NPA Secures $700m Facility From Citibank To Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. ...
Marketers enthusiastic over Dangote’s N1,000/litre diesel price.
The Dangote Petroleum Refinery has given consideration to the demands of oil marketers concerning the decrease in the cost of diesel, also known as...
Cashless Transactions Surge 88% To N237trn In Q1
Cash transactions in Nigeria rose to N237 trillion in the first quarter of 2024, according to new statistics from the Nigeria Interbank Settlement System.
According...
Naira gains 7.2% against dollar at official market
On Friday, the official market saw a sharp increase in the value of the naira, which was trading at N1,142.38 to the dollar.
The Naira increased by N88.23, according to data from the FMDQ Exchange's official trading portal, which is in charge of the Nigerian Autonomous Foreign Exchange Market.
Comparing this to the previous trading date on Monday, April 8, when the currency was trading at N1,230.61 to the dollar before to the Sallah holiday, shows a rise of 7.16 percent.
According to the News Agency of Nigeria on Saturday, the total daily turnover went from $125.55 million on Monday to $281.34 million on Friday.
In the Meantime, at the Investor’s and Exporter’s window, the Naira traded between N1,265 and N1,100 against the dollar.
Nigeria’s Oil Production Dropped In March – OPEC
Nigeria’s crude oil production has recorded its second consecutive drop this year, from 1.32 million barrels per day in February to 1.23 in March,...
Reverse outrageous tariff hike – Electricity workers tell Tinubu
Senior Staff Association of Electricity and Allied Companies has asked President Bola Ahmed Tinubu’s government to reverse the 245 per cent electricity hike by...
SELL YOUR HOARDED DOLLARS AND COUNT YOUR LOSSES BEFORE IT IS TOO LATE
The USD is on the downward trends, may reach unexpected low before June as petroleum marketers started lifting AGO (Diesel) from Dangote refinery earlier...
Again, CBN sells $10,000 to BDCs at N1,101/$
The Central Bank of Nigeria (CBN) has announced another round of dollar sales to Bureau De Change (BDC) operators.
This was contained in a statement...
Shettima Inaugurates IDICE Technical Committee, Pledges New Dawn
Vice President Kashim Shettima has inaugurated a technical committee to kick off the Investment in Digital and Creative Enterprises (iDICE) Programme, describing the development...
Naira undervalued by 30% – Renaissance Capital
According to the Renaissance Capital Africa research, Nigeria is expected to see a rise in oil prices and a strengthening of its currency in...
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