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Nigeria’s Foreign Reserve Continues Improvement As Naira Dips Further At I&E…
Tuesday, 16th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the…
FG Borrows N2.45tn From CBN Amid Fiscal Risks-Nigeria.
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose…
Nigeria’s Banking Sector Leads, Attracts $1.47 Billion Foreign Inflows In Six…
The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of…
Coinbase Posts $1.1 Billion Loss In Q2 2022, Worst Since Listing On NASDAQ.
Citing “fast and furious” downturn of the crypto markets, Coinbase, one of the largest cryptocurrency exchanges;…
Nigerian President Withholds Approval Of Exxon Mobil’s Asset Sale.
Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's (XOM. N) sale of…
Flutterwave Hires 200, Grows Workforce By 38%.
Flutterwave has said it has completed the recruitment process for its inaugural graduate trainee programme; and…
Nigeria Spends $2.35bn On Phone Importation – Report.
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade…
How Inflation Worsens Plight Of Nigerian Workers.
Workers have continued to groan under the adverse effect of inflation on their income.
Economists define…
Nigeria, Three Others Top World Bank Debtors’ List.
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list.
…
Petroleum Minister, Timipre Sylva, Says Nigeria Loses 400,000 Barrels Per Day To…
Rising cases of oil theft which has affected Nigeria’s earning capacity in a period of high crude prices could be…
EFCC battles black market to boost naira, local currency gains N60 to $1 within a…
After plummeting to an all-time low of N710.00 the value of the local currency in Nigeria increased dramatically…
Nigerian Pension Fund Administrators Pay N49.5 Billion Taxes In 3 Years.
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021; a 15.6%…
Brent Crude Oil Posts Worst Weekly Decline Since April 2020.
The commodities market in 2022 has been nothing short of a rollercoaster ride, especially in the Oil and Energy…
Oil Price Falls, OPEC Raises Nigeria’s Production Quota.
The Organisation of Petroleum Exporting Countries raised Nigeria’s crude oil production quota for September 2022…
Alibaba Revenue Beats Despite Flat Growth Due To COVID Lockdown.
China's Alibaba Group Holding Ltd (9988.HK), beat market expectations for revenue in the quarter ending late June;…
NNPC Sells N147bn Petrol, Diesel In One Month.
The Nigerian National Petroleum Company Limited said it made N147.36bn from the sale of petrol and diesel in…
FG Generates N2.5bn Daily From TinCan Port – Nigeria Customs.
The TinCan Island Command of the Nigeria Customs Service has said that the command makes an average of N2.5bn…
Importing What Nigeria Can Produce Threatens Economy – Customs
The Nigeria Customs Service has said that importing what the country can produce is a big threat to the economy.
…
How Fake Drugs Threaten Nigeria’s Multi-Billion Pharma Industry.
The National Primary Healthcare Development Agency, NPHDA, said that over 70% of medicines being dispense in…
Naira Falls At I&E Window Despite A 163% Surge In Forex Supply.
Tuesday, 2nd August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1.
Naira…
Black Market Speculators Lose Big After Naira Gains N50/$1 In A Few Days.
Since the start of August, the naira has continued to rise while holding onto its gains amid weak buying…
Nigerian Stocks: List Of Dividends Announced In 2022.
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders; as…
Naira crash: Peter Obi Urges Nigerians To Stop Using Dollars For Local…
Peter Obi, the presidential candidate of the Labour Party has urged the government and Nigerians to stop using…
We Didn’t Increase Petrol Price, Marketers Did – Nigeria FG.
The Federal Government insisted that it had not raised the pump price of Premium Motor Spirit; popularly called…
FG Failed To Provide N100bn Electricity Subsidy – Nigeria Discos.
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos; by…
BDC Operators Urge Central Bank To Abandon Offical Rate As Naira Continues To…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN); to…
Nigerian Exchange Lifts Suspension On Trading In The Shares C&I Leasing.
Nigerian Exchange Limited (NGX) has lifted the suspension placed on trading in the shares of C&I Leasing Plc.
…
NGX’s Top 3 Gainers For The Month Of July 2022- Nigeria.
The Nigerian equity market is now on its second consecutive month of decline as it posted a negative performance;…
Debt Management Office Lists Triple-Tranche Bonds On Nigerian Exchange
The Debt Management Office (DMO) has listed a triple-tranche of $4 billion Eurobonds, $1.25 billion Eurobonds; and…
FG To Increase Penalties For Gas Flaring.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Society of…