Petrol Price Rises By 20% Globally
Price of petrol may to rise further as international market data revealed that the commodity has gained 20 per cent.
At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83...
Subsidy Removal: Nigeria Risks Losing Billions As State Govts Reduce Working Days
Nigeria stands the risk of losing billions of Naira in revenue over some state government’s plan to reduce working days by civil servants.
This is coming after two states – Edo and Kwara reduced...
Currency in Circulation Now N2.26trn - CBN
Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria (CBN).
According to figures obtained from the CBN, the currency outside banks rose by 185.68 per...
Stock Investors Record N8bn Gain In One Week
The bullish trading experienced in recent times on the Nigerian Exchange Limited (NGX) slowed this past week, recording a gain of N8bn for investors.
With market capitalisation ending at N35.994tn previous Friday, trading activities kicked off on a...
Reps Probe, Direct NNPC Limited to Suspend OVH Acquisition
The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy Marketing, the company behind the Oando Retail brand in West African countries.
This call was a sequel...
CBN Limits Transactions On PAPSS By Dealer Banks To $200,000
The Central Bank of Nigeria (CBN) has limited the number of dollars to be transacted on the Pan-African Payment and Settlement System (PAPSS) to $200,000 per quarter by authorised dealer bank (ADB) and $20,000 per...
