Dave Ibemere
5982 articles published since 20 Sep 2021
5982 articles published since 20 Sep 2021
Nigerian Exchange closes week lower as NGX All-Share Index falls 0.25% and market capitalization drops to N160.08 trillion amid weak trading activity.
The naira depreciated slightly against the dollar at the official market, while remaining stable in the parallel market amid sustained foreign exchange demand.
NCAA places 11 airlines including Air Peace, Ibom Air and Arik Air on “No-Pay-No-Service” list over over N10 billion outstanding regulatory debts.
Millions of Nigerians risk losing access to their bank accounts as strict BVN-linked phone number rules raise concerns over financial inclusion in Nigeria today.
NNPC filling stations in Lagos adjusted petrol prices to N1,300 to N1,315 per litre following depot price reductions across major marketers in May.
Lagos cooking gas prices may rise sharply as prolonged LPG supply shortages continue, with depot disruptions pushing costs toward N2,000 per kilogram across markets.
NNPC has asked the Federal High Court in Lagos to allow continued petrol importation, warning that restricting licences could trigger shortages and price.
The naira appreciated slightly against the dollar after the CBN MPC meeting, supported by stronger external reserves, improved FX liquidity, and ongoing reforms.
The CBN invites contractors for its 2026 procurement projects covering construction, ICT, consultancy, and security. Submissions due by 1 June 2026.
Dave Ibemere
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