA Slashes Gas Price for GenCos

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has slashed the price of natural gas for power generation companies.

Nigeria, Tanzania to Strengthen Bilateral Ties with Direct Flight

Nigeria and Tanzania are set to strengthen bilateral ties with the planned launch of direct flights between the two countries.