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The ongoing conversation surrounding Nigeria’s fuel supply strategy has taken a new turn, with industry stakeholders strongly opposing recent suggestions encouraging the importation of petrol. The development has sparked intense reactions across the energy sector,…
The value of the Nigerian Naira against the United States Dollar continues to draw attention, especially within the informal currency market commonly referred to as the parallel market. Many Nigerians rely on this segment to…
The naira continued to trade at a high exchange level against the United States dollar in the parallel market, with Bureau De Change sources indicating that the local currency remained under pressure as trading closed…
Nigeria’s upstream oil and gas industry is undergoing a major transformation, with regulators pursuing reforms aimed at making the sector more transparent, competitive, and sustainable for the future. That was the message delivered by the…
The naira remained under pressure in the parallel foreign exchange market, with fresh figures from Bureau De Change operators in Lagos showing the dollar still exchanging at a high rate against the local currency. Traders…
Fresh exchange rate figures from Lagos showed the naira still facing pressure in the informal foreign exchange market, with the U.S. dollar trading at a higher level outside the official system. For the Thursday, November…
Economist and Financial Derivatives Company boss Bismarck Rewane has urged Nigerians not to view President Bola Tinubu’s ₦1.15 trillion domestic borrowing request as a fresh financial shock, saying the move is essentially tied to financing…
The naira remained under pressure in the informal foreign exchange market, with the U.S. dollar trading above the ₦1,460 mark in Lagos. Activity in the parallel market showed that demand for the greenback continued to…
The naira continued to face pressure in the parallel foreign exchange market, with the U.S. dollar trading above the ₦1,450 mark as traders monitored demand and supply conditions across Lagos and other commercial centres. For…
Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission, is expected to take part as one of the notable expert voices at the Sixth Ordinary Session of the Pan-African Parliament in Midrand, South…