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2024: Naira depreciates at parallel market
The Naira, on Monday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar.
Data from!-->!-->!-->!-->!-->…
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Read this to know when Dangote Refinery will start supplying petrol
Dangote refinery will start supplying petrol in the fourth quarter of 2024, according to Standard and Poor’s’ Global Commodities, S & P.
Kelly Norways, an African energy expert at the S&P, disclosed this in a podcast titled!-->!-->!-->…
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First Bank appoints Alebiosu as new acting MD/CEO
First Bank of Nigeria (FBN) has appointed Olusegun Alebiosu as its acting managing director with effect from April 2024.
The Bank stated this in a release signed by its acting company secretary, Adewale Arogundade.
Alebiosu takes!-->!-->!-->!-->!-->…
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Cost of living: Prices of rice drop across Nigeria States – Survey
Prices of paddy are beginning to come down in many grain markets in the country as the dry season harvest begins, a Daily Trust reports.
Paddy is rice in its husk before threshing and is the major ingredient required by millers to!-->!-->!-->…
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2024: NASCON suspends merger plans with Dangote Sugar/Rice
Nascon Allied Industries Plc (NASCON) says it has suspended its proposed merger with Dangote Sugar Refinery Plc and Dangote Rice Ltd.
Mr A. A. Samuel, Company Secretary, NASCON, disclosed this in a notification sent to the Nigerian!-->!-->!-->…
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‘Set up task force to address recurring national grid collapse’ — Peter Obi advises FG
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has called on the federal government to constitute a technical task force of professionals to address the reoccurring national grid collapse.
Obi spoke in!-->!-->!-->…
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Fuel Subsidy: FG replies El-Rufai, says ‘ex-governor wrong’
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has responded to various claims on the alleged return of subsidy on Premium Motor Spirit, popularly called petrol.
The minister said those making the claims!-->!-->!-->…
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BDCs now buying dollar less than N1,000 — ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were presently buying dollars at N980/$ at the open market and selling at N1,020/$.
ABCON President, Aminu Gwadabe, announced!-->!-->!-->…
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KEDCO invests N1.2bn in network expansion
Kano Electricity Distribution Company (KEDCO) said it has concluded plans to invest ₦1.2billion Naira in network expansion and improvement in power supply to the famous Dawanau International Grains Market, in Kano.
Network expansion and!-->!-->!-->…
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JUST IN: FG commences disbursement of N200bn palliative loans
The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process.
The government, through the Bank of Industry, had!-->!-->!-->…
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