Renewed Naira Depreciation Begins As Market Turnover Drops By 25% There are indications that another round of Naira depreciation has set in following renewed demand pressure amidst widening supply gap. The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar...

'Pharma Companies Cut Profit To Reduce Drug Prices' Drug manufacturer, May & Baker Nigeria Plc has said pharmaceutical companies in Nigeria cut their profits to help reduce high drug prices. May & Baker CEO, Patrick Ajah, said the company increased prices only about three times since...

FG Generates $21.5bn From NLNG’s $44bn Dividend Payment In 25 Years The federal government has received about $21.56 billion of the $44 billion dividends disbursed by the Nigeria Liquefied Natural Gas Limited (NLNG) in the last 25 years, the company’s ‘Facts & Figures’ for 2024...

NNPCL May Halt Petrol Import As Depots Price Nears N1,000/Litre The pump prices of Premium Motor Spirit, popularly known as petrol, may rise above N1,000/litre in filling stations as the cost of the commodity in some private depots has been increased to between N920 and...

NITDA Announces Date for Digital Nigeria International Conference & Exhibition 2024 The National Information Technology Development Agency (NITDA) has announced the upcoming Digital Nigeria International Conference & Exhibition (DNICE) 2024, set to take place from October 22 to 24, 2024. Held in partnership with Brevity...

Nigeria's FX Reserves Fall to $36.32bn According to data released by the Central Bank of Nigeria (CBN), the nation's foreign exchange reserves fell to $36.32bn as of August 29, 2024, according to data released by the Central Bank of Nigeria. This marks a decline from the...