Dangote Refinery to Begin Fuel Exports Across Africa Amid Local Import Controversies
The Dangote Refinery and Petrochemical plant is preparing to begin fuel exports to South Africa, Angola, and Namibia, with negotiations in advanced stages, according...
FAAC Revenue Hits N6.28 Trillion in Q2 2024 as VAT, Duties Lead Growth Amid Low Oil Contributions
The Federation Account Allocation Committee (FAAC) revenue surged to N6.28 trillion in the second quarter of 2024, primarily fueled by robust collections from Value...
Naira Strengthens in Parallel Market, Weakens in Official Market as FX Turnover Drops
The Naira appreciated yesterday in the parallel market, climbing to N1,725 per dollar from last Friday's rate of N1,735.
However, in the Nigerian Autonomous Foreign...
Price of 5kg cooking gas stood at N6,699.63 in September- NBS
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N6,430.02 recorded in August to N6,699.63 in...
Nigeria must cut govt waste, direct spending to targeted poverty programmes – World Bank
The World Bank on Thursday sais Nigeria must cut government waste and direct spending to targeted poverty programmes and stick to realistic budgets...
Naira Falls Further As NNPCL Hikes Fuel Prices Again
The naira continued its downward spiral against the dollar at the foreign exchange market following another round of fuel price increases by the Nigerian...
Naira Fallels To N1,680/$ In Parallel Market
The Naira yesterday depreciated to N1,680 per dollar in the parallel market from N1,655 per dollar on Tuesday.
Similarly, the Naira depreciated to N1,667.42 per...
Harvest season responsible for decline in inflation rate- experts
Economists have attributed the decline in Nigeria’s headline inflation rate to the ongoing harvest season.
The economists, who spoke with the News Agency of...
CBN To Reintroduce Cybersecurity Levy On Electronic Transactions
The Central Bank of Nigeria (CBN) has announced plans to re-introduce and enforce the payment of the Cybersecurity Levy on electronic transactions by Nigerians.
This...
Fuel Subsidy Removal Poses Risk To External Reserve Growth – CBN
The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside...
