Naira Plunges to New Low: N1,655/$ in Parallel Market
The Nigerian currency, Naira, continued its downward spiral, depreciating to N1,655 per dollar in the parallel market, a decline from […]
Business
Business
The economy is really taking a toll with sacked workers withdrawing N9.2bn from their pension savings
while PenCom approves N10.5b mortgage for pension account holders. The economy’s tough times have led to 14,179 Retirement Savings Account
Central Bank and NDIC to Discuss Bank Recapitalization at Finance Correspondents Association of Nigeria Conference
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) will lead a discussion on the impact
Dangote Refinery: NNPC’s Condition for Exclusive Distribution
NNPC Limited will only become the sole distributor for Dangote Refinery if market prices exceed Nigeria’s pump prices. The Nigerian
Naira’s Value Falls Again with 25% Decrease in Market Activity
Naira dropped to N1,635 per dollar in the parallel market from N1,625 per dollar over the weekend. It appears that
Business
NNPC Raises Fuel Price by 45% to N897 Per liter.
The Nigerian National Petroleum Corporation (NNPC) Limited has announced an increase in the pump price of fuel from N617 per
Business
Petrol Price Hike Looms as Subsidy Removal Nears
Deputy Transport Editor, Theodore Opera and Emery Correspondents, Udeme Akpan, Edin Ejoh and Mariam Eko Report from Lagos: Nigeria’s downstream