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‎Naira Weakens Slightly to ₦1,630/$ in Parallel Market

‎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

‎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

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

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...

Customs and OAGF: A Strategic Alliance for Nigeria’s Fiscal Stability, By Abdulsalam Mahmud

Customs and OAGF: A Strategic Alliance for Nigeria's Fiscal Stability By Abdulsalam Mahmud In the pursuit of national prosperity, the conversation around public revenue is more than a fiscal matter. It is a mirror into the soul of governance. For every kilometre of road not paved,...

UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project

UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project   The United Arab Emirates (UAE) has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday...