The Central Bank of Nigeria (CBN) raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in the previous auction. The offer covers the 91-day, 182-day, and 364-day tenors.

‎Naira Stable at ₦1,625/$ in Black Market Amid Lingering Forex Pressures ‎The naira held steady on Monday in the parallel foreign exchange market, maintaining the same rate recorded at the close of trading on Friday. ‎A source at the Abuja black market told Economic Confidential that...

‎Naira Weakens Slightly to ₦1,630/$ in Parallel Market ‎The naira depreciated marginally against the U.S. dollar in the parallel market, sliding to ₦1,630/$ on Saturday, May 11, from ₦1,625/$ the previous day—reflecting a ₦1.02 drop. ‎According to data obtained by Economic confidential from Aboki Forex, the...

‎Naira Holds Firm at ₦1,625/$ in Black Market ‎The naira held firm on Saturday in the parallel foreign exchange market, maintaining a stable rate similar to Friday’s close. ‎A source at the Abuja black market told Economic Confidential that as of May 10, the naira was...

Boost Oil Output by 2026, FG Tells NNPC   The Federal Government has directed the management of Nigerian National Petroleum Company Ltd. (NNPC) to increase oil production beyond current levels by the end of the year. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who...

NNPCL Plays Crucial Role in Our Business - Dangote   The President of the Dangote Group, Alhaji Aliko Dangote, has said that the Dangote Petroleum Refinery is not competing with the Nigerian National Petroleum Company Limited, stressing that NNPCL “is part and parcel of our...