market
Naira Strengthens in Parallel Market but Depreciates in Official FX Market
The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...
Federal Government Reports $20 Billion Savings from Subsidy Removal
The Federal Government of Nigeria has announced a $20 billion savings following the removal of the petrol subsidy and the adoption of market-driven...
Naira Depreciates Further Against the Dollar Across FX Markets
The naira experienced renewed depreciation against the dollar on Wednesday at both the official and black market foreign exchange rates. Data from FMDQ...
NNPCL Raises Petrol Prices Again Amid Declining Global Oil Rates and Naira Depreciation
In a new price adjustment, the Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS), commonly known...
CBN Maintains High Interest Rates to Tackle Persistent Inflation in Nigeria
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, recently highlighted the complexities surrounding Nigeria’s high-interest rate policies, pointing out...
Nigerian Government Bans LPG Exports to Curb Rising Cooking Gas Prices
In a bid to address the soaring cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, the Nigerian federal government has...
NNPC-Chevron Joint Venture Makes New Discovery Amid Declining Oil Exploration in Nigeria
The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has achieved a significant milestone with the successful drilling of the Meji...
EU Launches Climate Month to Foster Sustainability Ahead of COP29
The European Union (EU) has kicked off a series of strategic events to celebrate its Climate Month in anticipation of COP29, which is...
Former Rivers APC Chairman Tony Okocha Criticizes Governor Sim Fubara Amid Political Rift
Tony Okocha, the former Chairman of the Rivers State chapter of the All Progressives Congress (APC), has criticized Governor Sim Fubara, warning that...
Naira Among Worst-Performing Currencies in Sub-Saharan Africa, World Bank Report Reveals
The Nigerian Naira has emerged as one of the worst-performing currencies in sub-Saharan Africa as of the end of August 2024, according to...
