Naira Plunges at NAFEM, Parallel Market The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite unconventional approaches to ease the free fall of the currency. It closed at...

NNPCL Subsidiary Generates N256bn - Report   The Nigerian National Petroleum Company Retail Limited, a retail subsidiary of the NNPC Limited group, raked in total revenue of N255.6bn in its 2022 financial year, data from the report on key achievements in 2022 by NNPCL downstream directorate...

'Naira’s Depreciation To Persist'       The naira depreciated across the official and parallel markets with many pundits yesterday projecting further depreciation of the nation’s currency. The naira depreciated to as low as N545 per dollar at the weekend but there were projections of further depreciation to some...

Equities Decline As 26 Firms Record Price Depreciation   The equities market of the Nigerian Stock Exchange extended its decline on Thursday, as 26 firms recorded price depreciation. The NSE market capitalisation fell to N14.820tn from N14.880tn on Wednesday. It rose to N14.930tn on Friday, last week,...