News
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Forex: CBN moves to stop naira free fall
The Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the…
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Fear Grips Nigerian Poultry Farmers Over High Feed Costs
Despite its status as the leading maize producer in Africa, with an annual yield of over 12m metric tonnes per…
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Crude Oil Production Caves Despite FGN’s Oil Theft Interventions
Reversing the gains recorded in June, Nigeria’s total oil production dropped by 12.56% month-on-month (M-o-M) from 1.48 million barrels per…
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N1000/$ Mark: Nigeria’s Currency Struggles and Squirms Ahead
The Nigerian Naira is grappling with a fast burn fall against the US Dollar, particularly in the parallel market, where it trades at a premium…
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Nigerian Breweries reports N67.8bn loss before tax in H1
Nigerian Breweries Plc reported group Loss Before Tax (LBT) of N67.844billion for the half-year (H1) period ended June 30, 2023…
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Nigeria’s oil production declines 13.6% to 1.08mbpd
Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels…
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CBN threatens to sanction banks engaging in illegal sales of Forex
The Central Bank of Nigeria (CBN) has threatened to punish banks engaging in illegal sales of forex. The acting Governor of CBN, Folashodun Shonubi, who disclosed…
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CBN loans from foreign banks may cost Nigeria 40% of foreign reserves
Africa’s biggest economy is battling its worst economic turmoil in decades as the Central Bank of Nigeria’s (CBN) debt to…
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NNPCL awaits presidential directive on N48bn pipeline contract
The Federal Government has not issued any directive for the cancellation or re-award of the N48bn oil pipeline surveillance contract…
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Diversion of diaspora remittances is reason for naira crash – CBN Acting Governor
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability to…
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