Naira Rises as CBN Unveils FX Trading on BMatch Platform
PH Refinery Begins Truck-Out of Petroleum Products: The Port Harcourt Refining Company Limited on Tuesday began the first tuck-out of petroleum products in view of the re-streaming of the rehabilitated facility…Read more
Food Prices Worsening Inflationary Pressure – CBN: The Central Bank of Nigeria says rising food prices is partly responsible for worsening headline inflation in the country…Read more
Litigation Claims against Zenith Bank Drop to N885bn after Payment: Zenith Bank Plc litigation portfolio has reduced to about N885 billion after the financial services group settlement of a huge…Read more
MTN Nigeria to Raise Additional N50bn from Debt Market: MTN Nigeria Plc has announced a plan to raise an additional N50 billion from the debt capital market as the telecom company seeks to shore up…Read more
Oando Appoints Igbokwe, Bello as Independent Non-Executive Directors: Oando PLC has notified shareholders and other stakeholders about the appointment of new independent directors. In a statement, the company told the…Read more
Delta Passes N979.2 Billion Budget for 2025 Fiscal Year: The Delta House of Assembly passed the Appropriation Bill of N979.2 billion for the 2025 fiscal year for assent. The budget passed at plenary…Read more
AP Unveils 150m Litres Lubricant Oil Blending Plant: Ardova Plc, an indigenous integrated energy company in Nigeria, has unveiled its state-of-the-art lubricant oil blending plant (LOBP) with a production…Read more
IBEDC Recorded 8,000 Energy Theft Cases in 10 Months—MD: Ibadan Electricity Distribution Company (IBEDC) says it recorded 8,000 cases of energy theft, including meter bypass and illegal meter…Read more
Kaduna Seals 5 Banks, Business Premises Over N1.7bn Debt: The Kaduna State Internal Revenue Service on Tuesday sealed five banks and other business premises within the Kaduna metropolis for a ‘Land Use Charge…Read more
Naira Rises as CBN Unveils FX Trading on BMatch Platform: The naira rose against the US dollar at the Nigerian autonomous foreign exchange market ahead of Blomberg BMatch FX implementation. Spot FX data …Read more
NGX Gains N8bn as Lafarge Africa, Haldane McCall Rally: Nigerian Exchange rose by more than N8 billion as equities investors hunted after Lafarge Africa with Ticker: WAPCO, and Haldane McCall Plc with Ticker:… Read more
Money Market Rates Diverge as Liquidity Deficit Widens: Interbank rates mixed in the money market as the liquidity deficit extended further on Tuesday ahead of FAAC inflows expectations. Analysts noted that …Read more