The Naira yesterday depreciated to N1,611.34 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for...
Marketers have expressed strong concerns over the designation of NNPC Limited as the sole off-taker of petrol from the Dangote Refinery, warning that the move could...
The price of petrol, Tuesday afternoon, surged to N1,500 per litre leaving motorists and commuters stranded and angry. Before the sudden increase in the pump price...
Two days after it cried out that the burden of petrol price has pushed it into over $6 billion debt, the Nigerian National Petroleum Corporation, NNPC,...
Global suppliers of petrol are no longer enthusiastic about supplying the product on credit to the Nigeria National Petroleum Company Limited (NNPCL) due to piling debts,...
The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The...
The Federal Competition and Consumer Protection Commission has given a one-month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices...
The Naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the Naira yesterday depreciated to N1,606.56 per...
The Federal Government of Nigeria has successfully issued a $500 million domestic dollar bond with an attractive 9.75% interest rate for investors. This inaugural bond in...
The Federal Government has threatened to withdraw licences of oil marketers found guilty of hoarding Premium Motor Spirit otherwise known as petrol, following the unabated scarcity...