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Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to work towards real price discovery in the foreign exchange market...
Read moreDetailsThe Senegalese parliament is set to discuss a bill proposing a new date for the presidential election after President Macky Sall announced the postponement of the originally scheduled February 25,...
Read moreDetails1. FG, states debts near N107tn, naira fall raises loans Nigeria’s total debt (Federal Government and states’ loans) may hit at least N107.38tn soon following the approval of fresh borrowings...
Read moreDetailsThe NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have jointly restated their commitment to sustainability reporting initiatives among listed companies. The commitment was made during the...
Read moreDetailsThe Minister of Works, David Umahi, has disclosed that N146bn is required for the repairs of Marina shorelines. He stated this recently during a joint inspection of the lagoon sections...
Read moreDetailsDollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the naira closed the week at N1435.53/$ on Friday after what...
Read moreDetailsPower generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of...
Read moreDetailsNo fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country, latest data from the Nigerian National Petroleum...
Read moreDetailsThe Norwegian Ambassador to Nigeria, Svein Baera, has said there is a need for Nigeria and Norway to strengthen their partnership in order to boost energy production. Baera said this...
Read moreDetailsThe management of Fidelity Bank has estimated that it may lose about N1.19bn to claims and litigation for the year ended December 2023. This was shown in its condensed unaudited...
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