Tag: NigeriaEconomy

The Naira depreciated against dollar at the official foreign exchange market on Tuesday, reversing gains recorded a day earlier. Data released by the Central Bank of Nigeria (CBN) showed the…

|By Babatunji Wusu The Dangote Refinery has raised its Premium Motor Spirit (PMS) gantry price to N874 per litre, marking a N75 increase from the previous N799 rate. The 650,000-barrel-per-day…

|By Babatunji Wusu Nigerians will begin paying more for Premium Motor Spirit (PMS) from Tuesday and Wednesday, March 3 and 4, 2026, as petroleum marketers confirmed an imminent surge in…

|By Babatunji Wusu The Nigerian Ports Authority (NPA) has confirmed that 21 vessels are currently discharging petroleum products and assorted cargoes across major Lagos ports, signaling sustained maritime traffic and…

|By Babatunji Wusu The World Bank is poised to approve a fresh $500 million loan to Nigeria next month, targeting agricultural productivity and the strengthening of key value chains across…

|By Babatunji Wusu The Nigeria Customs Service has suspended an Authorized Economic Operator (AEO)-certified company over false declaration of consignments, reinforcing its zero-tolerance stance on trade infractions. In a statement…

|By Babatunji  Wusu The Nigerian Naira surged to its strongest level in nearly two years against the United States Dollar on Tuesday, rallying in both official and parallel foreign exchange…

|By Babatunji Wusu The Nigerian Ports Authority (NPA) has confirmed that 18 vessels are actively offloading petroleum products and assorted cargoes across major Lagos ports, intensifying maritime activity at Apapa,…

 |By Babatunji Wusu The Naira on Thursday reversed its three-day rally and depreciated against the United States dollar at the official foreign exchange window, as fresh data from the Central…

|By Babatunji Wusu The naira on Wednesday strengthened further against the United States dollar across both the official and parallel foreign exchange markets, sustaining a rally driven by tighter monetary…