Experts attribute the oversubscription of Nigeria's first dollar-denominated domestic bond to its attractive yield. The bond, which had an initial target of $500 million, attracted $900 million in subscriptions, surpassing ...
The National Security Adviser (NSA), Mal. Nuhu Ribadu, has raised concerns about the growing issue of petroleum product smuggling from Nigeria, stating that the country's foreign exchange market will remain ...
The Abuja Chamber of Commerce and Industry (ACCI) has announced a partnership with the African Export-Import Bank (Afrexim Bank) to promote agricultural innovation in Nigeria. In a statement released on ...
The Nigerian naira is hovering around the N1,650/$ mark in the black market. Concerns over the U.S. economy’s growth outlook led to a mild loss for the haven currency in ...
At the 9th Annual Zenith Bank International Trade Seminar, stakeholders emphasized the need for increased value addition in Nigeria’s non-oil export sector to unlock substantial economic benefits. The seminar, themed ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote Refinery in Lagos, valued at $20 billion, is set to deliver 25 million litres of fuel ...
Nigeria's foreign trade payments through Letters of Credit (LCs) significantly declined in the first seven months of 2024, dropping by 57.04% to $391.91 million compared to $912.35 million during the ...
Aradel Holdings Plc, through its subsidiary Aradel Energy Limited, has signed a sale and purchase agreement to acquire the Olo and Olo West marginal oil fields from TotalEnergies EP Nigeria ...
On Friday, the Naira dropped to N1,625 per dollar in the parallel market, down from N1,615 on Thursday. Similarly, the Naira fell to N1,598.56 per dollar in the Nigerian Autonomous ...
Bismarck Rewane, a prominent economist and Managing Director of Financial Derivatives Company, has stated that the current administration's target of achieving a $1 trillion economy will not be possible within ...
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