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NNPC Sept Report

Foreign exchange

Buhari, govs to discuss fuel pricing Thursday —Ngige

February 22, 2021 Ebere 0

President Muhammadu Buhari and the state governors will discuss the issue of fuel pricing Thursday. The Minister of Labour and Employment, Senator Chris Ngige, disclosed […]

WTO: How Nigeria Can Benefit From Okonjo-Iweala’s Leadership – LCCI

February 16, 2021 Admin5 0

The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by […]

Naira Loses Against Dollar At I&E Market

January 21, 2021 Ebere 0

The naira has lost against the U.S. dollar. The naira on Wednesday lost against the dollar at the Investors & Exporters window (I&E) of the […]

Net Forex Inflow Drops By 26% To $3.87bn

January 20, 2021 Admin5 0

Net foreign exchange (forex) inflow into the economy fell by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. […]

Border Closure: Nigeria Spent N1.85trn On Food Importation

January 20, 2021 Admin5 0

The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory […]

FG To Borrow Dormant Account Balances And Unclaimed Dividends From Nigerians

January 6, 2021 Ebere 0

Unclaimed dividends and bank account balances of Nigerians unclaimed for at least six years will be transferred to the Federal government. This is according to […]

In 3 Months, Forex Inflow Through CBN Hits $6.97bn

January 6, 2021 Admin5 0

Foreign exchange inflow through the Central Bank of Nigeria in the third quarter of 2020 stood at $6.97bn. The CBN disclosed this in the third […]

Oil Woes, As Bonny Light Drops By 34.8% In 11 Months

January 5, 2021 Admin5 0

The average price of Bonny Light, Nigeria’s premium oil grade, has dropped by 34.8 percent to $42.9 per barrel in the past 11 months of […]

Again, FG Hikes Electricity Tariff

January 5, 2021 Political Editor 0

Abuja (Sundiata Post) – The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the […]

Nigerians Displeased With Inflation Control Measures – CBN

December 30, 2020 Admin5 0

In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased […]

Nigeria’s Forex Inflow Hits $21bn In Q3

December 23, 2020 Admin5 0

The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the […]

Nigeria Imports N1.62trn Petrol In 9 Months

December 21, 2020 Admin5 0

Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National […]

Nigeria’s Forex Reserves Drops By $132.06m

December 21, 2020 Admin5 0

Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to use the forex reserves as a buffer […]

Telecoms Key to Economic Diversification in Nigeria – Danbatta

December 19, 2020 Admin5 0

…as NCC remits N362.34bn to government coffers in 5 years The Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta has described as key […]

Natural Resources Fund should be deployed to diversify economy – Lawan

December 17, 2020 Political Editor 0

By Chibuike Nwabuko Abuja (Sundiata Post) – President of the Senate, Ahmad Lawan has advised the federal government to deploy the Natural Resources Development Fund […]

Naira Bounces Back, Appreciates To N470/$ In Parallel Market

December 2, 2020 Admin 0

In what will come across as good news to Nigerians, the naira this morning reversed its two weeks loss to the dollar in the parallel […]

Fed Govt, CBN Point To Results In Economy Recovery Plan

November 30, 2020 Admin5 0

At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all fronts […]

Interventions Drive Daily I&E Window Sales To $150m – Says Emefiele

November 30, 2020 Admin5 0

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have resulted in a daily trade of $150m […]

Recession: PDP wants FG to Allow Free Market Economy

November 23, 2020 Admin5 0

The Peoples Democratic Party(PDP) has advised the Federal Government to permit a free market economy that will allow Nigerians actively participate in the economic space […]

CBN MPC members Express Worry Over High Demand Pressure In Forex

November 12, 2020 Admin 0

Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign […]

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Recent Updates

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  • Buhari to bandits : We won’t succumb to blackmail •Tells states to desist from rewarding criminals February 26, 2021
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  • Police smash armed robbery gang masquerading as govt task force February 26, 2021
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  • DSS, police attempt to arrest Sunday Igboho because he’s not a bandit –Afenifere February 26, 2021
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