United Bank for Africa Plc (UBA) has reportedly secured interim preservative orders from a Lagos State High Court in a $242 million petroleum-products dispute involving Swiss-based energy trading company Vitol SA and four shipping companies.…
‘Nigeria Launches 2025 Oil Licensing Round’
Nigeria is taking another step to reposition its petroleum sector as authorities prepare to roll out a new oil licensing round aimed at boosting investment and production capacity. The initiative, scheduled to commence later in…
Dollar to Naira Exchange Rate Update for Thursday,…
Currency traders in Nigeria’s informal foreign exchange market have reported fresh movements in the value of the naira against the U.S. dollar, reflecting ongoing volatility in the country’s forex space. As of midweek trading, the…
‘NUPRC Reforms Revive Investor Confidence, Driving West Africa’s…
Nigeria’s upstream petroleum sector is receiving renewed recognition as recent regulatory reforms begin to reshape investor perception and drive broader energy growth across West Africa. The transformation, led by the Nigerian Upstream Petroleum Regulatory Commission…
Naira to Dollar Exchange Rate Today, Wednesday, November…
Nigeria’s foreign exchange market continues to reflect slight variations between official and informal channels, with the naira maintaining a relatively close spread against the US dollar. According to Gossip News Now, traders operating within Lagos’…
Okonjo-Iweala Criticizes Global Overreliance On U.S. Market
Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has raised fresh concerns about the structure of global commerce, cautioning that too many countries are leaning heavily on the United States as their primary market. Speaking…
Today’s Top Nigerian Newspaper Headlines – Wednesday, November…
Nigeria’s news space is buzzing with political tensions, security concerns, and major developments across different sectors, reflecting a country navigating complex realities. According to Gossip News Now, one of the most talked-about issues involves Nyesom…
Naira Slumps, NGX Sheds ₦2.8 Trillion as Trump’s…
Nigeria’s financial landscape has come under intense pressure after fresh international developments unsettled both investors and the broader market. The latest shock followed U.S. President Donald Trump’s decision to classify Nigeria as a Country of…
Dollar to Naira Exchange Rate Today, Tuesday, November…
Fresh details have emerged on the movement of the U.S. dollar against the naira, with attention once again focused on both the parallel market and the official foreign exchange window. As of Tuesday, November 11,…