Business

Naira depreciating again against dollar

The foreign exchange market saw a N81.34 depreciation of the naira against the US dollar in a single day. The…

8 months ago

Naira appreciation: Nigeria gets fresh $600m into FX reserves

Olayemi Cardoso, the governor of the Central Bank of Nigeria, reports that Nigeria’s foreign reserves have increased by $600 million.…

8 months ago

Dangote crashes price of diesel to N1000 per litre

The price of diesel has been confirmed to drop from N1200 to N1,000 per litre by Dangote Petroleum Refinery. The…

8 months ago

Nigerian govt to sell crude oil in Naira to Dangote, other local refineries

The Nigerian government has decided to sell crude oil to Dangote and local refineries to strengthen the Naira. Gbenga Komolafe,…

8 months ago

Why Nigerians lost faith in Naira – Finance Minister, Edun

According to Finance Minister Wale Edun, Nigerians save in US dollars because they no longer trust the Naira. He pointed…

8 months ago

TCN reveals why the national grid collapsed

The national grid collapsed on Monday due to a fire incident, according to the Transmission Company of Nigeria, or TCN.…

8 months ago

Nigerian govt urges citizens to report draconian price increases

The Federal Competition and Consumer Protection Commission, FCCPC, encourages Nigerians to report arbitrary price increases, emphasising its commitment to taking…

9 months ago

Naira appreciates by N60 against dollar after Eid-el-fitr holidays

On suspicion of organising an Islamist-motivated terror attack, three teenagers have been arrested by the police in Germany. Two girls…

9 months ago

Libya displaces Nigeria as largest crude oil producer in Africa – OPEC

The largest producer of crude oil in Africa, Nigeria, was displaced in March by Libya. The Organisation of Petroleum Exporting…

9 months ago

Google’s stock hits all-time high of $1.95trn

On Tuesday, Alphabet, Google’s parent company, rocketed to $1.95 trillion, its highest-ever share price. Data from Google’s performance in the…

9 months ago