Rahma Oladosu

BDCs Seek CBN’s Support To Meet FX Demand

BDCs Seek CBN’s Support To Meet FX Demand   The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the Central Bank of Nigeria’s (CBN) support in ensuring that Bureaux De Change (BDCs) continue to sell dollars to retail...

NNPC Deductions From Federation Account Rise To N883.56bn In Q1, 2022

NNPC Deductions From Federation Account Rise To N883.56bn In Q1, 2022   The financial pressure on the three tiers of the Nigerian government is escalating as deductions from the oil revenue, the major source of inflow to the Federation Account, rise...

Stock Investors Lose N172bn As 44 Firms Suffer Decline

Stock Investors Lose N172bn As 44 Firms Suffer Decline   Stock Investors lost N172bn at the end of trading on the floor of the Nigerian Exchange Limited. The market capitalisation of equities listed on the NGX depreciated by 0.67 per cent to...

FG Hopes To Ramp Up Power Infrastructure With $4bn Funding

FG Hopes To Ramp Up Power Infrastructure With $4bn Funding   The Federal Government (FG) has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power...

Naira Slides As Forex Reserves Drop Third Consecutive Time

Naira Slides As Forex Reserves Drop Third Consecutive Time   The naira depreciated to N588 per dollar at the parallel market as the nation’s foreign exchange (forex) reserves dropped for the third consecutive time. Trading reports at the weekend showed that naira...

116.46m Litres Of Petrol Lost In 2021 – NNPC Reports

116.46m Litres Of Petrol Lost In 2021 - NNPC Reports   A total of 116.46 million litres of Premium Motor Spirit, popularly called petrol, valued at N18.88bn was stolen in 2021, data from different reports obtained from the Nigerian National Petroleum...
spot_img

latest articles