Federal Republic Of Nigeria
Amid the economic crisis in Nigeria, there are agitations for President Bola Tinubu to appoint a competent financial expert to run the affairs of the ministry.
The Lagos State Taskforce has finalised preparations to apprehend and prosecute unauthorised auto mart dealers operating in non-designated areas in the state.
Major and independent petroleum product distributors have closed their dispensing locations as they fear a potential rise in the price of premium motor spirit.
Nigeria's commodity trading company, Neveah said it has completed the issuance of N8.9 billion Series 6-13 Commercial Paper approved by the FMDQ Exchange..
A leaked chat has revealed that some forex traders are exchanging the dollar for as high as N1000, and the Central Bank of Nigeria has promised to fight back.
Folasodun Sonubi, the acting CBN governor, said the bank is taking steps to stabilise the naira's value relative to the dollar in its efforts to stop the slide.
Oil marketers in Nigeria have revealed that the price of diesel has now risen to N950 per litre due to dollar shortage and the implementation of VAT on diesel.
According to a recent report by the National Bureau of Statistics (NBS), the cost of transportation surged by 98% in June for inter and intra-city journeys.
The pump price of Premium Motor Spirit will increase to above N700 per litre in the coming days, bringing more hardship to Nigerians already heavily burdened.
Federal Republic Of Nigeria
Load more