Tuesday, March 3, 2026
CBN injects $210m into foreign exchange market
The Central Bank of Nigeria says it has injected 210 million dollars into the various segments of the market to...
Read moreDetailsOil slips back toward 18-month lows on oversupply
Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude...
Read moreDetailsCBN reduces MTN’s repatriation remittances to $52.6m
MTN Nigeria is now to pay $52.6 million only for the illegal remittanceson preference shares issued in 2008, in settlement...
Read moreDetailsOtedola sells off stake in downstream Forte oil
Femi Otedola, chairman of Forte Oil Plc, disclosed Monday that arrangements to sell off an entire equity stake of 75...
Read moreDetailsNigeria shares N7.8trn in 11 months, fails to save for rainy day
The Nigerian government has missed another chance to build economic buffers with the current declining trend in crude oil prices,...
Read moreDetailsNigeria loses out on $72.6bn cotton export market as growers seek investment in research
Cotton growers in Nigeria are losing out on the rising demand for the commodity in the global market as lack...
Read moreDetailsNigeria reviews NEPZA’s mandate for industrial cities, parks regulation, targets $15bn FDIs
Nigeria has commenced the process to review the mandate of Nigeria Export Processing Zones Authority (NEPZA) to make it become...
Read moreDetails2019 budget faces first hurdle as OPEC cuts Nigeria’s oil production quota to 1.68mpd
The 2019 budget is facing its first hurdle even before it is debated and passed by the national assembly following a...
Read moreDetailsNigeria plans to boost MSMEs, budgets N37bn for export grants, loans in 2019
The Nigerian government has expressed its determination to boost economic activities in the micro, small and medium scale enterprises (MSMEs)...
Read moreDetailsNigeria’s stock market claws back losses on buy interest in big cap companies
A renewed buy interest in big cap companies such as Seplat (+6.8%), Dangote Cement (+2.2%) and Guaranty Trust Bank...
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