Dave Ibemere
5955 articles published since 20 Sep 2021
5955 articles published since 20 Sep 2021
The Nigerian stock market gained N1.87 trillion on Tuesday as buying across major sectors lifted the NGX All-Share Index by 1.24% despite weaker trading activity.
MTN has restored airtime and data borrowing, ending weeks of disruption and reconnecting about 40 million Nigerians to essential emergency communication services.
Dangote Refinery has launched free petrol delivery at N1,075 per litre in six states, offering qualified bulk buyers a 10-day credit facility nationwide.
Dangote Group will build a $17 billion, 700,000-barrel-per-day oil refinery in Kenya, expanding Africa's refining capacity and strengthening energy security.
The naira ranked as Africa's second best-performing currency in the first half of 2026, appreciating 3.36% against the US dollar despite global economic headwinds.
The naira appreciated against the US dollar, pound, and euro in the official market as the CBN reported stronger FX liquidity and rising external reserves.
Dangote marketers cut cooking gas prices to N985/kg, undercutting depot rates and raising hopes of cheaper LPG nationwide as competition intensifies among suppliers.
Independent Marketers say petrol prices could fall below N800 per litre after securing direct supply from Dangote Refinery, raising hopes of cheaper fuel soon.
Depot owners have slashed petrol prices below Dangote's rate, giving marketers cheaper supply options and boosting expectations of lower pump prices soon.
Dave Ibemere
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