NAIRA SLUMPS TO N1,600/$ IN PARALLEL MARKET
From N1,590 per dollar last weekend to N1,600 per dollar on Tuesday, the Naira depreciated further in the parallel market. In contrast, the Nigerian Autonomous...
NERC GRANTS MTN, OTHERS LICENCES TO GENERATE ELECTRICITY
The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and other multinationals for mini-grid...
WE DID NOT FIX N600/LITRE PETROL PRICE — DANGOTE
The management of the Dangote Refinery has dismissed reports of a fixed petrol price of ₦600/litre, calling them “speculative announcements” with no basis. A statement...
JUST IN: CBN REINTRODUCES PUBLICATION OF KEY ECONOMIC REPORTS, REITERATES COMMITMENT TO TRANSPARENCY
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the...
WE STILL CAN’T SECURE OUR FULL CRUDE REQUIREMENT FROM NNPC – DANGOTE
The Management of Dangote Petroleum Refinery has insisted that it is not yet getting enough crude required for the effective optimization of its refinery from...
NET FX FLOWS HIT $25.4 BILLION IN SIX MONTHS – CBN
The Central Bank of Nigeria, as part of its continuous commitment to supporting the effective functioning of the foreign exchange market by increasing liquidity as...
FG PARTNERS WITH ICAC, MOVES TO REVIVE COTTON/TEXTILE INDUSTRY
The Federal Government has collaborated with the International Cotton Advisory Committee (ICAC) to revive the moribund cotton/textile industry. Disclosing this in a statement on Tuesday,...
JUST IN: PROVIDUS BANK PROPOSES MERGER WITH UNITY BANK
- CENTRAL BANK OF NIGERIA (CBN) APPROVES FINANCIAL ACCOMMODATION The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support...
CABALS IN NIGERIA FRUSTRATING DANGOTE REFINERY – OBASANJO
Former President Olusegun Obasanjo has expressed concerns that those currently profiting from Nigeria’s fuel importation sector may seek to undermine the Dangote Petroleum Refinery. This...
HUNGER PROTEST STALLS FUEL LOADING AT LAGOS PORTS
The #endbadgovernanceinNigeria protest that began on Thursday led to a halt in petrol loading at the Lagos depots, causing fuel scarcity to persist. Sources confirmed...