NIGERIA’S CAPITAL IMPORTATION SURGES 210% TO $3.37M IN Q1 2024
According to recently published National Bureau of Statistics (NBS) data, total capital imports into Nigeria increased by 210.16% to $3,376 million during the first quarter...
NIGERIA’S FIRST RAW GOLD SALE YIELDS $5M ECONOMIC BOOST
According to the Minister of Solid Minerals Development, Dele Alake on Sunday, Nigeria has recorded a commercial transaction of raw gold sales at the London...
UPDATE: PETROL PRICE RISES BY 223% TO N770 PER LITRE – NBS
According to data from the National Bureau of Statistics (NBS), the average price of Premium Motor Spirit (PMS), generally known as gasoline, increased by 223.21%...
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...