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Category: Economy

Business Economy

NIMC denies dollar charges for NIN modifications

Iheanyi Ejiofor July 16, 2024 No Comments #NIMC#NIN

The National Identity Management Commission faced public backlash on Monday after a social media user accused the agency of charging fees in U.S. dollars for National Identification Number data modifications…

Read More NIMC denies dollar charges for NIN modifications
Business Economy headline

Why pharmaceutical multinationals left Nigeria – PMG-MAN

Iheanyi Ejiofor July 15, 2024 No Comments #multinationals#PMG-MANforex

On Sunday, the Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) bemoaned the paucity of foreign exchange in the country, saying it had negatively affected the local pharmaceutical…

Read More Why pharmaceutical multinationals left Nigeria – PMG-MAN
Business Economy headline

Nigeria’s inflation rate surges to 34.19 % amid rising food cost

Iheanyi Ejiofor July 15, 2024 No Comments #inflation#NBS

Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS). This is an…

Read More Nigeria’s inflation rate surges to 34.19 % amid rising food cost
Business Economy headline

Dangote Group to become Nigeria’s largest forex supplier, targets $30 billion in revenue by 2025

Iheanyi Ejiofor July 15, 2024 No Comments #Aliko Dangote#Dangote refineryforex

The Dangote Group on Sunday revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in…

Read More Dangote Group to become Nigeria’s largest forex supplier, targets $30 billion in revenue by 2025
Business Economy headline

NNPC now owns 7.2% of Dangote Refinery, not 20%, says Aliko Dangote

Iheanyi Ejiofor July 14, 2024 No Comments #Aliko Dangote#Dangote refinery#NNPC

Our reporter/ The Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery, Aliko Dangote, the chief executive officer of Dangote refiney said on Sunday.…

Read More NNPC now owns 7.2% of Dangote Refinery, not 20%, says Aliko Dangote

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