Oil marketers cut petrol price to N1,350/litre as depot rates drop
The downward movement in the domestic market also coincided with a sharp decline in international crude oil prices.
Manufacturers incur N1.5trn forex losses in 6 months
The Manufacturing companies recorded N1.5 trillion in foreign exchange-related losses in the first six months of the year, following the impact of the unsettled forward contracts worth $2.4 billion by the Central Bank of Nigeria, CBN.
DSS denies involvement in invasion of NLC headquarters, as presidency keeps mum
This is as the presidency has maintained sealed lips over the invasion and the alleged confiscation of vital documents from the Labour House.
Olympics: Nigerian cyclist borrows bicycle from German team for track event
In a display of sportsmanship at 2024 Paris Olympics, the German cycling team has extended a helping hand to Nigerian cyclist Ese Ukpeseraye.
NNPCL to Senate: We‘re not criminals, oil and gas industry bleeding
‘Everybody believes, by sheer misinformation which my Minister has highlighted, that NNPCL is responsible for creating any economic sabotage in our country’
Naira depreciates to N1,595/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1, 595per dollar in the parallel market from N1,585 per dollar on Tuesday. Similarly, the Naira yesterday depreciated to N1,596.52 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,596.52 per dollar from […]
