Data from the official trading platform of the FMDQ Exchange, revealed that the Naira currently gained N42.15. This represents a 2.5 per cent gain when compared to the previous trading date when it exchanged at N1,681.65 to a dollar. Read Also : Dollar supply drops as Naira depreciates on Thursday Also, the total daily turnover […]
FMDQ data showed that the foreign exchange transactions turnover declined to $87.51 million on Thursday from $139.48 million recorded the previous day. This represents a $57.97 million decrease in FX transactions turnover on a single day. The development led to the depreciation of Naira to N1544.02 per dollar on Thursday for N1539.65 exchanged on Wednesday. […]
To this effect, the government said it is immediately implementing emergency protocols at Onne Port for the next three months by conducting thorough examinations of all suspected containers in the premises. The Comptroller-General of Customs, Bashir Adeniyi, stated this during a press conference to unveil the seizures of illicit goods by Nigeria Customs Service, Area […]
The Federal government has rubbished reports on social media suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. A report, intending to mislead the public and cause panic, which is devoid of truth, circulating in the media had maliciously claimed that the minister of Petroleum, […]
A statement by the Federal Competition and Consumer Protection Commission ,FCCPC, said the Executive Vice-Chairman of the FCCPC, Tunji Bello, gave the order at a one-day stakeholders’ engagement on exploitative pricing in Abuja. According to Bello, the commission will begin enforcement after the expiration of the notice. He said the meeting was to address the […]
In its Q2 2024 GDP Report, the Bureau said Nigeria’s GDP rose year-on-year in real terms in the second quarter of 2024. The NBS stated that the growth rate is higher than the 2.51% recorded in the second quarter of 2023 and higher than the first quarter of 2024 growth of 2.98%. The NBS said […]
During the ceremony, which took place at the community’s village square on Sunday, there were deliberate and aggressive efforts by the monarch, chiefs, young men and women, including the elderly to eradicate hunger and ensure food availability and sustainability through agricultural revival and consciousness among the teeming youths of the community. It was gathered that […]
This was after President Bola Tinubu approved the implementation of zero per cent import duty and exemption of Value-Added Tax on basic food items. The Ministry of Finance confirmed the approval in a letter to the Nigeria Customs Service dated August 8, 2024. The Nigeria Customs Service also confirmed the development in a document to […]
The group made the call in a letter to the president, which was jointly signed by Bala Abu, Convener/National President, Jeremmiah Okino, Co-Convener, Gabriel Gbana, Secretary, Thomas Terna, Princess Ajibola, and 95 others. The party stakeholders urged the president to remove Mele Kyari, Gbenga Komolafe, and Farouk Ahmed as heads of the Nigerian National Petroleum […]
The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry disclosed this in an exclusive interview with newsmen. He said his recent visit to the 250 barrels per day refinery showed readiness to produce petroleum products in commercial quantity. Gillis-Harry explained that the full-scale kickoff of Port Harcourt Refinery and […]