Naira Depreciation: Manufacturers Plan General Price Hike
Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar.
On Friday, the naira plunged to N1,420/$ at the parallel...
'NNPCL Remitted Zero Allocation To Federation Account In 2022'
The Nigerian National Petroleum Company Limited (NNPCL) remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar...
About 50% of Poultry Farmers in Nigeria Have Closed Their Shops – Poultry Association
The Poultry Association of Nigeria (PAN) expressed distress over the closure of more than 50% of its farms in 2023, attributing the shutdowns to sectoral challenges.
Mr. Mojeed Iyiola, Chairman of the...
Naira Drops to ₦1,399 Per Dollar at Official FX Market
The Nigerian foreign exchange (FX) market witnessed a historic drop in the value of the naira, reaching an unprecedented intraday rate of N1,399 per dollar at the official market on Thursday.
Data sourced from the Financial...
Nigeria, Morocco In Talks to Expedite ₦425bn Gas Pipeline Project
The Nigerian government has intensified discussions with the Kingdom of Morocco to fast-track the Final Investment Decision, FID, on the Nigeria-Morocco Gas Pipeline.
A statement signed by the Corporate Communications Officer, Nigerian National Petroleum Company Limited,...
Transportation Crimes: Minister Meets Police Service Commission
The Minister of Transport, Senator Sa'idu Ahmed Alkali, has held a meeting with the Chairman of the Police Service Commission (PSC), Solomon Arase, in a bid to bolster inter-agency cooperation and coordination of security and safety around transpiration...
