CBN Questions JP Morgan's $3.7bn Estimate of Net Reserves, Faults Claim The Central Bank of Nigeria has faulted the recent $3.7bn estimate of the bank’s financial accounts by JP Morgan, saying it was “out of context”, and assured that there was no cause for panic. CBN...

Investors Gain N422bn in Three Days Trading - NGX The Nigerian Exchange Limited, NGX, has sustained bullish trend yesterday as investors gained N422 billion from the three days trading with market capitalisation surging to N35.844 trillion from N35.422 trillion closed last week Friday. In similar manner,...

Nigeria Economy Dependent on Imported Cars, Refined Oil, Others – UN The United Nations says Nigeria is highly dependent on the imports of goods, such as refined petrol, cars, smartphones, cereals, and pharmaceuticals. This was disclosed by the United Nations Conference on Trade and Development in...

NERC Urges Power Consumers to Update Meters before 2024 The Nigerian Electricity Regulatory Commission has advised power users across the country to start updating their prepaid meters in order to avoid losing the meters by November 2024. Its advice came as a power distribution company explained...

FG Warns MDAs to Cut Governance Cost, End Wastage The Ministry of finance has called on Ministries, Departments and Agencies to reduce wastages, block leakages and cut costs in governance. The Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Okokon Udo, during a sturdy tour...

Naira Loses, Exchanges N773.42 at I&E Window, N895 at Black Market   The naira depreciated against the dollar on Wednesday as it exchanged at N773.42 at the Investors and Exporters window. According to a report by the News Agency of Nigeria (NAN), the naira lost by 0.35...