Naira Slumps To N1,340/$1 At Parallel Market, FX Shortages Persist
Hopes of local and international businesses getting foreign exchange suffered a set-back as the naira slumped to fresh lows against the US dollar at the official and parallel markets at...
NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import...
CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed.
The data from the apex bank’s...
Dangote Refineries To Supply 150,000 IPMAN Stations
The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the refinery and executives...
Lekki Seaport Berths Largest Container Vessel
The Lekki Seaport in Lagos has received one of the largest container vessels in the world.
The MAERSK EDIRNE, a 13,092 TEUs vessel, landed at the Nigerian waters on Sunday afternoon.
The massive container vessel docked...
In 8 Months of Tinubu Administration, Nigeria’s Stock Market Leads the World, by Bayo Onanuga
The Nigerian economy is looking good in some sectors. This is not a harebrained assessment, despite the high inflation and the unstable exchange rate of...
