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Finance & Economy - Page 124

Soldiers Clash with FCT Minister Wike Over Disputed Land in Abuja

A tense confrontation unfolded in Abuja on Tuesday as soldiers blocked Federal Capital Territory (FCT) Minister Nyesom Wike from inspecting a disputed parcel of land in the Gaduwa District. The incident, captured on video and widely shared online, has drawn attention to

November 11, 2025

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation of the local currency, the naira.

January 31, 2024

Business·Oil & Gas

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

In a move to harness Nigeria's abundant gas resources for global energy markets, the Nigerian National Petroleum Company Limited (NNPCL) has engaged in discussions with a South Korean consortium led by Daewoo E & C.

January 31, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar.

January 31, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business·Oil & Gas

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

In the early hours of GMT+1, Brent crude hit $82.65 per barrel, reflecting a market grappling with uncertainties. U.S. WTI crude futures saw a 0.4% rise, reaching $77.09, bouncing back from Monday’s dip fueled by fears surrounding Chinese demand and the China

January 30, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

January 30, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate. The nation’s official exchange rate hasn’t witnessed such a dire

January 30, 2024

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN) to shore up the national currency. It also plummeted to

January 27, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on Friday, 26th January 2024 at the official market.

January 27, 2024

Finance & Economy

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

Over the last two decades, Nigeria, the giant of Africa, has confronted a number of economic challenges. Our excessive reliance on imported

January 26, 2024

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

Concerns about the impact of persistent depreciation of the value of the naira on Nigerian economy have continued to worry stakeholders in different stakeholders.

January 26, 2024

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NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Nigeria’s Stock Market Suffers Sharpest Slide in 15 Years as Trump Threat, CGT Fears Trigger Massive Sell‑off

Nigeria’s equity market plunged in mid November as a toxic

NGX Sheds ₦1.8 Trillion as Capital Gains Tax Anxiety, Geopolitical Tensions Spike

Nigerian equities have recorded one of their sharpest declines this

Gold, Aluminium Discoveries In Benue Spark Hope for Economic Boom

Benue State has confirmed the presence of commercially significant gold

PMS Market Deregulation Will Boost Supply – Edun

Nigeria’s Eurobond Draws $2.35bn in Unprecedented Global Demand

Nigeria has raised $2.35 billion from its latest Eurobond issuance,

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Finance & Economy - Page 124

Soldiers Clash with FCT Minister Wike Over Disputed Land in Abuja

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

Naira Gains Marginally By 1.02% At Official Market

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

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Finance & Economy - Page 124

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