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“Don’t mislead Nigerians” – Dangote refutes NNPCL’s claim of selling fuel at N898/litre

Ajibola2 days ago01 mins

Dangote Refinery has responded to the Nigerian National Petroleum Company Limited (NNPCL), which alleged that it purchased fuel from them at N898 per litre. [Read more here](https://dailypost.ng/2024/09/15/dangote-sold-fuel-to-us-at-n898-per-litre-nnpcl/). In a statement released to newsmen and signed by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Company, the claims were firmly rejected. Chiejina labeled…

Nigeria’s external reserves rise to $36.881 Billion – CBN!

Ajibola4 days ago01 mins

As of September 11, 2024, Nigeria’s external reserves have risen to $36.881 billion, up from $36.305 billion on August 30. This information comes from the Central Bank of Nigeria’s recent data on external reserve movements over the past few weeks. The increase of $576 million from the end of last month to September 11 reflects…

Consumers planning to cut back on savings and investments-CBN survey

Ajibola6 days ago01 mins

A survey conducted by the Central Bank of Nigeria (CBN) reveals that consumers are planning to cut back on their savings and investments in the upcoming months due to rising prices of goods and services relative to their income. In its ‘Household Consumer Expectation Survey Report (CES)’ for August 2024, the central bank noted that…

Nigeria’s GDP growth doesn’t improve peoples’ standards of living- Experts tell Tinubu

Ajibola3 weeks ago07 mins

Financial experts and economists have informed President Bola Ahmed Tinubu that Nigeria’s 3.19 percent growth in Gross Domestic Product (GDP) for the second quarter of 2024 does not accurately represent the living conditions of its citizens. This statement follows the National Bureau of Statistics’ announcement on Monday, which revealed that the services sector propelled Nigeria’s…

Deficit spending by FG reaches N1.99 trillion

Ajibola4 weeks ago03 mins

Deficit spending by the Federal Government increased by 2.05 percent year-on-year (YoY), reaching N1.99 trillion in the first four months of 2024 (4M’24), compared to N1.95 trillion during the same period in 2023 (4M’23). An analysis of the Federal Government’s fiscal activities, based on data from the Central Bank of Nigeria (CBN) Economic reports, revealed…

Naira appreciates massively against dollar in FX market

Ajibola1 month ago01 mins

The naira appreciated massively against the dollar in the foreign exchange market in quick response to the first drop in inflation in Nigeria since 2022. The FMDQ data showed that the Naira gained on Thursday to N1,564.48 to the dollar, compared to N1,586.04 exchanged on Wednesday. This represents N21.56 against the dollar compared to N1,586.04…

Dangote refinery could lower price of petrol to between 600 and 650 naira- Marketers

Ajibola1 month ago02 mins

Nigerian oil traders said the Dangote refinery could lower the price of petrol to between 600 and 650 naira per liter depending on its production cost. The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, disclosed this in a statement on Monday. His comment comes amid indications that the $20…

Capital importation rises to $3.38 billion

Ajibola3 months ago03 mins

Capital importation into the country grew Quarter-on-Quarter (QoQ) by 210 percent to $3.38 billion in the first quarter of 2024 (Q1’24) from $1.09 billion in the fourth quarter of 2023 (Q4’23). The National Bureau of Statistics, NBS disclosed this yesterday in its capital importation report for Q1’24. I See Myself As Beautiful And Well Dressed,…

Nigeria’s external reserve increases to $34.07 billion

Ajibola3 months ago01 mins

Nigeria’s external reserve reached a record high of $34.07 billion on June 26, 2024. This is according to the Central Bank of Nigeria’s latest FX data on its official website. The figure represents the highest level since March 2024. Recall that last week the external reserve reached a three-month high when it rose to $33.5…

Uk promises to help Nigeria’s capital market

Ajibola4 months ago05 mins

The United Kingdom Government says it is committed to supporting Nigeria to develop its thriving capital markets and sees its Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme as a strong basis for collaboration with Nigeria’s financial sector. It says Nigeria’s capital market can help contribute to the delivery of the country’s economic goals,…

Why Dangote May Not Announce the Price of Fuel- By Lai Omotola

Presidency Clarifies: Tinubu did not request CBN Governor Cardoso’s resignation

“Don’t mislead Nigerians” – Dangote refutes NNPCL’s claim of selling fuel at N898/litre

Five Reasons Why a Refinery May Never Work in Nigeria- By Lai Omotola

Nigeria’s external reserves rise to $36.881 Billion – CBN!

Consumers planning to cut back on savings and investments-CBN survey

“Don’t mislead Nigerians” – Dangote refutes NNPCL’s claim of selling fuel at N898/litre

Nigeria’s external reserves rise to $36.881 Billion – CBN!

Consumers planning to cut back on savings and investments-CBN survey

Nigeria’s GDP growth doesn’t improve peoples’ standards of living- Experts tell Tinubu

Deficit spending by FG reaches N1.99 trillion

Naira appreciates massively against dollar in FX market

Dangote refinery could lower price of petrol to between 600 and 650 naira- Marketers

Capital importation rises to $3.38 billion

Nigeria’s external reserve increases to $34.07 billion

Uk promises to help Nigeria’s capital market

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