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Naira Records First Depreciation Against Dollar Across FX Markets
The Naira has recorded its first depreciation against the dollar across foreign exchange markets. According to Central Bank of Nigeria exchange rate data,...
Olaitan Sodiq
CPPE Urges CBN to Reduce Interest Rates After Pause
CPPE has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward. This comes after the CBN retained the Monetary...
Olaitan Sodiq
Nigeria’s Petrol Consumption Rate Drops to 50 Million Litres Daily
Nigeria’s petrol consumption rate has drastically dropped to 50 million liters per day, with local refineries supplying half of the daily requirements. The...
Olaitan Sodiq
Naira Appreciates to N1,500 Per Dollar at Black Market
The Naira has continued to appreciate against the dollar at the parallel foreign exchange market. On Thursday, the Naira strengthened to N1,500 against...
Olaitan Sodiq
NNPC Fails to Remit N13.7 Trillion to Federation Account
NNPCL has failed to remit N13.763 trillion in revenue to the Federation account, covering a period between 2012 and 2024. According to a...
Olaitan Sodiq
Naira Gains Against Dollar in Parallel Market Amid CBN Reforms
The Nigerian naira has gained against the US dollar in the parallel market, trading at an average rate of N1,515 on Wednesday. The...
Olaitan Sodiq
Nigeria Bans 60,000-Litre Fuel Tankers from March 1 to Curb Road Accidents
FG has announced a ban on fuel tankers exceeding 60,000 litres from operating on Nigerian roads, effective March 1, 2025. The decision was...
Olaitan Sodiq
Binance Slammed With $81.5bn Lawsuit Over Alleged Tax Evasion, Economic Losses
The Federal Government has filed a fresh lawsuit against cryptocurrency platform Binance The Federal Government seeks $81.5 billion in penalties for alleged economic...
Olaitan Sodiq
