Forex Crisis: Harsh Operating Environment Collapsed 70% Businesses – Oil Dealers
Oil and gas dealers in the country have declared that the harsh operating environment in the downstream oil sector has led to the collapse of about 70 per cent of businesses in the industry,...
‘Grow Nigerian’ Agenda Will Accelerate SMEs Growth, SMEDAN Says
The Director-General of the Small and Medium Enterprises Development Agency (SMEDAN), Charles Odii, has pledged to accelerate growth and prosperity for small businesses in the country through the agency’s ‘Grow Nigerian’ agenda.
Odii gave the assurance when...
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...
