Peoples Bank of China (PBoC) Holds Key Lending Rates Steady, Signals Cautious Economic Strategy
In a move widely anticipated by analysts, the People's Bank of China (PBoC) decided to maintain its key lending rates...
Oil Prices Stabilize Amid Fed Rate Cut Hopes Despite Weak Economic Data
Crude oil markets experienced a temporary reprieve on Thursday following a significant sell-off that had occurred in the previous session....
Global Diplomats Explore Partnership Opportunities as Nigeria Seeks $200 Billion Investment for Energy Transition
Nigeria’s ambitious energy transition goals have attracted the interest of international partners, as the country seeks to mobilize substantial investments...
Manufacturers Call for Government Action to Alleviate Regulatory Burden and Infrastructure Gaps in Lagos
The Manufacturers Association of Nigeria (MAN) has raised alarm over the escalating regulatory pressures and infrastructural challenges that are stifling...
Ajaokuta Steel Faces Grid Disconnection Over Escalating Debt Amid Calls for Government Bailout
The future of the Ajaokuta Steel Company Limited (ASCL), a once-promising industrial giant, hangs in the balance as the company...
Nigeria’s Metering Progress Stalls Amid Rise in Estimated Billing Practices, NBS Data Reveals
Despite significant progress in increasing the number of metered electricity consumers in Nigeria, the issue of estimated billing remains a...
NAFDAC Strengthens Regulatory Framework to Boost Nigeria’s Non-Oil Exports Amid Rising Rejection Rates
In a bid to address the growing challenge of rejected Nigerian food exports, the National Agency for Food and Drug...
CBN’s Strategic Policy Shifts Fuel Record-High Remittance Inflows, Boost Naira Liquidity
The Central Bank of Nigeria (CBN) has reported a significant 130% increase in remittance inflows, totaling $553 million in July...
NNPCL Repays 60% of $1.036 Billion Loan for Stake in Dangote Refinery, Highlights Commitment to Strategic Investment
The Nigerian National Petroleum Company Limited (NNPCL) has made significant progress in repaying a $1.036 billion loan used to finance...
Oil Prices Ease as U.S. Crude Stocks Rise Amid Diplomatic Efforts in Middle East
Oil prices experienced a slight decline on Wednesday, driven by a combination of rising U.S. crude inventories and diplomatic developments...
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