Markets - Page 2

Dangote Refinery Slashes Diesel Price To N1000/Litre, Marketers Hail Move

The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, commonly known as diesel. The reduction, from N1,200/litre to N1,000/litre, marks a pivotal moment for the downstream

Emmanuel Ochayi

1 week ago

Business·Latest News·Markets

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

Gabriel Ogbechie, CEO of Rainoil Limited, revealed that the federal government has reinstated fuel subsidy, and pays about N600 billion monthly due to the devaluation of the Naira in the foreign exchange

Emmanuel Ochayi

1 week ago

Business·Latest News·Markets

NGX Sees 7th Day Of Losses, N304bn Equity Drop, FBN’s SWOOT Exit

The Nigerian Stock Exchange (NGX) witnessed another day of downturn, marking the seventh consecutive day of losses for investors. The NGX All-Share Index, a key indicator of market performance, took a hit,

Emmanuel Ochayi

1 week ago

Naira Slumps To N1,234/$1 At Official Market

Business·Latest News·Markets

Naira Nears N1,000/$1 At Parallel Market As Traders Anticipate Further Gains

The Nigerian naira is on an upswing against the United States dollar, reaching N1,136/$ at the official market and N1,050/$ at the parallel market by the close of trading on Monday. Traders

Emmanuel Ochayi

1 week ago

Business·Latest News·Markets·World News

Gold Prices Rise As Iran’s Attack On Israel Sparks ‘Safe Haven’ Demand

In a dramatic turn of events, gold prices surged in Asian trading, nearing record highs, driven by heightened demand for safe havens following Iran’s strike on Israel. Spot gold witnessed a 0.6%

Emmanuel Ochayi

1 week ago

Business·Latest News·Markets·Oil & Gas

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production

Emmanuel Ochayi

1 week ago

Business·Latest News·Markets·World News

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists- Analysts

Analysts predict a rise in crude oil prices beyond the $90 benchmark following Iran’s assault on Israel over the weekend. Iran’s retaliatory strike against Israel, prompted by a suspected attack on its

Emmanuel Ochayi

1 week ago

Stop Buying Electricity Infrastructure, Transformers, Poles - Power Minister Tells Nigerians

Business·Latest News·Markets

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the recent electricity tariff hike, emphasizing the potential for reduction if the exchange rate improves. Adelabu asserted during his appearance on Channel Television’s

Emmanuel Ochayi

2 weeks ago

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs Not Yet Time For Celebration - Expert

Business·Latest News·Markets

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to tighten access to foreign exchange (forex) for non-oil exporters. ABCON President, Dr.

Emmanuel Ochayi

2 weeks ago

Africa·Business·Latest News·Markets

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria’s forex policies on cross-border trade within Africa. Salami highlighted the challenges faced by small and medium

Emmanuel Ochayi

2 weeks ago

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Markets - Page 2

Dangote Refinery Slashes Diesel Price To N1000/Litre, Marketers Hail Move

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

NGX Sees 7th Day Of Losses, N304bn Equity Drop, FBN’s SWOOT Exit

Naira Nears N1,000/$1 At Parallel Market As Traders Anticipate Further Gains

Gold Prices Rise As Iran’s Attack On Israel Sparks ‘Safe Haven’ Demand

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists- Analysts

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

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