The Nigerian National Petroleum Corporation Limited (NNPCL) on Monday evening reacted to the speculations that petrol…
Category: Business
Naira Slides Further As Dollar Shortage Hits Banks
THE widening gap between the demand and supply of dollars in the banks and at the…
Forex Crisis: Marketers Increase Fuel Again, Suspend Fuel Imports [See New Price]
Oil marketers, on Sunday, indicated that the cost of Premium Motor Spirit, popularly called petrol,…
CBN May Lose Control Of The Naira
WHILE the government appeared distracted with the coup in Niger Republic, the naira plunged further…
Residents Of Ibeju Lekki Applaud Dangote Refinery CSR Activities
The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on…
CBN Threatens To Sanction Banks Involved In Illegal Sales Of Forex
The Central Bank of Nigeria (CBN) has threatened to sanction banks caught engaging in illegal forex…
Niger Owes Nigeria N4bn For Power Supply – NERC
Niger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supply; the Nigerian Electricity…
Panic As Dollar Approaches N1,000 At Parallel Market
The naira plunged to a record low of N925/$1 on the parallel market on Wednesday, August…
Price Of Cooking Gas To Go Up Next Week
The price of cooking gas in Nigeria is to be increased with effect from next…
Naira Slumps To N900/$ In Black Market As New Concerns Over Arbitrage Arise
Nigeria’s currency, the naira on Tuesday, August 8, 2023 hit a new low against the dollar…