‎Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility ‎The naira held steady against the US dollar at the parallel market on Wednesday, June 4, underscoring continued volatility in Nigeria’s foreign exchange landscape. ‎Currency traders in Abuja told Economic Confidential that the naira exchanged...

NGX Bullish Trend Returns as Investors Gain N259bn The Nigerian Exchange recorded a gain of N259bn at the close of trading on Tuesday, as improved investor sentiment pushed the market capitalisation higher to N70.9tn. A total of 622,635,197 shares exchanged hands in 17,044 deals at the...

Reps Demand Implementation of 5% Petroleum Users’ Charge The House of Representatives Ad hoc Committee has called for the full implementation of the 5% users’ charge on the pump price of petrol and diesel. Chairman of the committee, Hon. Francis Waive, called for the move during...

Local Firms Now Produce 50% of Nigeria's Oil - Report Nigeria’s oil and gas sector is entering a new era, with local oil companies now accounting for more than 50 per cent of the country’s crude oil production. According to a report by Reuters on Tuesday,...

FG to Deliver 6m Free Meters to Consumers in Q4 The Federal Government has announced plans to commence the full rollout of free electricity meters under the Presidential Metering Initiative by the fourth quarter of 2025, as part of efforts to close Nigeria’s long-standing metering...

NCC Directs Banks to Deduct USSD Fees Through Airtime The Nigerian Communications Commission has directed Deposit Money Banks to start deducting charges for unstructured supplementary service data transactions directly from users’ mobile airtime. According to an email from the United Bank for Africa to customers on...