NAIRA APPRECIATES AGAINST DOLLAR AT BLACK MARKET
The Naira appreciated marginally to N1,480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays....
OPERATION WHIRLWIND: SMUGGLING PUSHES PETROL PRICE T N900 – CUSTOMS
Comptroller Kehinde Ejibunu, the National Coordinator of Operation Whirlwind for the Nigeria Customs Service, claims that the price of Petrol Motor Spirit items has increased...
NIGERIA’S CRUDE OIL PRODUCTION DROPS TO 1.25M BARREL PER DAY – OPEC
According to direct communication from the Organization of Petroleum Exporting Countries (OPEC), Nigeria's average crude oil output in May decreased to 1.25 million barrels per...
NO PLAN TO REVOKE WEMA, POLARIS, UNITY, FIDELITY LICENCES – CBN
…Reassures Public About Safety of Their Bank Deposits The Central Bank of Nigeria has said there is no plan to revoke the operating licences of...
NIGERIA RECORDS N6.52 TRN TRADE SURPLUS IN Q1’24
The first quarter of 2024 (Q1'24) saw a trade surplus of N6.52 trillion for Nigeria. This is a quarter-on-quarter (QoQ) rise of 79 percent over...
(JUST IN) MINIMUM WAGE: N60,000 TOO HIGH, NOT SUSTIAINABLE – GOVERNORS
The proposed N60,000 minimum wage for Nigerian workers has been rejected by governors operating under the Nigerian Governors Forum's auspices. The NGF's Director of Media...
NGX RECORDS N132BN MARKET CAPITALIZATION GAIN
The Nigerian Stock Exchange recorded a N132 billion market capitalization gain at the close of trading on Wednesday. Accordingly, the market capitalization opened at N56.031...
BREAKING: NDIC TO COMMENCE PAYMENT OF HERITAGE BANK’S DEPOSITORS THIS WEEK
As of this week, depositors of Heritage Bank (in liquidation) will be paid their insured deposits. This was disclosed by the Managing Director (MD) of...
LATEST: FG, LABOUR IN EMERGENCY MEETING AS STRIKE GROUNDS ECONOMIC ACTIVITIES
The Federal Government of Nigeria has called labor leaders to a conference in Abuja, the nation's political capital, as the organized labor movement's statewide walkout...
UPDATE: NIGERIA NO LONGER INDEBTED TO FOREIGN AIRLINES – IATA CONFIRMS
The International Air Transport Association (IATA) has given an update on airline funds trapped in Nigeria, disclosing that 98% of the blocked funds have been...