Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

Senate Gives NNPC Three Weeks to Respond to N210tn Audit Query The Senate on Tuesday gave the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, three weeks to respond to queries raised in audit reports covering the period from 2017...

FIRS Stops Issuance of Tax Exemption Certificates The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a public notice signed by its Executive Chairman, Zacch Adedeji,...

Consumers Owe Discos N70bn in May - Report Electricity consumers across Nigeria failed to pay N70.25bn in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed a total of N261.82bn during the month...

CAC to Delist 100,000 Companies Dormant for 10 Years  The Corporate Affairs Commission has announced plans to commence the striking off of a fresh batch of companies from its register. In a notice on its Instagram page on Tuesday, the Commission said the affected companies had...

Naira Falls Against Dollar in Black Market The Naira continued to decline against the US dollar on Tuesday July 29, weakening further in the parallel market. Currency dealers in Abuja told Economic Confidential that due to high demand, the Naira was exchanged at ₦1,535 per dollar...