The Nigerian naira witnessed a continued decline against the U.S. dollar on Monday, January 22nd, 2024, both in the official and unofficial markets. In official trading on NAFEM, the naira ...
The Nigerian National Petroleum Company Limited, on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import ...
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s ...
The Nigerian National Petroleum Company Limited (NNPCL) has announced its plan to deploy the $3.3 billion loan secured from the African Export-Import Bank for various purposes. The funds will meet ...
The cost of powering Nigeria’s communications network rose by 34.57 per cent to N429.43bn in 2023 as diesel prices soared. In 2023, telecommunication companies spent about N429.43bn on fueling base ...
Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines ...
On Friday, January 19th, 2024, forex turnover experienced a 17.36% decline to $145.89 million as the Nigerian naira witnessed a marginal depreciation against the dollar in both the official and ...
The Nigerian Export Promotion Council (NEPC) has recently unveiled concerning statistics indicating a decline in the nation's non-oil exports. Despite the federal government's dedicated efforts to diversify the economy away ...
The Group Managing Director of Cowry Asset Management Limited, Johnson Chukwu, has projected that in a worst-case scenario, the Nigerian currency may depreciate to N1,500 against the dollar during the ...
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council has said. The drop represents a $300m or 6.3 per ...
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