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Nigeria Raises Domestic Gas Price to $2.18 as Energy Costs Edge Higher

Nigeria, April 1 -- The adjustment marks a slight rise from the previous rate and reflects broader efforts to align pricing with market realities under the Petroleum Industry Act. Updated rates also a... Read More


FGN Bond Yields Climb as Govt Cuts Borrowing Despite Strong Demand

Nigeria, April 1 -- Dated-term auction results show that subscriptions reached about N931.5 billion against a N750 billion offer, indicating consistent investor demand. But the government sanctioned ... Read More


FIFA Confirms Iran Will Play World Cup Matches in United States

Nigeria, April 1 -- The statement follows persistent questions on Iran's participation stemming from escalating geopolitical tensions with the United States and its allies. While Iranian football off... Read More


Super Eagles Held by Jordan in Tense Friendly as Iwobi Sees Red

Nigeria, April 1 -- Jordan started brightly and took the lead through Mousa Tamari after sustained early pressure. Nigeria thought they had responded quickly, but a goal from Raphael Onyedika was rule... Read More


Afreximbank Backs Dangote Refinery with $2.5bn Deal to Drive Expansion

Nigeria, April 1 -- Set with Access Bank, the five-year syndicated loan aims to restructure existing debt and strengthen the refinery's financial position as operations grow. Still the biggest of its ... Read More


Global Conflict Risks Trigger Fresh Inflation Shock- IMF

Nigeria, March 31 -- From a new perspective, the fund indicated the most imminent danger to be energy supply interruptions. Already under stress are important shipping lanes like the Strait of Hormuz,... Read More


Aba Attracts Fresh Investment as New Beverage Plant Signals Economic Rebound

Nigeria, March 31 -- Under the Razzl label, the plant in the Osisioma industrial complex will produce soft beverages, therefore increasing regional output capacity and fortifying supply networks throu... Read More


Naira Weakens at Official Market To N1366

Nigeria, March 30 -- The parallel market came under greater pressure as the local currency fell by 2.21% to approximately N1,386 per dollar. The greater disparity between the two markets indicates ong... Read More


Nigeria Inflation Rises to 15.24% as Food and Fuel Costs Rise

Nigeria, March 30 -- Even as broader factors like improved foreign exchange stability and recent statistical changes support a generally steady outlook, analysts note that the expected increase reflec... Read More


Nigeria's Oil Export Revenue Falls to $31.5bn as Gas, Refining Gains Ground

Nigeria, March 30 -- With oil revenues falling from $36.85 billion in 2024, the most recent balance of payments report underlines continuing obstacles in the main source of income for the nation. This... Read More