Naira Appreciates To N742/$ At Official Market   The naira yesterday appreciated to N742/$ at the Investors and Exporters (I&E) window. The closing rate represents a major rebound from Tuesday’s N768/$ rate. According to report from FMDQ Exchange, the naira opened at...

Terminal Operator Hikes Tariff On Imported Vehicles By 36%   Months after the Maritime Workers Union of Nigeria requested that terminal charges be reviewed upwards, Ports & Terminal Multipurpose Limited has announced a 36 per cent increase in tariff on imported...

Consumers Lament As Nigeria Exports N23bn Electricity   Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities. The latest data...

Petrol: FX Scarcity Stalls Fresh Importation   The hope of fresh petrol importation into the country may have been dashed, as findings revealed that oil marketers, who have been licensed to import fuel, are currently having difficulties accessing forex (FX). Sources close...

We Will Reconcile N2.1trn Subsidy Deduction With FAAC - NNPC The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee (FAAC) had in May asked NNPCL to refund over N2.1...

IoT Revolution: NITDA Boss Urges Collaboration to Unlock Nigeria's Potential   In a bid to implement the Digital Transformation pillar of Strategic Road Map and Action Plan (SRAP 2021-2024) of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, the...