Nigeria’s crude oil exports have surged to N24.18 trillion in the first nine months of 2024, driven by increased demand from top buyers including the United States, France, and Spain. Nigeria maintained its status as one of Africa’s leading crude oil exporters, supplying its high-quality crude to a variety of countries across the globe. Recent […]

The naira depreciated against the dollar at both the official and parallel foreign exchange markets, ending the week on a negative note. FMDQ data showed that the naira weakened slightly to N1,541.68 per dollar on Friday, down from N1,541.38 exchanged on Thursday, losing N0.3. At the parallel market, the naira closed at N1,775 per dollar […]

A group known as the Nigerian Council of Registered Insurance Brokers (NCRIB) has reaffirmed its status as the legally recognised professional body for registered insurance brokers in Nigeria. This is as it warned against unethical practices in the insurance brokerage industry, cautioning unsuspecting clients to be wary of unethical players in the insurance industry. Speaking […]

The Federal Competition and Consumer Protection Commission has insisted that it is investigating Air Peace for allegedly exploiting customers. FCCPC disclosed this in a statement by its spokesperson, Ondaje Ijagwu, on Thursday. The Commission was clarifying reports making the round that it is not investigating Air Peace. However, the FCCPC told Nigerians to disregard the […]

President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has said the Port Harcourt refinery is operating at 70 percent installed capacity with plans to increase production shortly. Onanuga said the refinery receives regular crude oil contrary to claims of lacking the product. He disclosed this after joining a fact-finding team to the […]

The return of cash scarcity in Nigeria has left many residents struggling to meet their financial needs as banks across the country ration withdrawals and Automated Teller Machines (ATMs) remain largely cashless. As frustration mounts, Point of Sale (POS) operators have become the primary source of cash for millions of Nigerians but their services now […]

Nigeria and France have agreed to develop joint projects to promote and diversify the critical minerals value chain in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. In the Memorandum of Understanding (MOU) signed by both countries on […]

Ahead of the Christmas and New Year festivities, shortage of cash has again hit Nigerians across the country. Residents of the Federal Capital Territory, FCT, and environs, who spoke to DAILY POST decried the development. This comes despite revelation by the Central Bank of Nigeria, CBN, that a significant N3.87 trillion remains outside the banking […]

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. The Minister stated this during an interactive session of the Senate Joint Committees on Finance and National Planning and Economic Affairs […]