Petrol landing cost drops to N971/litre
The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction...
Naira appreciates to N1,720/$ in parallel market
The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly ,...
Report: Nigeria to Experience Significant Food Price Increases in 2025
The African Exchange (AFEX) has projected that Nigeria will experience a historical rise in food prices in 2025 due to...
Food inflation: Imported rice price jumps by 114%
The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays...
Naira depreciation pushes Nigeria’s debt to N47trn in one year
Total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) have risen by 40.2 per cent to a five-month high of $3.04...
Again, NNPCL hikes petrol price, fixes N1,060/litre
Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the...
FX turnover tumbles by 71% as naira weakens further
The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily...
Three Students Emerge Winners of Agusto & Co’s Maiden Educational Grant
Three students of Methodist Boys High School, Omamogho Ajufuntsi, Fahm Aremu, and Ogunsola Oladimeji have emerged winner of the maiden...
Price of bag of local rice rises 152% to N95,738
The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024...
FG bans cooking gas exports to stabilise soaring prices
The Federal Government has announced a halt to the export of locally produced Liquefied Petroleum Gas (LPG) – otherwise known...
Naira appreciates to N1,715 in parallel market
However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However,...
Cooking gas price rises by 114% in 16 months
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu...
Nigeria’s high interest rate will stay for long — W’Bank
The World Bank has said that Nigeria, Angola, and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain...
Naira weakens to 1,705/$ at parallel market
The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau...
High petrol price pushes inflation to 32.70% – Report
Nigeria’s headline inflation rate for September 2024 rose to 32.70 percent after slowing consecutively in July and August. This was...
CBN assures public on financial system stability, safety of funds
*Social media attacks undermine banks’ reputation-Body of CEOs, CIBN The Central Bank of Nigeria, CBN yesterday assured the public of...
FG, NNPCL, Dangote plan changes in petrol lifting — Investigation
Plans have reached an advanced stage by the Federal Government, Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery for...
Balanced Diet Out of Reach for Average Nigerians as Food Inflation Bites
It has emerged that more average Nigerians are finding it difficult to have balanced diet as the cost of a...
Investors Lose N187bn as Stock Market Commence October on Negative Note
Investors in the stock market section of the Nigerian Exchange Limited (NGX) lost N187billion of their investment in the first...
CBN Tightening Heightens Illiquidity as Banks Borrowed N7.82tn in September
Following the Central Bank of Nigeria (CBN) tightening measures in a bid to tame galloping inflation leading to illiquidity, banks...
Petrol landing cost drops to N981/litre
The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the...
Equity market starts week with N79bn gain
The Nigerian equity market opened the new week with a N79bn gain, driven by appreciation recorded by 32 stocks. At...
Oil Marketers, Airlines Confirm Improved Supply of Aviation Fuel as Operators Increase Aircraft Capacity
Oil marketers and airline operators have confirmed the steady supply of aviation fuel, known as Jet A1, since Dangote refinery...
Fuel subsidy removal poses risk to external reserve growth – CBN
The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing...
Naira surged by 4.8% after domestic dollar bond sale
The value of the naira recorded its highest gain by 4.8 per cent against the US dollar in nearly two...
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