Naija247news

Key Points: 1. Organized labor, represented by NLC and TUC, has suspended their planned nationwide indefinite strike action. 2. An agreement was reached in a memorandum of...

Investigative News and Reports

Diezani Alison-Madueke faces bribery charges in London court

LONDON, Oct 2 - A former Nigerian oil minister...

Investigative News and Reports

Fact-CHECK REPORT: Nigerian Soldiers, Not Zamfara Footballers, Seen with AK-47 Rifles in Viral Video

A widely circulated video on WhatsApp, Facebook, and social...

The BigRead

The Big Read

Africa’s coup epidemic: Has democracy failed the continent?

September 22, 2023 0

In August, when a group of Gabonese military officers...

The Big Read

EXPLAINER: Better Reform ECOWAS Than Embark On Military Adventures in West Africa

August 24, 2023 0

By Kestér Kenn Klomegâh The Economic Community of West...

The Big Read

The rise, fall and rise again of Nuhu Ribadu, Nigeria’s new security chief

August 10, 2023 0

Lagos, Nigeria – In 2006, Nuhu Ribadu was one...

The Big Read

Insight: Behind Niger’s coup, a feud over the former president’s legacy

August 6, 2023 0

NIAMEY, Aug 6 (Reuters) - Niger's coup was the...

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Data & Inflation

Industrial Inflation

Africa’s Sugar Imports Surge as prices spike across, local output wanes

Retail & Households inflation

BUA Cement Plc Initiates Sale of Cement at N3,500 Per Bag Ahead of Schedule

Retail & Households inflation

“Cement Prices Set to Soar to $12 Amidst Concerns Over Concrete Road Initiatives, Manufacturers Urge FG Action”

Food Inflation

“Nigeria’s Uncontrollable Inflation Over the Years: A Rollercoaster Ride Through Neoliberal Democratic Administrations”

BUA Cement Plc Initiates Sale of Cement at N3,500 Per Bag Ahead of Schedule

Retail & Households inflation

“Cement Prices Set to Soar to $12 Amidst Concerns Over Concrete Road Initiatives, Manufacturers Urge FG Action”

Retail & Households inflation

FG Hikes Prices Of Electricity Metres

Retail & Households inflation

Lagos to Abuja flight ticket could cost N250k – Airline operators say

Retail & Households inflation

Commuters Lament as Transportation cost increased by 98% in one month – NBS

Retail & Households inflation

Diesel Price Surges to N867 per Liter in Lagos, Reaches N875 in Southwest

Retail & Households inflation

IPMAN warns of possible ₦750 per litre petrol price increase.

Retail & Households inflation

Beer Prices to Increase in Nigeria as Brewers Announce Hike in Costs

Retail & Households inflation

The Nigerian Economy

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“NDIC Distributes N16.18 Billion in Liquidation Dividends to Stakeholders of 20 Banks”

The Editor - October 3, 2023

Don’t Overburden Local Entrepreneurs With Tax, Joe Abah Tells Tinubu Govt

Naija247news - October 2, 2023

FG Trains Enugu Farmers On Cassava Stem Cultivation, pest control

Azonuchechi Chukwu - October 2, 2023

Tinubu Government Exempts Diesel from VAT for Six Months, Offers Labor Additional Benefits

October 1, 2023

Tinubu administration seeks to avert labour strike, offers wage increase

October 1, 2023

CBN will spend $3bn loan to stabilise economy

September 29, 2023

“Economist Rewane Urges Nigeria’s Economy Liberation for Strength and Currency Boost”

September 29, 2023

Increased export will stop Naira from further depreciation – NEPC

September 28, 2023

Nigeria’s Tax Reforms Target Wealthy Individuals to Address Revenue Shortfall

September 28, 2023

FMAFS distributes 14,633 hybrid coconut seedlings to farmers in five states

September 28, 2023

IMF advises Nigeria, others on eliminating tax exemptions

September 28, 2023

EXPLAINER: What ommodification of the naira, using cassava’

September 27, 2023

Markets & Investing
Markets & Investing

Global stock index dips while bond yields, dollar climb

News Wire - October 2, 2023

S&P 500 falls while Nasdaq advances Oil prices drop with...

Stock market sheds N516bn,All Share Index decline by 1.40%

Azonuchechi Chukwu - October 2, 2023

October 2, 2023. Azonuchechi Chukwu. Trading on the floor of the...

Bearish Sentiment Holds Grip by 1.40% w/w on Persistent Sell-Pressure….

Godwin Okafor - October 1, 2023

It was another negative outing this week for the...

Local Investors Flex Investment Muscles Amidst 63% m/m Downturn in Trading Activities on NGX

Emman Tochi - October 1, 2023

This week, we take a cursory look into the...

Stock market decline further, All Share Index down by 0.31%

Azonuchechi Chukwu - September 29, 2023

September 29, 2023. Azonuchechi Chukwu. The Nigerian stock market on Thursday...

“Asian Stocks Rebound Slightly from 10-Month Low, Rate Concerns Persist”

News Wire - September 29, 2023

Asian stocks have made a modest recovery from their...

Monetary & Fiscal Policy

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Yields on FGN Securities Push Higher on Sell Pressure…

Godwin Okafor - October 1, 2023

This week, the values of FGN bonds traded nat...

Ease in System Liquidity Spook Money Market Rates ..

Godwin Okafor - October 1, 2023

In the just concluded week, we saw yields in...

Naira Weakens Further Across Markets as New CBN Chief Takes Office…..

Godwin Okafor - October 1, 2023

This week, the naira grappled with strength against the...

Naira depreciates against Dollar at the Investors and Exporters Window

Azonuchechi Chukwu - September 29, 2023

September 29, 2023. Azonuchechi Chukwu. The Nigerian currency depreciated against the...

Naira exchange rate hits N1000/$1

Naira appreciates against Dollar at Investors and Exporters Window

Naira plunges to record 980 to Dollar on black market

Naira depreciates by 0.34% against Dollar at Investors and Exporters Window

Naira Weakens to N773.98/$1 at Investors and Exporters Window

Naira weakens against Dollar at the Investors and Exporters Window

Naira depreciates to N758/$1 at Investors and Exporters Window

Naira appreciates by 4.06% at the Investors and Exporters Window

Oil & Gas

“OPEC+ Secretary-General Expects High Oil Prices Amidst Rising Demand”

The Secretary-General of OPEC+, Haitham Al Ghais, has stated that oil prices are expected to remain high due to increasing energy demand. OPEC+ is a...

News Analysis

Investor Caution Grows Amidst Climbing Crude Prices

By John Kemp LONDON, Oct 2 (Reuters) - Portfolio investors...

Oil Markets

“Oil Prices Slide Amidst Strong Dollar and Profit-Taking by Traders”

In early Asian trading on Tuesday, oil prices experienced...

Oil Markets

OPEC oil output rises for second month on Nigeria, Iran spikes

OPEC output rises 120,000 bpd from August - survey Iranian...

News Analysis

Oil prices climb as investor risk appetite grows

TOKYO, Oct 2 (Reuters) - Oil prices climbed on...

Companies & Finance
Companies & Markets

Bank caution customers on dangers of SIM swap fraud

Companies & Markets

Azonuchechi Chukwu - October 2, 2023

October 2, 2023. Azonuchechi Chukwu. Pan-African bank has once again, raised alarm on the dangers of SIM swap fraud, stressing that that fraudsters could use it...