Reps Oppose Exchange Rate Stabilisation The House of Representatives has rejected a motion for the stabilisation of the exchange rate. A member of the House, Beni Lar, representing Langtang North/Lantang South Federal Constituency of Plateau State, had in a motion on the floor of the House...

NNPCL Uncovers Fresh 162 Illegal Pipeline Connections, Refineries in N’Delta The Nigerian National Petroleum Company Limited has said it discovered 162 illegal pipeline connections and illegal refineries in the Niger Delta, mostly in Bayelsa in the past week. In a documentary by the oil company shared...

Petrol Imports from Russia Rises by 84% to 3.8m liter in One Year - Report The European trade overview has shown that Nigeria’s petrol imports from Russia have increased by 84 per cent in one year to 3.8 million litres (24,000 barrels) in 2023 from...

Crude Oil Rises to $84/barrel Amid Fuel Hike Speculation Brent, the international benchmark for crude oil, rose to a high of $84/barrel on Wednesday, fuelling speculations that Nigeria might witness another hike in the pump price of Premium Motor Spirit, popularly called petrol, in the...

Naira Gains, Closes At N791/$ In Official Market   The naira yesterday recorded marginal gain of N1 to close at N791/$ in the official Investors and Exporters (I&E) window. The local currency closed at N792/$ at the official window on Monday however continued depreciation at the parallel...

New Naira: Gradual Phasing Out Of Old Notes Continues, Says CBN   The Central Bank of Nigeria (CBN) has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. This announcement was made by the acting governor of...