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Sunday, December 22, 2024

CATEGORY

Economy

Port Harcourt Refinery: Loader confirms commencement of operation, rebukes false information

Dibia Isaiah, a loader and the Chief Security Officer of Alesa Kingdom, Rivers State, has confirmed that the Port Harcourt Refinery, recently relaunched by...

CBN hikes interest rate to 27.5%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 27.25% to 27.50% to curb rising inflation. This decision was made...

Naira falls to N1,745/$ in parallel market, gains in NAFEM

The Naira weakened further in the parallel market, closing at N1,745 per dollar on Thursday, down from N1,740 per dollar recorded on Wednesday. In contrast,...

GenCos suffer N229.6 billion losses as grid instability persists

Nigeria's 21 operational electricity plants on the national grid have reportedly suffered financial losses of approximately N229.6 billion in 2024 due to repeated grid...

Naira strengthens to N1,725/$ in parallel market

The Naira appreciated to N1,725 per dollar in the parallel market on Tuesday, improving from N1,730 per dollar the previous day. In the Nigerian Autonomous...

BREAKING: Again, Tinubu-led govt increases fuel price

The Nigerian National Petroleum Company Limited (NNPCL), under President Bola Tinubu's government, has again increased the price of fuel at the pump amid growing...

Drama as man spotted eating roadside sacrifice amid Nigeria economic hardship

An unidentified Nigerian man has sparked mixed reactions after a video surfaced showing him eating a roadside sacrifice amid ongoing economic challenges in the...

NLC lashes IMF, World Bank says “allow Nigerians to breathe Freely”

The Nigeria Labour Congress (NLC) has censured the International Monetary Fund (IMF) and the World Bank to cease imposing what it describes as insincere...

Naira depreciates to N1,740 in parallel market amid mounting pressure

The Nigerian naira has seen its value slide further, closing at N1,740/$1 in the parallel market last weekend, signaling a reversal of recent gains. This...

Patients flood Neuropsychiatric Hospitals as economic hardship fuels mental health crisis in Nigeria

As Nigeria faces escalating economic challenges, a growing number of citizens are expressing concerns about their mental health, with rising cases of anxiety, depression,...

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