The Nigeria Sovereign Investment Authority (NSIA) has announced its financial results for 2024, showing significant growth despite global economic challenges. The agency’s net assets nearly doubled, rising by 96% to…
The Central Bank of Nigeria (CBN) has reiterated its commitment to stabilizing the foreign exchange market by identifying and eliminating individuals and businesses engaged in activities that weaken the naira.…
The naira weakened at the official market last week, losing 1.25% to close at ₦1,536.89/$ on Friday, according to the Central Bank of Nigeria (CBN). The currency had started the…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized depot owners and filling station operators for stockpiling petrol in anticipation of a price hike. This comes after Dangote Petroleum…
The cost of importing Premium Motor Spirit (petrol) into Nigeria has dropped to ₦797.66 per litre, down from ₦817.82 per litre last week. This comes as oil marketers consider reducing…
The Federal Government is taking steps to reduce the high cost of air tickets for both domestic and international travel while also working on improving airport security. Minister of Aviation…
The Central Bank of Nigeria (CBN) has taken significant steps to stabilize the naira and control inflation. At its 299th Monetary Policy Committee (MPC) meeting on February 19 to 20,…
MTN Nigeria has reported a ₦400.44 billion loss for the 2024 financial year, citing the sharp devaluation of the naira as a major factor. The loss, revealed in the company’s…
Several airlines penalized by the Nigeria Civil Aviation Authority (NCAA) have reached out to the regulatory body, requesting a meeting to present evidence that they have addressed the issues that…
The naira appreciated to ₦1,494.03/$ at the official market yesterday. Similarly, it gained value in the parallel market, trading at ₦1,510/$, narrowing the gap between the two markets to ₦15.5.…
