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Jonathan NwokporThe foreign exchange market saw a N81.34 depreciation of the naira against the US dollar in a single day. The naira fell to N1,154.08 per dollar on Thursday from N1,072.74
Read MoreJonathan NwokporOlayemi Cardoso, the governor of the Central Bank of Nigeria, reports that Nigeria’s foreign reserves have increased by $600 million. As a result, in the upcoming days, the Naira would
Read MoreJonathan NwokporThe price of diesel has been confirmed to drop from N1200 to N1,000 per litre by Dangote Petroleum Refinery. The refinery said in a statement that it supplied diesel at
Read MoreJonathan NwokporThe Nigerian government has decided to sell crude oil to Dangote and local refineries to strengthen the Naira. Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission, revealed
Read MoreJonathan NwokporAccording to Finance Minister Wale Edun, Nigerians save in US dollars because they no longer trust the Naira. He pointed out that the recent increase in the value of the
Read MoreJonathan NwokporThe national grid collapsed on Monday due to a fire incident, according to the Transmission Company of Nigeria, or TCN. This was revealed in a statement by Ndidi Mbah, General
Read MoreJonathan NwokporThe Federal Competition and Consumer Protection Commission, FCCPC, encourages Nigerians to report arbitrary price increases, emphasising its commitment to taking action against businesses involved in price fixing. The FCCPC released
Read MoreJonathan NwokporOn suspicion of organising an Islamist-motivated terror attack, three teenagers have been arrested by the police in Germany. Two girls aged 15 and 16 and a boy aged 15 were
Read MoreJonathan NwokporThe largest producer of crude oil in Africa, Nigeria, was displaced in March by Libya. The Organisation of Petroleum Exporting Countries’ monthly oil report for March, which was released on
Read MoreJonathan NwokporOn Tuesday, Alphabet, Google’s parent company, rocketed to $1.95 trillion, its highest-ever share price. Data from Google’s performance in the stock market showed that its stock jumped to an all-time
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