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. 

According to the proposed 2025 budget, the Federal Government has budgeted N6.21bn for salaries of workers of the moribund Ajaokuta Steel Company for next year.

Fuel Price Drops in Lagos, Abuja as Marketers Adjust Rates   Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of the product announced by the Dangote Refinery from N970 to N899.50 per litre...

FG Rolls Out 708 Vehicles, Slashes Fares by 50%   The proposed 50 per cent interstate transport fare price slash by the Federal Government will commence today (Tuesday). Travellers from Lagos, Abuja, Owerri and Port Harcourt, Kaduna, among others, are to benefit from the scheme, according to...

Port Harcourt Refinery Back in Operation, Commences Petrol Loading   After one week of inactivity, the Port Harcourt Refining Company has resumed the trucking out of Premium Motor Spirit otherwise called petrol. Recall that the refinery abruptly stopped the loading of petrol a fortnight ago as no reason was...