Financial and economic analysts have urged the Federal Government to ramp up crude oil production to improve liquidity in the country’s foreign exchange market and help stabilise the naira. In ...
The Nigerian Aviation Handling Company PLC on Friday launched its Export Packaging and Processing Centre in Lagos. Speaking at the event, the Chairman of NAHCO’s Board of Directors, Dr Seinde ...
The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank of Nigeria to save the national currency. With ...
The Nigerian Naira faced a further decline against the US Dollar on January 25, 2024, in both the official and parallel markets. In the official market, the Naira depreciated by ...
1. New policy to address maritime challenges on the way The Federal Government will soon release a new maritime policy aimed at tackling challenges faced by operators in the Marine ...
After several days of volatility, the naira rebounded at the official I&E Window on Tuesday, closing at N878.61/$1 against the N925.34/$1 it closed on Monday. The latest indicates a major ...
Drug prices are set to remain high in 2024 as import prices of pharmaceutical products may hit over N900bn due to the depreciation of the naira. This is set to ...
Dangote Cement achieved a remarkable milestone as its market capitalization soared to N11.107 trillion, constituting approximately 20.6% of the Nigerian Stock Exchange (NGX) equity market. The company's stock, trading at ...
A new report has projected that the Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn. This came a ...
In addressing Nigeria's forex crisis, a recent report from the Nigerian British Chamber of Commerce (NBCC) suggests that boosting crude oil production to meet OPEC's quota is pivotal for enhancing ...
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