Nigeria, Others to Benefit from €150bn EU Development Fund
Nigeria is expected to be a key beneficiary of the European Union’s pledge to support infrastructural development through its Global Gateway initiative, which will disburse €150bn across Africa by 2027.
According to a statement, the Head of...
Oil Firms Must Meet Domestic Demand or Lose Export Permit – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will deny export permits for crude oil cargoes intended for domestic refining if oil companies do not fulfil their domestic crude obligations.
The...
Fuel Price Drops by N27/litre at Private Depots
The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday.
The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday.
Marketers said this reduction was influenced...
CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks
The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
On December 20 2024 CBN granted BDC...
SERAP to FG: Probe Missing N26bn in Petroleum Ministry
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly probe allegations that...
Naira Appreciates by 4.14% at Official Market
Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market.
According to data from the FMDQ Securities Exchange Limited and the...
