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SERAP sues Wike, governors, over failure to account for N40tn LGA allocations

SERAP drags CBN to court alleged N3tn diversion

  • 15th February 2026
Dangote Refinery loses N32.5bn after petrol price cut

Dangote Refinery boosts Nigeria’s fuel supply to 40.1m

  • 14th February 2026

Nigeria procures 1.37m electricity meters from China via

  • 14th February 2026

Zinox Chairman hails Tinubu’s reforms as boost for

  • 13th February 2026

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Drama as Lagos prisoner ships cocaine consignment to London

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SERAP sues Wike, governors, over failure to account for N40tn LGA allocations

SERAP drags CBN to court alleged N3tn diversion

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US embassy Abuja, Lagos consulate closed Monday for ‘Presidents’

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Tag: Fx

FX spot market reports $4.66bn turnover in October - Report
Business

FX spot market reports $4.66bn turnover in October – Report

The October 2023 spot foreign exchange market turnover was $4.66 billion (N3.66 trillion), a Month-on-Month decline of 14.96% ($0.82 billion) from the September 2023 turnover of $5.48 billion. The Times reported that this was stated in the FMDQ Markets Monthly Report for October. According to the report, the US dollar strengthened its position against the Naira […]

Petrol imports from Russia records 84% increase - Report
Economy

FX trade, crude oil price account for 80% of petrol price — IPMAN

The Independent Petroleum Marketers Association of Nigeria have explained that the international price of crude oil and the exchange rate constitute the largest components of the cost build-up for PMS, accounting for over 80 per cent.   The PUNCH reported that the Secretary, IPMAN, Abuja-Suleja, Mohammed Shuaibu, said, “The rise in crude oil price and […]

Forex revenues hits new high as trade surplus reaches N2.22trn
Business

NGX FX trading hits N145bn in six months

In the first half of 2023, the total amount of international transactions carried out by investors on the floor of the Nigerian Exchange Limited increased to N145.08 billion. Nairametrics reported that this is according to the recently disclosed data on domestic and foreign portfolio investment reports in Nigerian equity trading for June 2023. The total foreign […]

Naira and Dollar displayed
Business

Naira drops as forex market records 29% decline

The value of the naira dropped against US Dollar due to a decline in the daily foreign exchange turnover by 29.15% in the official market. According to the data obtained by Business Day from the FMDQ on Monday, the market turnover declined to $99.33 million from $128.29 million on Friday. A financial market dealer whose […]

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