CBN releases more dollars as naira weakens to 1,300/$

Damilola Aina and Daniel Adaji The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as the Central Bank of Nigeria stepped... Read more »

Dangote drops diesel to N940, stations sell N1,400

Okechukwu Nnodim, Dare Olawin and Anozie Egole Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country... Read more »

Again, Dangote crashes diesel, aviation fuel prices to N940, N980 respectively

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.  This is coming at the wake of its... Read more »

UPDATED: CBN resumes forex sale to BDCs at N1,021/$

By Daniel Adaji The Central Bank of Nigeria has resumed the sales of dollars to Bureau De Change operators. It disclosed this in a circular referenced TEM/FEM/PUB/001/013 uploaded to its website on Tuesday... Read more »

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

By Lara Adejoro The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.... Read more »

FCCPC seals Abuja Chinese supermarket over discrimination against Nigerians

The Federal Competition and Consumer Protection Commission has sealed the Chinese supermarket located within the China General Chamber of Commerce in Abuja, the nation’s capital. Officials of the FCCPC stormed the premises... Read more »

Outrage over discrimination against Nigerians at Abuja Chinese supermarket

By Damilola Aina The management of an Abuja-based Chinese supermarket has come under fire for denying Nigerians entry into the facility. Our correspondent reports that entry into the supermarket, without any name inscription,... Read more »

Dollar rise: EFCC continues crackdown on cryptocurrency platforms, others

ABIODUN SANUSI and IMOLEAYO OYEDEYI The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira, Sunday PUNCH has learnt. Impeccable sources within the commission... Read more »

P/Harcourt refinery: Marketers eye N500/litre petrol, set to load

Okechukwu Nnodim, Dare Olawin and chima azubuike Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set... Read more »

Flight ticket politics:  What Nigeria can do for Air Peace – Adeyileka

By Dickson Omobola The price war sparked by Nigerian carrier, Air Peace, with its entrant into the juicy Lagos-London route once monopolised by foreign airlines has triggered mixed feelings among stakeholders. In... Read more »