Naira Closes 1,402/$ at Official Market
The naira traded at a loss at the official market, depreciating to N1,402 against the United States dollar on Thursday.
According to data from the FMDQ exchange securities, the naira dropped by N12 or 0.86 per cent from the N1,390...
Power Generation Rises to 4,800MW, Minister Discloses
The Federal Government says Nigeria’s electricity generation has risen to 4,800 megawatts up from around 3500 in March.
This is as the government accused some “cartels and cabals” as those who did not want the power sector to function...
9,000 Oil Marketers May Lose Licences, IPMAN Seeks FG’s intervention
As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences.
As a result, the Independent Petroleum Marketers Association of Nigeria (IPMAN) is urging the Nigerian National Petroleum Company...
Again, Dollar Strengthens Against Naira, Now N1,350/$
The naira further depreciated to N1,350 per dollar at the parallel section of the foreign exchange (FX) market on Monday.
The current FX rate represents a 2.27 percent decline from N1,320/$ traded on April 26.
Currency traders, known as bureau...
Forex Crisis: NERC to Deregulate Meters Prices
The Nigerian Electricity Regulatory Commission on Monday released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme.
It said the prices of meters were deregulated after Meter Asset Providers and other...
Naira Appreciates to 1,275/$ at Parallel Market
The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend.
The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded...
