Business
NNPC: Nigeria’s oil production now 1.6m bpd
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that the country's crude oil production has increased to 1.6 million...
NIPC: We’re intensifying efforts to channel more FDI into Nigeria
The Nigeria Investment Promotion Commission (NIPC) has stated that it will encourage investment in various economic sectors to lessen dependency...
How billionaire Aliko Dangote became $1.5 billion richer in November
Following a huge $200 million gain in October, the wealthiest man in Africa saw a net worth increase of $1.5...
Non-oil exporters repatriated $4.99bn in 2022, says Emefiele
The Central Bank of Nigeria has stated that non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. This...
Amazon shuts down business in India
U.S. online retailer Amazon will shut down its wholesale distribution business in India as it moves to focus more on...
CBN reveals number of smallholder farmers who benefitted from its credit facilities
The Central Bank of Nigeria (CBN) has stated that more than four million smallholder farmers across the country have benefitted...
World Bank: Petrol, electricity subsides hurting poor Nigerians
The World Bank has disclosed that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained...
Naira redesign: CBN launches countdown clock on its website
The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes...
NEPC: Non-oil export will guarantee Nigeria’s economic survival
The Nigerian Export Promotion Council (NEPC) has stated that non-oil export will guarantee Nigeria's economic survival. This was disclosed by...
Like Meta, Amazon is planning to lay off 10000 workers
Amazon, the world's largest online retailer, is planning mass layoffs that could affect up to 10,000 of its employees. If...
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