Why We Reduced Petrol Price to N899 - Dangote
Aliko Dangote, President of Dangote Industries Limited, has disclosed that market dynamics are primarily responsible for the recent drop in the price of Premium Motor Spirit, commonly known petrol, to N899.50 per litre at its loading...
Access Bank Plc, Nigeria's largest lender by assets, has raised 351 billion naira ($228 million) through a rights offer to strengthen its capital beyond a new regulatory requirement as part of its expansion strategy.
In 2024, the Federal Government of Nigeria invested N8.73bn in airport power infrastructure, mainly to guarantee a reliable electricity supply at the new international terminal of the Nnamdi Azikiwe International Airport in Abuja.
The World Bank has increased the federal government's target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting their confidence in the country’s progress despite earlier setbacks.
According to Aminu Gwadebe, the President of the Association of Bureau De Change of Nigeria (ABCON), has said that the 1500/$ peg in the 2025 Appropriation Bill was within reach on the back of recent foreign exchange reforms being pushed by the Central Bank of Nigeria.
In November 2024, the naira depreciated to an average of $/N1,667.41 which marked a 2.14 per cent decline from the $/N1,631.71 recorded in October 2024.
