Nigeria’s Jet Fuel Import Costs Plunge by 87% to N31 Billion in Q1 2024
Gloria Nigeria's expenditure on importing Jet A-1 fuel dropped dramatically by 87% in the first quarter of 2024 (Q1’24),…
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NNPCL Addresses Fuel Shortages in Lagos and FCT, Assures Normalcy Soon
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed issues with fuel supply and distribution in parts of…
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Cement Price Trends and Market Updates This Week
Nigerians are hopeful for a possible reduction in cement prices following recent remarks by Aliko Dangote, Africa’s wealthiest…
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CBN Injects $148 Million into Forex Market to Boost Liquidity
The Central Bank of Nigeria (CBN) has infused $148 million into the Nigerian Foreign Exchange Market (NFEM) to…
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Black Market Dollar to Naira Exchange Rate Today, 26th July 2024
What is the Dollar to Naira exchange rate at the black market, also known as the parallel market…
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New Banking Guidelines Released by CAC to Streamline Recapitalization and Mergers
The Corporate Affairs Commission (CAC) has introduced updated regulations to support Deposit Money Banks during the ongoing recapitalization…
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Stakeholders Urge FG to Rethink 70% Forex Windfall Tax on Banks
There is growing opposition to the proposed 70% foreign exchange windfall tax on commercial banks, with stakeholders urging…
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MAN Warns New CBN Interest Rate Hike Will Hamper Manufacturing Sector
The Manufacturing Association of Nigeria (MAN) has expressed concerns that the recent interest rate hike by the Central…
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Black Market Dollar to Naira Exchange Rate for 25th July 2024
What is the current Dollar to Naira exchange rate in the black market, also known as the parallel…
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SEC Envisions Boost for Capital Market with Enhanced Identity Management
By Gloria Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has outlined how improvements…
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