NNPC will stop using crude swaps and focus on cash payments for imported gasoline.
The Nigerian National Petroleum Company Limited (NNPC) plans to stop using crude oil swaps in favor of cash…
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FG and Foreign Airlines are Scheduled to Meet on Trapped Funds.
The International Air Transport Association, a worldwide airline trade group with headquarters in Switzerland,…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the…
NLC Refuses to Attend a FG Meeting, and Electrical Workers Support Strike.
The Federal Government convened a meeting on Sunday to discuss the elimination of the fuel subsidy and the ensuing…
Outgoing Parliament: Nigeria Spent $25 billion to Repair Refineries.
Nigeria spent more than 11.35 trillion naira ($25 billion) in the last ten years repairing its three inoperable…
According to FIRS, Nigeria’s tax-to-GDP ratio is at 10.86%.
The Federal Inland Revenue Service (FIRS) Executive Chairman, Mr. Muhammad Nami, said yesterday that the nation's…
CLO: Nigeria’s Withdrawal of Gasoline Subsidies will Increase Cash in…
The withdrawal of gasoline subsidies, according to the Nigeria Sovereign Investment Authority's chief investment…
Stock Investors Seek Change as Capital Flight Continues.
The effects of fiscal and monetary policies on the Nigerian equities market have raised concerns among…
CBN Devalues the Naira to N631 per $1.
The Nigerian Central Bank depreciated the naira from N461.6 to N631 per US dollar.
48 hours after President…
FG Approves Nigerdock’s Multi-Billion Dollar Snake Island Port Expansion.
The federal government has given the go-ahead to Nigerdock, a service provider to the offshore oil and gas…
NNPC Increases Petrol Price to Between N488 and N557 Per Litre With End of…
Yesterday, the Nigerian National Petroleum Company (NNPC) Limited increased the price of gasoline at the pump by…
Due to the liquidity shortage, the insurance business has shrunk by 7%, according…
The National Bureau of Statistics' most recent data show that the insurance sector's growth decreased by 7.25…
NCAA Stakeholders Call for a 50% Energy Transformation.
Aviation stakeholders have urged the Nigerian Civil Aviation Authority to start working with other industry…
Exchange Rates Used by CBN may Increase Debt Loads, According to W’Bank.
David Malpass, the president of the World Bank Group, has issued a warning that Nigeria's parallel exchange rate…
Naira Increases on the Black Market and Reaches 750/Dollar.
The naira's value versus the dollar increased at the parallel market, where it closed on Wednesday at N750 as…
Amethis completes a second transaction for the Africa Europe Expansion Fund.
The first Amethis Europe Expansion close has been announced by Amethis and Edmond de Rothschild Private Equity.…
Nestlé Announces a New Board Chairman.
Mr. Gbenga Oyebode has been chosen by Nestlé Nigeria Plc to serve as the new chairman of its board of directors.…
Telcos are retiring obsolete USSD codes.
As instructed by the Nigerian Communications Commission, telecommunications companies have begun to phase out…
States are severely lacking in debt management and financial transparency –…
The Central Bank of Nigeria (CBN), said strategic efforts must be made to fortify States’ capacity in the…
LCCI Tells Tinubu to Address Budgetary Shortfalls and Ineffective Monetary Policy.
The Lagos Chamber of Commerce and Industry (LCCI) has directed the administration of President Bola Tinubu to…
Report: Release $802m to the Aviation Sector.
Dr. Seinde Fadeni, Chairman of the Board of Nigerian Aviation Handling Company Plc (NAHCO), has urged the Federal…
Removal of subsidies: Petrol shortage intensifies; black market prices N800/litre
Oil marketers closed their doors to vehicles after President Bola Ahmed Tinubu's inaugural address on Monday, in…
Domestic NGX trades decline by 45%, according to report.
Domestic trading volume on the Nigerian Exchange Limited has decreased from N3.556 trillion in 2007 to N1.945 …
NIMET Alerts the Public to a Fake Recruitment Website.
The Nigerian Meteorological Agency has released a disclaimer informing the public that no recruitment efforts have…
Tinubu takes over N16tn of the unfinished projects.
According to research by The PUNCH, Bola Tinubu, the newly elected president of Nigeria, has formally taken over …
Nigeria Eurobonds and Stocks Rally on Tinubu Promise to End Fuel Subsidy.
Nigeria's sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu declared during his…
NAMB Initiates Recapitalisation Review of MFBs after Revocation.
The National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the…
CBN and NCC Commit to Expand Financial Inclusion at RegTech Summit.
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have pledged to work together…
FG borrowed N6 trillion from CBN in 2022 – Report.
According to latest data from the Central Bank of Nigeria, the Federal Government borrowed N6.07 trillion from the…