Economy
FG Mandates BVN, NIN for $500 Million Bond Subscription
The Federal Government of Nigeria has announced that investors interested in its newly issued $500 million domestic dollar bond must...
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Naira Stays at N1600/$ Despite Positive Market Indicators
The Nigerian naira continued to hover around N1600 per dollar in the black market on Wednesday morning, maintaining its position...
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NNPCL Repays 60% of $1.036 Billion Loan for Stake in Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has made significant progress in repaying a $1.036 billion loan secured in September...
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Nigeria Owes NNPC $4.9 Billion in Fuel Subsidy Debt, Report Reveals
The Federal Government of Nigeria owes the Nigerian National Petroleum Company Limited (NNPC) a significant debt of $4.9 billion (N7.8...
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FG Launches $500 Million Five-Year Domestic Dollar Bond at 9.75% Interest
The Federal Government of Nigeria (FGN) has officially launched a $500 million domestic dollar bond, opening it for subscription on...
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Inconsistent Dollar Supply by CBN Hinders Naira Recovery, Say BDC Operators
Currency traders have blamed the persistent depreciation of the naira and the volatility in Nigeria's foreign exchange (FX) market on...
Read moreFX Turnover Drops by 21% in Early August Amid CBN’s Retail Dutch Auction
The Nigerian foreign exchange (FX) market witnessed a significant downturn in turnover during the first two weeks of August 2024,...
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Top Story: MTN and Other Firms Receive Permits for Electricity Generation
The Nigerian Electricity Regulatory Commission (NERC) has granted new permits to several companies, including MTN Communications Nigeria Limited, Golden Penny...
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Government Revenue Sees N2.74 Trillion Boost from Weak Naira in Six Months
The federal, state, and local governments in Nigeria collectively gained an additional N2.74 trillion in revenue from exchange rate fluctuations...
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Diesel Prices Drop by 5.71% in July, Yearly Increase Still Significant
The average retail price of Automotive Gas Oil, commonly known as diesel, experienced a notable decrease of 5.71% in July...
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Popular Story
NGX Market Cap Dips Below N130 Trillion as Profit-Taking Takes Hold
CBN Auctions N1.05 Trillion in Treasury Bills, Pushing Two-Week Borrowing Near N3 Trillion
Nigeria’s Current Account Surplus Plunges 65% to $1.4 Billion in Q4 2025
Dangote Refinery Imported $3.74 Billion Worth of Crude in 2025 – CBN Data Reveals
CBN Mandates AI-Powered AML Systems for Banks and Fintechs in Landmark Guidelines
