UNSTABLE CUSTOMS FX RATES: Rate: Smuggling Rises By 203% In 6 Months
NATIONAL ECONOMY can report that the fluctuating, inconsistent, and volatile exchange rate for clearing imported cargo at the nation’s seaports...
Thursday, November 28, 2024
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As theft ravages oil, gas sector: Investors Propose Divestment Of 26 Oil Blocks Worth 8.2m Barrels
In a strategic pivot for Nigeria’s oil sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that international oil...
PoS Fraud Rises By 31% Amid Dwindling ATM Usage
Nigeria has seen a striking 31.12 per cent increase in Point-of-Sale (POS) fraud cases during the first quarter of 2024,...
Households Struggle As Food Prices Continue To Rise
In today’s Nigeria, the struggle against rising food prices has become a daily battle for many households. Adebayo Onafowankan, a...
Crude Supply Shortage Threatens Local Refining
Nigeria’s quest to transform its oil sector and achieve self-sufficiency in fuel refining is under serious threat as the country...
Cash-strapped States Waste Billions On Unprofitable Airports
Nigeria’s state governments are pouring billions of naira into building and maintaining airports that remain largely unprofitable, raising significant concerns...
26 Fatalities In 30 Months: Incessant Building Collapse Sparks Nationwide Alarm
In Nigeria, the persistent and troubling trend of building collapses highlights critical issues within the nation’s construction industry and the...
3m Barrels Shortfall In 5 Months: Nigeria’s Crude Oil Output May Worsen Further
Nigeria’s oil production is facing significant challenges, with a potential worsening of the situation as investors and international contractors shy...
Fixing FX Issues Major Option As Multinationals Exit Nigeria
The recent decision by the House of Representatives to investigate the mass exodus of multinational companies (MNCs) from Nigeria underscores...
‘Democratic’ Debt Accumulation: Nigeria’s Public Debt Ballooned By N118trn In 25 Years
Africa’s most populous nation and largest economy, is grappling with a substantial increase in its public debt, reaching a staggering...
