N10bn Fund Needed for Capital Market Awareness, Says Senate The Senate has proposed an N10bn fund for investor education in the capital market as part of the 2025 budget. The Chairman of the Senate Committee on Capital Market, Osita Izunaso, disclosed this during the budget defence...

Customs Clarifies Decision to Suspend 4% FOB Charge The Nigeria Customs Service says it suspended the implementation of four per cent Free-on-Board value on imports to review revenue framework and optimise its operations. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed...

Dangote Refinery Slashes Diesel Price to N1,020/litre Dangote Petroleum Refinery and Petrochemicals says it has reduced the cost of its diesel to N1,020 per litre, down from N1,075 per litre at the gantry price. In a statement on Tuesday, the company said the reduction was to...

Non-Oil Exports Reach $5.45bn in 2024 – NEPC The Nigerian Export Promotion Council (NEPC) has announced that Nigeria’s trade volume in 2024 reached 7.2 metric tons, with a 20.7% increase in value, totaling $5.45 billion. Dr. Nonye Ayeni, Executive Director of NEPC, disclosed this on Monday...

Naira Depreciates by 0.3% at Parallel Market The naira on Tuesday witnessed a flat rate as the dollar was quoted at N1,570 in the parallel market also known as black market, following improved liquidity in the foreign exchange (FX) market. The current rate shows a slight...

Naira to Close H1 at N1,700 per Dollar, Firm Predicts One of the leading investment banking firms, Comercio Partners Limited, has projected that the naira will close the first half of 2025 at N1,700 per dollar, the worst case scenario. Naira over the weekend, gained N45...