Investors Gain N165bn in Equity Market The equity market on Tuesday returned to the green zone following two days of bearish activities. Investors saw N165bn added to their wealth, having lost about N2.5tn during the two previous trading sessions. The Nigerian Exchange rose by 0.30 per cent,...

After Subsidy Removal Fuel Import Decline by 1billion Litres – NBS The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has shown. The NBS report indicated...

Naira Gains at Autonomous FX Market, Banks Sell $172m The naira gained marginally against the United States dollar at the Nigerian Autonomous Foreign Exchange Market on Tuesday, closing at N1,542.58/$ from N1,551/$ recorded on Tuesday. The rate represents a 2.9 per cent appreciation from the N1,598.54...

Diesel Sold at N1,153 Per Litre in January 2024 – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1,153.01 in January 2024. NBS stated this in its Diesel Price Watch...

FG Seeks $10bn to Improve Liquidity in FX Market The Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu, who...

Cargo Clearance Exchange Rate Raises to N1,605/$ The Federal Government through the Central Bank of Nigeria (CBN) has again raised the exchange rate for cargo clearance to N1,605/$. This is coming days after the rate rose to N1515/ $ and later dropped to N1,472. Between January and...