Former Anambra State Governor, Peter Obi, criticized the reported crackdown on Bureau De Change (BDC) operators by government agencies, stating that it is misguided. The Economic and Financial Crimes Commission (EFCC) conducted... Read more »
Nigeria’s economy grew 3.46% in the fourth quarter (NGGDPQ=ECI), opens new tab, a similar pace as it did a year earlier, data showed on Thursday, as oil output picked up and government... Read more »
The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in... Read more »
Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting ₦1000 per litre... Read more »
The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja,... Read more »
Dangote Cement Plc has vehemently denied accusations of attempting to export cement to the Republic of Cameroon via Adamawa State, Nigeria. The company clarified that two of its trucks, each laden with... Read more »
Food prices have begun to decrease at major grain markets in Kano, Taraba, and Niger states.In recent weeks, there have been protests in Lagos, Kano, and Niger states, as well as in... Read more »
The Federal Government on Monday vowed to address the concerns of oil transporters and distributors to ensure smooth operation despite the high cost, especially in the maintenance of trucks used in the... Read more »
The Naira experienced a sharp depreciation against the US dollar on February 19, 2024, reaching an intra-day high of N1,712. The domestic currency depreciated by 3.78% to close at N1,598.54 to a dollar at the... Read more »
The Airline Operators of Nigeria (AON) have raised concerns about the industry’s existential threat, attributing it to difficulties in accessing foreign exchange for maintenance and other dollar-based activities. Handling companies, airports, and... Read more »