Price Of Cooking Gas Crashes as Naira Gains  The prices of liquified natural gas (LPG), also known as cooking gas, are beginning to crash following the appreciation of the Nigerian currency, the Naira. In March, some Nigerians and gas dealers expressed anger over the rising price...

4,229 Containers of Agric Produce Exported in Q1 - Customs The Nigeria Customs Service, Lilypond Export Command, has revealed that 4,229 containers carrying agricultural produce worth $153m were exported first quarter of 2024. According to the Area Controller in charge of the command, Ajibola Odusanya, 629...

Port Congestion: NPA Unveils New Export Trucks Window The Nigerian Ports Authority has opened a 72-hour window for all export trucks to access various terminals to reduce congestion and encourage timely movement of export cargo into Lagos Ports. The NPA also vowed to automatically deactivate access...

NPA Secures $700m Loan to Rehabilitate Apapa, Tincan Ports The Nigerian Ports Authority has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, Announcing this...

FG to Sign $3.8bn Gas Supply Deal in May The Federal Government has announced that gas supply and purchase agreements supporting the $3.8bn Brass methanol project will be executed in May 2024. The Brass methanol project is a major industrial project being built in Bayelsa State...

CBN Not Defending Naira With Foreign Reserves - Cardoso   The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said yesterday that the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent...