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
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TOP STORIES
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
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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
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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
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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
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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
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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
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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
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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
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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
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