NGX: Market Cap Sheds N857bn Over Sell-offs
The market capitalisation of the Nigerian Exchange Limited (NGX) recorded its second dip this year as it shed N857bn to close at N56,425tn on the back of sell-offs.
The All-Share Index went down by 1.49 per cent on Tuesday...
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...
