Nigeria Raises Interest Rate to 27.50% Amid Inflationary Pressures
November 26, 2024 – The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50%, marking a 25 basis point rise from the previous rate of…
The Manufacturing Sector’s 90.11% GDP Growth Decline: Challenges and Pathways to Recovery
Nigeria’s manufacturing sector has faced a staggering 90.11% decline in GDP growth for Q3 2024, signaling a critical juncture for one of the nation’s economic pillars. This unprecedented contraction has…
Nigeria’s Broadband Revolution: Targeting 70% Penetration by 2025
In an era where connectivity defines progress, Nigeria is making ambitious strides to bridge its digital divide. With the goal of achieving 70% broadband penetration by 2025 as outlined in…
This Week in Nigerian Markets: Key Developments to Watch
As November ends, Nigerian investors are bracing for a week that could shape market sentiment heading into December. Persistent inflationary pressures, shifting foreign exchange dynamics, and potential corporate and policy…
Nigeria Air: Court Permits Hadi Sirika to Travel Abroad Amid Fraud Case
The Federal Capital Territory (FCT) High Court in Abuja has granted former Minister of Aviation, Hadi Sirika, permission to travel abroad to accompany his ailing mother for medical treatment. This…
NNPC Launches 40,000 bpd Utapate Crude to Global Market, Plans to Double Output by 2025
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled the Utapate crude oil blend, a new addition to Nigeria’s energy export portfolio. Currently producing 40,000 barrels per day (bpd), the…
Lagos Government Cracks Down on Housing Project Delays: Contractors Face Termination
The Lagos State Government has issued a stern warning to contractors involved in its ongoing housing projects, emphasizing that any delays will be met with strict consequences, including possible contract…
Nvidia Q3 Fiscal 2024 Earnings: A Comprehensive Analysis
Nvidia Corporation, the leader in AI and GPU technology, released its Q3 fiscal 2024 earnings, surpassing many expectations while highlighting both opportunities and challenges. As the “Age of AI” continues…
Target Faces Challenges Amid Sluggish Holiday Sales Forecast
Target Corporation (NYSE: TGT) is grappling with significant challenges as it approaches the critical holiday season. With a “triple miss” in its recent earnings report—falling short on revenue, profit, and…
Starlink Halts New Orders in Nigeria Pending NCC Price Approval
November 20, 2024 – Starlink, the satellite internet service by Elon Musk’s SpaceX, has temporarily suspended new orders for its residential kits in Nigeria. The decision comes as the company…