The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA Regional Vice-President for Africa...

On Monday, February 5, the official market witnessed a positive shift as the Naira experienced an appreciation, according to data sourced from FMDQ. The Naira strengthened by 1.09%, concluding at a rate of 1,419.86...

Naira appreciated further as foreign exchange (FX) market recorded increased dollar supply on Friday at the official market. This reflected dollar sales by banks in response to the directive by the Central Bank of...

The information was shared during a briefing in Abuja, where it was revealed that the refinery is presently undergoing trial runs and will soon commence the distribution of refined petroleum products in the market....

The pension sector injected N588.1 billion into the stock market in 2023. Pension Fund Operators Association of Nigeria (PenOp) said pension fund administrators (PFAs) sustained their interest in stocks, after an 8.52 per cent...

The Naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had closed at 1,348 against the greenback on Monday after...

The former Governor of Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi, has expressed support for the Central Bank of Nigeria’s decision to relocate certain departments from its Abuja headquarters to Lagos. In a...

The Lagos State Government under Governor Babajide Sanwo-Olu has sealed Oke-Afa Market, Isolo Market, and Katangua Market in Abule Egba for violations of waste disposal regulations and for various unhygienic practices around the markets,...