Naira Depreciates 1.4% Amid CBN’s FX Sales Deadline Extension
At the official market on Monday, the value of the naira dropped, trading at N1,495.60 to the US dollar. Data from the FMDQ Security Exchange...
Stock Market Loses N207 Billion Amid Easter Break
The Nigerian equity market experienced a decline during the holiday-shortened trading week, losing ₦207 billion in market capitalization as investor sentiment remained cautious amid...
BREAKING: Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO
The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at...
Inflation, Policy Inconsistency Can Destabilise Economic Reforms, Analysts Warn
Analysts have warned that the rise in inflation, policy inconsistency, and volatile exchange rate, among other factors, can destabilise the ongoing economic reforms, which...
How Nigeria Spent N896.7bn On Debt Servicing In Q1’22
Nigeria spent N896.7 billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22 , representing a 12 per cent year-on-year (YoY) decline from N1.02 trillion spent in the corresponding period of 2021. In its External and Domes...
Abia, Firm To Sign $200m Oil Palm Plantation MoU
Abia State Government and an agro-processing firm are set to sign a $200 million Memorandum of Understanding, MoU, aimed at reviving oil palm plantation...
FG not planning to borrow N2trn pension fund for infrastructure – Finance Minister
Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday, dispelled the report that the Federal Government was planning to borrow N2trillion...
Fuel Subsidy Removal: Give Tinubu More Time To Address Hardship, Gov. Sani Begs Nigerians
Amid the pain caused by the fuel subsidy removal, Governor Uba Sani has pleaded with Nigerians to be patient with President Bola Tinubu’s government. He...
Low Spending: Manufacturers Shun Dealers, Now Deal Directly With Consumers
•A wholesaler’s warehouse filled with goods Plummeting consumer spending has lingered for a long time now, and is telling on suppliers in the business chain. For...
MRS Oil Emerges As Nigeria’s Downstream Market Leader After Dangote Refinery Deal
A groundbreaking fuel supply and distribution deal between Dangote Refinery and MRS Oil Nigeria Plc has propelled MRS Oil to the top of Nigeria’s...
