What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of October 24th, 2023, the dollar...
Nigeria has succeeded in overturning the enforcement of the $11 billion arbitration award in favor of Process and Industrial Developments (P&ID) after a five-year-long legal battle....
President Bola Tinubu has pledged to honor the country’s foreign exchange obligations of $13 billion in an effort to ease foreign exchange illiquidity. This significant commitment...
A recent report jointly released by the GSM Association (GSMA) and the UK’s Department for Business and Trade has shed light on the growing impact of...
The Nigerian naira’s downward trajectory continues as it faces increased scarcity of the United States dollar. According to reports, the naira began trading at 1,175/$ and...
The Federal Government of Nigeria has proudly announced that it has successfully attracted over $2 billion in investments in the renewable energy sector over the past...
The Federal Ministry of Communications and Digital Economy (FMoCDE) is thrilled to announce a N1 billion partnership with IHS Towers, a leading telecommunications infrastructure company. This...
The Debt Management Office (DMO) held its monthly auction of FGN Bonds on Monday (16 October ’23). It offered N360bn but raised N334.8bn through re-openings of...
The Lagos State government has taken decisive action by sealing the Alaba International Market due to issues related to poor waste disposal, failure to settle waste...
Filling stations in Nigeria, particularly those run by independent marketers, are dispensing Premium Motor Spirit (PMS), commonly known as petrol, at prices exceeding the government’s approved...