The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday.
The open indicative rate closed at N434.83k o the dollar on Thursday. An exchange rate of N438 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.33k.
The Major Energy Marketers Association of Nigeria, MEMAN, has refuted reports that the pump price of Premium Motor Spirit (PMS) will drop to ₦300/litre, as Dangote Petroleum Refinery and other local refiners, including modular refinery operators commences large-scale productions....
Customs agents in the country have called on the federal government to urgently ensure the implementation and enforcement of the Executive Order on the reduction of security agents and a one-stop-shop process as provided in the Port Related Offences...
Bureau De Change (BDC) operators across Nigeria are expressing concerns against Central Bank of Nigeria’s (CBN) new directive mandating them to re-apply for licenses under new stringent guidelines.CBN noted that the overhauling aim to enhance the regulatory framework and...
NNPCL Chief Communications Officer, Olufemi Soneye who gave the assurance, added that the company currently has an availability of products exceeding 1.5 billion litres, which can last for at least 30 days. “However, as you know, overcoming such disruptions...
