Federal High Court Orders Ecobank Nigeria to Pay Honeywell Flour Mills N72.2bn in Damages
The Federal High Court in Lagos has issued a ruling ordering Ecobank Nigeria to pay Honeywell Flour Mills the sum…
Day: July 19, 2023
UK Adds Naira to “Pre-Approved Currencies” for Financing Nigerian Trade
The United Kingdom (UK) will include the Nigerian naira in its list of “pre-approved currencies” for financing transactions, allowing the…
Fluctuating Fuel Prices Expected as Nigeria Deregulates Downstream Petroleum Sector
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigerians should anticipate fluctuations in the price of Premium…
Federal Government Takes Aim at Anti-Competitive Practices and Unjustified Food Price Hikes in Nigeria
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), is taking measures to address anti-competitive practices and…
Nigeria Faces Protests and Discontent as Petrol Price Soars Following Subsidy Removal
The Nigeria Labour Congress (NLC) issued a warning, stating that it might withdraw from talks with the federal government over…
Fuel Consumption in Nigeria Plummets After Subsidy Removal: Imports Decline, Free Market Emerges
The Nigerian Government announced that fuel consumption in the country has significantly dropped to 46.38 million litres per day after…
Nigerian Naira Faces Volatility Amidst Exchange Rate Fluctuations
The official exchange rate of the Nigerian Naira improved from N803.9 per dollar, but at N820/$1, the parallel market rate…
Nigerian Ports Authority Records Impressive Revenue in First Half of 2023
The Nigerian Ports Authority (NPA) has announced a total revenue of N191,430,093,501.00 generated from its operations in the first half…
Central Bank of Nigeria Reduces Approved Bureau de Change Dealers
The Central Bank of Nigeria (CBN) has published an updated list of approved Bureau de Change (BDC) dealers in the…
Nigerian Ports Authority Records Strong Revenue Growth in H1 2023
The Nigerian Ports Authority (NPA) reported robust performance in the first half of 2023, with 1,852 vessels completing operations, leading…
Nigerian House of Representatives to Investigate Non-Remittance of Revenues by NNPC
The Nigerian House of Representatives has announced its intention to conduct an investigation into the Nigerian National Petroleum Company Limited…