Senate Rejects Electricity Tariff Hike, Launches Probe into N2tn Subsidy

The Senate has taken a stance against the proposed electricity tariff hikes by Distribution companies (DisCos), alongside rejecting plans to remove electricity subsidies amidst...

NNPC Destroys 82 Illegal Oil Refineries in One Week

The Nigerian National Petroleum Corporation Limited (NNPCL) announced on Tuesday that it had discovered and dismantled 82 illegal refineries in the Niger Delta region...

Banks Sell $172m as CBN, EFCC Battle Currency Speculators

Banks Sell $172m as CBN, EFCC Battle Currency Speculators The Nigerian currency market witnessed a slight improvement on Tuesday as the naira marginally gained against...

FG Raises N1.5tn in Two FGN Bond Offers

The Federal Government successfully raised N1.5tn through bonds during its February auction, slightly lower than the N2.5tn target set for the offering. According to a...

Dollar To Naira Exchange Rate For 22nd Feb 2024

Dollar to Naira exchange rate for today 22 February 2024, on BizwatchNigeria. How much is naira to dollar exchange rate today? The exchange rate between the Naira and the US...

House Of Reps To Investigate Privatisation, Concession Of FG Silos

The House of Representatives has made the decision to look into the national privatization and concession of Federal Government silos. The resolution was passed...

DMO Fails To Reach N2.5Trn Target From FGN Bond Auction

At its monthly auction in February 2024, the Debt Management Office (DMO) announced on Tuesday that it had raised N1.495 trillion from Federal Government...

Naira Gains Marginally, Exchange Rates Gap Reaches N245

On the Nigerian autonomous foreign currency market, the naira saw a little increase as demand outpaced the amount of US dollars provided for the...

Market Demand For Treasury, OMO Bills Drops Yields

As short-term benchmark interest rates in the money market jumped yesterday due to liquidity constraints, the average yield on Nigerian Treasury notes and Open...

Nigeria Threatens To Open Borders For Cement Importation

The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement...

Exchange Rate For Cargo Clearance Peaks At N1,605/$

The exchange rate for cargo clearance has once again been increased by the Federal Government through the Central Bank of Nigeria to N1,605/$. Days...

Equity Market Records Continued Decline, Losing N730bn

The Nigerian equity market sustained its downward trend for the second consecutive day this week, witnessing a loss of N730bn on Tuesday. The market had...

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