market
Naira Appreciates in Official Market But Crashes in Parallel Market
On Monday, October 14, 2024, the Nigerian currency, the naira, made a notable recovery in the official foreign exchange market, appreciating by approximately...
World Bank Endorses CBN Governor Yemi Cardoso’s Exce Rate Policy
The World Bank has expressed support for the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, and his recent exchange rate unification policy....
Federal Government Grants Dangote Refinery Exclusive Rights to Supply Jet Fuel in Nigeria
The Federal Government of Nigeria has announced that the Dangote Refinery has been granted exclusive authorization to supply jet fuel, or Jet A1,...
Federal Government and Dangote Refinery Strike Groundbreaking Naira Payment Deal for Crude Supply
In a major economic development, the Federal Government of Nigeria has entered into a landmark agreement with the Dangote Refinery to pay for...
CBN Sells $543.6 Million to ilize Foreign Exce Market Amid Rising Demand
The Central Bank of Nigeria (CBN) has reported that it sold a total of $543.6 million to authorized dealer banks in the Nigerian...
LCCI Urges Federal Government to Implement Bold Economic Measures on Independence Day
As Nigeria celebrates its 64th Independence Day anniversary, the Lagos Chamber of Commerce and Industry (LCCI) has issued a call for the Federal...
Dangote Group to Transport Refined Petroleum Products by Sea
In a strategic move to enhance its distribution network and alleviate road congestion, Dangote Group has announced plans to transport refined petroleum products...
Naira Strengthens as Dollar Supply Increases by 117% in the Forex Market
The supply of the U.S. Dollar and other foreign currencies surged by 117 percent at Nigeria's foreign exchange (FX) market on Friday, boosting...
Concerns Rages Over Potential Stock Market Crash in USA
Discussions on X (formerly Twitter) have been dominated by concerns surrounding a potential #StockMarketCrash and the ongoing debate over Bidenomics, the economic policy...
