Banks are set to increase funding of petrol importation to N3.5 trillion as more marketers move…
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Marketers sue Dangote, insist on petrol import
Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have…
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Petrol Price: Marketers set to import cheaper products
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, on Monday insisted that the price…
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Pressure mounts on naira, falls to N1,740 in parallel market
There are indications that the local currency is set to fully reverse its gains as the…
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FG to raise VAT on luxury goods to 15%
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the…
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Naira appreciates to N1,680/$ in parallel market
The Naira yesterday appreciated to N1,680 per dollar in the parallel market compared to N1,690 per…
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CBN sells dollars to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau…
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Investors lose N847bn as profit-taking rattles stock market
Investors lost N847 billion in the stock market last week due to the negative impact of…
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CBN eases FX pressure, sells $876.26m to end-users at N1,495/$
The Central Bank of Nigeria, CBN, in a bid to ease pressure in the foreign exchange (FX)…
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Naira appreciates by 0.6% against dollar at official market
The naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data…
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