FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms
The Federal Government has announced intentions to remove the Naira from all peer-to-peer (P2P) platforms. Emomotimi Agama, the Director General of the Securities and Exchange […]
Business
Türkiye stopped trade with Israel to compel ceasefire – President Erdogan
Turkish President Recep Tayyip Erdogan stated that the country’s recent decision to cease trade with Israel was aimed at pressuring the Israeli government to implement […]
BREAKING: Dangote crashes price of diesel to N1000 per litre
Dangote Petroleum Refinery has declared a decrease in the price of diesel from N1200 to N1,000 per litre. According to a statement released by the […]
Interest Rate, High Energy Costs Putting Businesses Under Pressure, LCCI Laments
The Lagos Chamber of Commerce & Industry (LCCI) has expressed concern about the elevated cost of conducting business in Nigeria, citing factors such as the […]
Naira appreciates N351 against Dollar at forex in one month
According to data from FMDQ on the dollar exchange rate spanning from March 8 to April 5, 2024, the Naira has experienced a positive shift, […]
What you must know about new Electricity Tariff hike in Nigeria
After the Nigerian Electricity Regulatory Commission (NERC) approved a 250 percent increase in electricity tariffs on Wednesday, DAILY POST provides an overview of what Nigerians […]
Dangote refinery begins sale of petroleum products – Official
According to a report by Reuters, Dangote Refinery initiated the distribution of petroleum products to the local market on Tuesday. This information was confirmed by […]
Epileptic electricity to persist as Nigerian govt announces 11% increase in gas price
The Nigerian government has declared a rise in the wholesale cost of gas supplied to power plants, increasing by 11 percent. This equates to a […]
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]
Shippers’ Council Recovers N58.4bn From Demurrage, Legal Cases, Fines
The Nigerian Shippers’ Council (NSC) has achieved significant savings for the nation’s economy, totaling N58.4 billion, by intervening in legal cases, vessel demurrage, and fines […]