Naira extends decline, FX turnover up 25%: FMDQ
The naira weakened further this week at the Investors and Exporters window, even as the foreign exchange turnover rose by
Read more
FEATURED
Refineries won’t solve Nigeria’s petrol subsidy issue – ex-AMCON boss
A former Managing Director of the Asset Management Corporation of Nigeria, Mr Mustafa Chike-Obi, has said the production of petrol
Read more
Nigeria tops list of most crypto-obsessed countries
Nigeria is the most cryptocurrency-obsessed country in the world, new study reveals. The research, carried out by crypto price tracker
Read more
Exxon-Seplat’s $1.3bn deal gets Buhari’s greenlight
Seplat Energy Plc, a Nigerian energy company, has announced that it has received a letter from the Minister of State
Read more
Nigeria stuck in economic morass, says NESG
Nigeria requires tough choices to turn the page on the current economic morass in which it is stuck, the Nigerian
Read more
Naira closes weaker despite increased FX market turnover: FMDQ
The naira closed weaker against the dollar this week at the Investors and Exporters window despite the increase in the
Read more
Asset manager PIC set to invest $100m in AFC
The Public Investment Corporation, Africa’s largest asset manager has given formal notification to make a $100 million inaugural equity investment
Read more
Flour Mills’ quarterly profit rises to N7.33bn
Flour Mills of Nigeria has reported a profit before tax of N7.33 billion for the first quarter of the 2022
Read more
Seplat starts injecting crude into new 160,000bpd pipeline
Seplat Energy Plc, a Nigerian energy company, has announced that it has begun commercial injection of crude oil through the
Read more
Dangote Cement’s Q2 profit falls 35% on diesel cost
Dangote Cement Plc has reported a profit after tax of N66.25 billion for the second quarter of the 2022 financial
Read more