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Exchange rate falls to N900/$1 as operators ask ‘where is the secure 3.5 billion dollar?

The exchange rate between the naira and the dollar plummeted to N900/$1 on the black market, based on quotes received by Nairametrics late on...
Business

I have more energy to increase Nigeria’s Oil Production, Lokpobiri assures stakeholders

The Minister of State, (Oil) Petroleum Resources, Senator Heineken Lokpobiri has assured stakeholders that Nigeria will witness an increase in oil production on a...
Business

‘It will not be business as usual’—Trade Minister tells permanent secretary, directors

The Minister of Industry, Trade and Investment (FMITI), Doris Uzoka-Anite has told Permanent Secretaries and Directors in her ministry that it is no longer...
Business

Nigeria’s economy will be weaker, inflation to hit 28%, naira to further depreciate – JP Morgan

JPMorgan Chase & Co. has projected that the Nigerian inflation rate will spike to 28 per cent by the end of 2023 and the...
Business

Stock investors Nigerian Exchange Limited lose N150bn in one week

Investors on the Nigerian Exchange Limited, suffered N150bn loss last week as bears dominated trading, halting consecutive weeks of upward movement, Punch reports. The dip...
Business

EXPOSED: Tinubu administration secretly paying subsidy on petrol – Oil Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the federal government was secretly paying subsidy on petrol to maintain the current pump...
Business

‘Alex Otti is one of my best customers, he bought 80% of official vehicles from me’— Innoson

The Chairman of Innoson Group of Companies, Innocent Chukwuma has clarified why Abia State Governor, Alex Otti, acquired 20 Toyota trucks for his new...
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