Naira To Drop Below N570/$ As Travelers, Businesses Resume Dollar Scramble
The naira which yesterday closed at N570/$ at the parallel market is expected to weaken further by next week as businesses resume and travelers scramble for more dollars.
Findings showed...
Stocks Rebound As Capitalisation Rises By N3bn
Following renewed bargain hunting in the shares of some blue-chip companies, the Nigerian equities’ market reversed losses to close in an upbeat yesterday, causing market capitalisation to appreciate by N3 billion.
In summary, the...
EU Countries Seize 82% Of Nigeria’s Agro Products Exported Illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are exported illegally, the Federal Government has said.
It explained...
Panel Summons Clerk As AG says NASS’s N9.4bn Unaccounted For
The Office of the Auditor General for the Federation has issued audit queries against the National Assembly and the National Assembly Service Commission over expenditures amounting to N9.424bn in 2019...
NIPC Generated N11.91bn IGR In Five Years
The Nigerian Investment Promotion Commission (NIPC) generated a total of N11.91 billion as Internally Generated Revenue (IGR) between January 2016 and June 2021, it disclosed in a recent report.
The report also showed that...
Amid Currency Crisis, Reserves Gain $5bn In 2021
Amid currency crisis and fluctuation in oil prices, the country’s gross foreign reserves dipped by nearly $600 million in December alone. This raises fresh concern about the short to medium-term stability of...