Business

Port Rehabilitation Delayed Despite $700m Loan

The rehabilitation of Apapa and Tincan Island Ports in Lagos has been delayed despite the Nigerian Ports Authority securing a $700m loan for the project. The loan was secured from…

August 14, 2025

Business

Be Wary Of Fake Recruitment Announcement, NNPC Warns

NNPC has warned the public against a fake recruitment link circulating online for jobs at the revamped Port Harcourt refinery. According to Olufemi Soneye, no separate recruitment process exists besides…

August 14, 2025

Business

NBS Reveals States With Highest Cooking Gas Prices In Nigeria

NBS has reported that Taraba, Lagos, and Benue have the highest prices for liquefied petroleum gas (LPG) in Nigeria. The average price of 5kg of LPG increased by 44.62% to…

August 14, 2025

Business

Nigeria Faces Fresh Price Hikes As 15% Ports Tariff Increase Takes Effect

NPA has announced a 15% increase in ports tariff, sparking concerns of a fresh price hike nationwide. Stakeholders in the sector have warned that the tariff increase burden will be…

August 14, 2025

Business

Binance Slammed With $81.5bn Lawsuit Over Alleged Tax Evasion, Economic Losses

The Federal Government has filed a fresh lawsuit against cryptocurrency platform Binance The Federal Government seeks $81.5 billion in penalties for alleged economic losses The Federal Government has filed a…

August 14, 2025

Business

Naira Records First Depreciation Against Dollar on Black Market

The naira has recorded its first depreciation against the dollar on the black market since the start of the week. According to a Bureau de Change operator, the naira fell…

August 14, 2025

Business

Nigeria’s Power Generation Hits 6,003mw – Power Minister

FG has announced a historic achievement in Nigeria's power sector, with power generation reaching 6,003 megawatts. According to the Minister of Power, Adebayo Adelabu, the tariff review has ensured liquidity…

August 14, 2025

Business

World Bank May Approve $1.13bn Loans for Nigeria Soon – Report

The World Bank may approve $1.13 billion in loans for Nigeria by the end of March 2025 to support economic resilience, health security, and education reforms. Three key projects are…

August 14, 2025

Business

Black Market Dollar To Naira Rate Today, November 23 2022

Dollar To Naira Rate Today The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N773 and sell at N785 on…

August 14, 2025

Business

Dollar To Naira Black Market Exchange Rate For Today April 20, 2023

The dollar to naira black market exchange rate for today 20th April 2023, on Daily Report Nigeria. This digital news platform has obtained the official naira black market exchange rate in Nigeria today…

Daily Report August 14, 2025