Nigerian economy

Soaring rice prices threaten Christmas celebrations for Nigerian families

Soaring rice prices threaten Christmas celebrations for Nigerian families

Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring food prices have made the…

9 hours ago

NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per day (bpd) Port Harcourt Refinery…

10 hours ago

Naira crashes against dollar at official, black markets

The naira declined against the dollar in both the official and parallel foreign exchange markets, closing the week with a…

1 day ago

Senate moves Tinubu’s ₦49.7tn Budget to appropriations committee

The 10th Senate, under the leadership of Godswill Akpabio, on Thursday, advanced the ₦49.7 trillion 2025 Budget to its second…

2 days ago

Dollar crashes as naira appreciates on Black Market

The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday. Alhasan Abubakar, a Bureau de Change…

3 days ago

Full text of Tinubu’s address on 2025 budget to National Assembly

President Bola Ahmed Tinubu on Wednesday delivered the 2025 budget proposal to a joint session of the National Assembly. The…

4 days ago

Bill to prohibit foreign currency use in Nigeria passes first reading in Senate

The Senate has initiated a move to restore Nigeria’s monetary sovereignty by prohibiting the use of foreign currencies for payments…

4 days ago

BREAKING: Nigeria’s inflation jumps to 34.60% in November – NBS

Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer…

6 days ago

No expiry date for old ₦1000, ₦500, ₦200 notes – CBN

The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the…

1 week ago