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Naira depreciates to N1,300 per dollar in official market
April 24, 2024. Azonuchechi Chukwu. The Naira depreciated on Tuesday, April 23, in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar, exceeding the parallel market rate by N45....
https://naija247news.com/2024/04/24/naira-depreciates-to-n1300-per-dollar-in-official-market/
Security agent shoots dead LAUTECH student, injures 2 others
April 24, 2024. Azonuchechi Chukwu. A yet to be identified security guard killed a student of Ladoke Akintola University of Technology (LAUTECH) and injured two others in Ogbomoso, Oyo State. It ...
https://naija247news.com/2024/04/24/security-agent-shoots-dead-lautech-student-injures-2-others/
Nigerian Bourse Declines, All Share Index Drops by 0.35%
April 24, 2024. Azonuchechi Chukwu. It was bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index declined by 0.35% to close at 99,311.54 points against the p...
https://naija247news.com/2024/04/24/nigerian-bourse-declines-all-share-index-drops-by-0-35/
Net Foreign Exchange Inflow Increases by 7.3% to $33.9 Billion in 2023 Despite Low Dollar Inflow
The net foreign exchange (Forex) inflow into the economy saw a 7.3% year-on-year increase, reaching $33.9 billion in 2023 compared to $31.58 billion in 2022. This growth, amid challenges in dolla...
FPIs Surges by 167.8% in Nigerian Stock Market, Reaching N118.92 Billion in February 2024
Foreign portfolio investment (FPI) in Nigeria’s stock market experienced a remarkable surge of 167.8% year-on-year, reaching N118.92 billion in February 2024 compared to N44.52 billion in the s...
Manufacturers’ N266 Billion Loss in 2023: High Costs Amid Inflation, Exchange Rate Volatility
Manufacturers of consumer goods in Nigeria are grappling with significant losses totaling N266 billion in 2023, a sharp decline from the N320.5 billion profit recorded in 2022. This downturn is p...
Tin-can Island Port Customs Command Surpasses Q1 Revenue Target by 139%
The Tin-can Island Port Command of the Nigeria Customs Service (NCS) has exceeded its revenue target for the first quarter of 2024 by an impressive 139%, announcing a total collection of N304 bil...
Former Police Chief and Lawyer Advocate for State Police Amidst Concerns of Potential Abuse
Former Inspector-General of Police, Mr. Sunday Ehindero, and a legal practitioner have joined the discourse on the establishment of state police in Nigeria, emphasizing its desirability while cau...
Oando Plc Pledges to Ramp Up Oil Production Following $78.71 Billion Loss in 2022
Oando Plc has announced its commitment to enhancing oil production and increasing cash inflows as part of its strategy to regain profitability. The Group Chief Executive, Wale Tinubu, made this a...
Minister of State for Petroleum Resources and Former NCDMB ...y Trade Allegations of Over $500 Million Investments and Loans
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, engaged in a hea...
MRS Oil Plc Unveils Plan to Delist from Nigerian Exchange Limited
MRS Oil Plc has disclosed intentions to seek shareholders’ approval for its delisting from the Nigerian Exchange Limited, as outlined in a notice of Extraordinary General Meeting filed with the...
Nigerian Rice Prices See Significant Decline Following Naira’s Rebound Against the Dollar
In a notable turn of events, the price of a 50-kilogram bag of rice has witnessed a considerable drop across various regions in Nigeria, including Lagos, Abuja, Ogun, and border communities. This...
“Lagos State Govt Plans 2,000 CNG Buses & 231 EVs for Cleaner Transport”
Lagos residents are set to experience cleaner transportation options within the state, with the government’s announcement of plans to introduce 2,000 compressed natural gas (CNG) buses and 231 ...
Court Sets May 10 for Ruling on Yahaya Bello’s Arrest Warrant Appeal
The Federal High Court in Abuja has scheduled May 10 as the date for ruling on Yahaya Bello’s appeal to nullify the arrest warrant issued against him on April 17. Justice Emeka Nwite fixed the ...
EFCC Freezes 300 Suspected Illegal Forex Bank Accounts, Targets Naira Stability
The Economic and Financial Crimes Commission (EFCC) revealed on Tuesday that it has taken action to freeze approximately 300 suspected illegal forex accounts operating on a peer-to-peer platform....