CBN Warns Forex Dealers As Naira Plunges In Official Market   The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had closed at 1,348 against the greenback on Monday after the FMDQ...

Kerosene Averaged N1,362 per litre  in December 2023 – NBS   Consumers in December 2023 experienced a spike in the average retail price of kerosene reaching N1,362.27 per litre nationwide. This marked a 5.84 per cent increase compared to the N1,287.10 recorded in November 2023. The latest...

JUST IN: With $64.44m Addition, CBN Concludes Payment of FX Backlog to Foreign Airlines The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims of backlog of foreign exchange owed to foreign airlines, with an additional $64.44 million to the concerned...

Nigeria’s Agricultural Export Records 18.5% Increase in 2022 Nigeria’s total agricultural export in 2022 was N598.2bn, accounting for 18.5 per cent increase when compared to the figure recorded in 2021. However, there has been concern among economic and financial experts over Nigeria’s paltry agricultural exports revenue...

Dangote Refinery to Receive Crude Oil from United States The $20 billion Dangote Refinery has concluded plans to import crude oil from the United States in the coming months. Already, traders’ familiar with the matter disclosed that Trafigura Group has sold two million barrels of WTI...

Despite $500m to Address Verified FX Backlog, Naira Plunges to N1,500 Per Dollar The free fall of the Naira continued at the parallel market as the United State Dollar exchanged for N1506/$ yesterday from the N1,410 it sold the previous day despite the release of...