Explore emerging rental market trends and future forecasts to make informed property investment decisions Introduction As a real estate investor or property owner, understanding 2024 rental market trends is crucial to making profitable decisions. With shifts in tenant demand, rental rates, and economic factors, knowing where the rental market is heading allows you to capitalize…
As Dangote Refinery prepares for large-scale fuel export, South Africa and other African countries show strong interest, positioning the refinery as a crucial supplier Dangote Refinery fuel exports are poised to reach new heights as the facility moves closer to exporting fuel to countries across Africa. Sources confirm that the refinery, located in Nigeria and…
How Nigeria’s New FX Disclosure Scheme Aims to Transform Foreign Exchange Management The Nigeria FX disclosure scheme marks a significant step in Nigeria’s efforts to stabilize and bring transparency to its foreign exchange market. This scheme, introduced in response to longstanding challenges, aims to provide clear guidelines and promote compliance within the forex sector. As…
New tax reforms aim to encourage wage increases and ease transportation costs for low-income workers in Nigeria The Nigerian Federal Government has introduced a new initiative aimed at providing a 50% tax relief for firms increasing wages, helping employers improve salaries or offer transportation allowances to low-income employees. This initiative forms part of a broader…
Amid rising dollar liquidity and controlled FX demand, the naira gains value ahead of the Central Bank’s FX automation trial In a sign of increased dollar liquidity and moderated demand, the naira has shown a notable recovery ahead of the CBN FX automation trial. Closing at N1,600 per US dollar in the official market, the…
Nigerians urged to report distribution companies that demand consumers purchase transformers, poles, and cables In a recent reminder to Nigerians, the Nigerian Electricity Regulatory Commission (NERC) emphasized that DisCos must supply transformers and cables—a duty the Commission expects all electricity distribution companies to fulfill. NERC’s announcement aims to ensure that consumers are not burdened with…
Customers of Guaranty Trust Bank (GTBank) have faced significant frustration and confusion over the past ten days due to a recent technological upgrade implemented by the bank. On Friday, October 11, 2024, GTBank announced the transition to an advanced Finacle Core Banking Application System, with the upgrade scheduled to conclude by Monday, October 14. However,…
GoTV subscribers, especially football fans, express frustration over missing channels and demand refunds following an unexpected service disruption GoTV subscribers demand compensation for service outage and missing channels, especially those who rely on the prepaid satellite service for sports and entertainment. On Tuesday night, several football enthusiasts across Nigeria experienced the frustration of having key…
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection for 2024 to 2.9%, citing insecurity and climate-related challenges affecting key sectors The International Monetary Fund (IMF) has lowered Nigeria’s economic growth forecast for 2024 to 2.9%, reflecting a decline from earlier estimates. This adjustment comes as the IMF projects the global economic growth…
President Tinubu promotes CNG as an affordable alternative to petrol during recent energy initiative discussions In a recent address, President Bola Tinubu urged Nigerians to consider the new petrol and CNG pricing in Nigeria: petrol at N1,000 per litre and CNG at N200. During a meeting at the State House, he highlighted the government’s commitment…
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