Subsidy: Tinubu Reviews Palliative Programme
Subsidy: Tinubu Reviews Palliative Programme President Bola Tinubu has directed the immediate review of the palliative to cushion the effect of removal of fuel subsidy. In a statement issued by…
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand
Naira Gains 6.58% to N742.93 as FX Supply Meets Demand The Nigerian naira reclaimed significant value against the dominant foreign currency Tuesday at the organised market or official window as…
NGX Spikes by N448bn as Market Sentiment Improves
NGX Spikes by N448bn as Market Sentiment Improves The equities segment of the Nigerian Exchange (NGX) consolidated its bullish position following a spike in the market price of Dangote Cement…
Oil Rebounds on China’s Fiscal Stimulus
Oil Rebounds on China’s Fiscal Stimulus Oil prices posted limited increases on Tuesday over hopes that the Chinese government will unveil fiscal stimulus measures to jumpstart the sluggish economy, as…
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors
Houston to Invest in Nigeria’s Energy, Oil & Gas Sectors Houston, Texas, USA has expressed readiness to invest in Nigeria’s energy, agriculture, technology and oil and gas sectors. Mr Sylvester…
Reps to Include Gele-Gele Seaport Revitalisation in Budget
Reps to Include Gele-Gele Seaport Revitalisation in Budget The House of Representatives says it will include the revitalisation of Gele-Gele Seaport in Edo in the 2024 budget estimates. This followed…
CBN, Central Bank of Egypt Set Up Fintech Bridge
CBN, Central Bank of Egypt Set Up Fintech Bridge The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to…
NPA Remits N55.7bn from N191.3bn Generated in 6 Months
NPA Remits N55.7bn from N191.3bn Generated in 6 Months The Nigerian Ports Authority (NPA) has generated N191.4 billion in revenue in the first half of 2023 and remitted N55.7 billion…
Petrol Hits N617 Per Litre in Abuja
Petrol Hits N617 Per Litre in Abuja The price of petrol, known as Premium Motor Spirit (PMS) has increased from 537 to 617 naira per litre in the Federal Capital…
NGX Rises by N203bn after Losing Streaks
NGX Rises by N203bn after Losing Streaks The Nigerian Exchange (NGX) rose by more than N203 billion after losing streaks in the previous week. The local bourse opened with the…