The Nigerian Naira on Thursday exchanged at N530 per dollar in the parallel market. This is according to data provided by abokiFX. The Naira has… Read More »Naira continues to lose value at 530 per dollar
The Central Bank of Nigeria (CBN) has denied allegation that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue… Read More »CBN denies non remittance of 80 % surpluses
Nigeria’s apex bank, Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for… Read More »CBN names Bitt Inc as partner for eNaira as digital currency launches October 1
Petty traders plying their business in Nigeria’s capital city, Abuja, are showing resilience despite rising inflation. The traders who sell essential commodities, especially foodstuffs spoke… Read More »Abuja petty traders bemoan declining sales amid soaring commodity prices
The Dangote’s Two Billion US Dollar petrochemical plant located in Ibeju-Lekki, Lagos State, is to produce 77 different high-performance grades of polypropylene. The Group Executive… Read More »Dangote’s $2bln petrochemical plant almost ready,to produce 77 grades of chemicals
Mr Alex Okoh, the Director-General, Bureau of Public Enterprises (BPE), says the Federal Government has the political will to resuscitate ailing and non-performing privatised enterprises… Read More »FG willing to resuscitate moribund privatised entities- BPE
Nigeria’s Gross Domestic Product (GDP), grew by 5.01 per cent (Year-on-Year) in real terms in the Second Quarter of 2021 (Q2, 2021), marking three consecutive… Read More »Nigeria’s GDP grows by 5.01% in Q2 2021- NBS
The Federal Inland Revenue Service (FIRS) has urged taxpayers to continue to pay their Value Added Tax (VAT) to it to avoid paying penalties for… Read More »Continue to pay your VAT to us, FIRS urges taxpayers
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that their members would begin importation of fuel independent of the Nigerian National Petroleum Corporation… Read More »Marketers to resume importation of petrol soon – IPMAN spokesman
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country.… Read More »COVID-19 helped to reduce cost of oil production in Nigeria – Sylva
MTN Nigeria contributed R4 billion (approximately N111.765 billion) to MTN Group’s cash inflows in the first half of 2021. This was contained in a press… Read More »MTNNigeria contributes N111.8bn to Group’s H1 2021 revenue
Wood Mackenzie (WoodMac), a Verisk business, has said that it considers only 20 per cent of the joint venture resources held by Shell Petroleum Development… Read More »Our valuation of Shell’s 30% stake in Nigeria JV is $2.3bn – WoodMac
After a few weeks of rising, the country’s external reserves have once again started to fall, losing $4.8 million in two days. Data obtained from… Read More »Unable to sustain an upward trend, external reserves shed $4.8m
The rising cost of Liquefied Petroleum Gas (LPG) has made Abuja residents who depend on the product cry out of discomfort. The residents have witnessed… Read More »Abuja residents lament rising cost of cooking gas