Economy
Aviation fuel contamination: FG identifies unlicensed suppliers at airports
The Nigerian Civil Aviation Authority (NCAA) has discovered and chased away unlicensed aviation fuel suppliers in Nigerian airports across the country.
Nigeria still repaying World Bank loan borrowed under IBB, 107 others as debt stock hits N87trn
The Nigerian government is servicing about 108 World Bank loans with some dating as far back as 1986 under the government of former President Babangida
Lekki Mall, 3 other eye-catching properties up for sale as Novare begins plan to ‘leave’ Nigeria
Lagos biggest shopping mall has been put up for sale by Nigerian institutional investor and developer, Novare Real Estate Nigeria Limited (NREN).
“N980/$”: Naira crash against US dollar adds over n1.5trn to states external debts, Lagos worst
The continues depreciation of the naira against the US dollar continue to have a big effect on the debt stock of Nigerian states including FCT with Lagos leading.
As naira crashes to N983/$, Nigeria’s crypto transaction reaches $56.7bn despite CBN ban
Despite a depreciating naira, skyrocketing inflation and poor living conditions, the value of cryptocurrency transactions in Nigeria increased to $56.7 billion.
Tough Christmas ahead as naira crashes to all-time low of N980 per dollar
The Nigerian currency has hit its lowest ever in the black market trading at N980 per dollar as analysts predict that it will predict that it will crash to N1,000/$
China cuts back on loans to Nigeria, other African countries as defaults increase
Data from Boston University's Global China Initiative shows that African countries struggle with debt difficulties and China's own economy encounters challenges
Guinness Nigeria ex-employee takes company to court, becomes N52.5 million richer
Guinness Nigeria has been forced to pay out over N50 million to one of its staff after a wrongful dismissal, according to a court judgment in Port Harcourt.
“We are ready": Dangote Refinery announces new take-off date after missing August deadline
Nigeria's long-awaited Dangote Refinery in LFTZ is set to begin operation after several delays as it prepares to receive its first cargo in two weeks.
Economy
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