Month: July 2024

Naira Sinks Deep as FX Liquidity Challenge Persists Untamed demand for foreign currencies shadowed purchasing power of the Nigerian naira, gasping for strength after 40% year-to-date depreciation in the forex…

Nigerian Exchange Sheds N21bn as Investors Take Profit The Nigerian Exchange (NGX) shed about N21 billion on Monday due to profit taking activities on stocks. Hence, key market performance indicators…

Oil Rallies amidst Supply Concerns Oil markets started the week on an optimistic upswing due to the decreasing value of the US dollar against other currencies, which fell by 0.33%…

Sen. Yaroe Distributes N6m Farming Inputs to Farmers in Constituency Sen. Binos Yaroe, representing Adamawa South Senatorial District, has distributed N6 million worth of farming inputs to no fewer than…

DMO Offers 2 Savings Bonds for Subscription for July The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1, 000 per…

FG Terminates Contract With Mothercat, Dantata, RCC for Non-performance The Federal Government has terminated its contracts with Mothercat, RCC and Dantata & Sawoe for non-performance on the dualisation of the…

Aiteo Terminates Contracts with Surveillance Security Providers Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPCL joint venture on OML 29, has terminated its contracts with Amotoi Global…

Cardoso Tasks Sub-Regional Financial Institutions on Money Laundering, Cybersecurity Regulations The Governor of the Central Bank of Nigeria (CBN), has urged Non-Bank Financial Institutions (NBFI) in the West African Monetary…

NERC Transfers Electricity Market Regulatory Oversight to Imo Govt. The Nigerian Electricity Regulatory Commission (NERC), says it has transferred regulatory oversight of the electricity market in Imo State to the…