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Investors Lose N847 Billion in Stock Market Amid Profit-Taking and Selloffs

Investors saw a significant loss of N847 billion in the stock market last week, driven by profit-taking activities and selloffs

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Naira Continues to Slip as Exchange Rate Hits N1,595 to the Dollar

The Naira saw a further decline yesterday, slipping to N1,595 per dollar in the parallel market, down from N1,590 per

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Nigeria Spends $600 Million Monthly On Fuel Import Amid Subsidy Removal- Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that Nigeria is spending $600 million

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President Tinubu Orders NNPC To Sell To Dangote Refinery In Naira

President Bola Tinubu has instructed the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil in Naira to the

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Local Refiners Promise to End Nigeria’s Fuel Imports in 18 Months

Local refinery owners, including the Dangote Petroleum Refinery, assert they can eliminate Nigeria’s dependency on imported refined petroleum products within

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Naira’s Stability Restored as Liquidity Returns- CBN Governor

Olayemi Cardoso, the Governor of Nigeria’s Central Bank, has announced the end of the recent concerns over the naira’s devaluation,

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Femi Otedola Boosts Majority Stake in FBN Holdings with N17.2 Billion Share Purchase

Billionaire businessman and Chairman of FBN Holdings Plc, Femi Otedola, has strengthened his majority stake in the company by acquiring

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Petrol Prices Skyrocket by Over 200%: May 2024 Report Reveals Highest and Lowest Rates Across Nigeria

The national average retail price of Premium Motor Spirit (PMS), commonly known as petrol, rose by 223.21 percent year-on-year to

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Blackouts Hit Parts of Ghana and West Africa Due to Nigerian Gas Supply Disruption

Several regions in Ghana and other West African countries are currently experiencing blackouts due to a prolonged disruption in gas

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FG To Take $500M World Bank Loan to Boost Roads and Agriculture

The Federal Government of Nigeria is seeking a $500 million loan from the World Bank to enhance rural road infrastructure