News - Page 363

Africa

Fuel Scarcity: Marketers Urge Sustained Emergency Supply As Stock Drops

NNPC Attributes Fuel Scarcity To Logistics Issues

The Nigerian National Petroleum Company Limited (NNPC), claiming that its logistical problems had been rectified, has blamed the increasing scarcity of petrol in Abuja and surrounding states. On the ground, however, the

Emmanuel Ochayi

April 26, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Falls To N1,420/$1 At Parallel Market, Traders Cite Increased Demand

The value of the naira versus the US dollar declined further, trading at N1,309/$ on the official market and N1,420 on the black market. Currency brokers explain this away as more people

Emmanuel Ochayi

April 26, 2024

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business·News·Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa’s richest man, Aliko Dangote, is having payment problems, which is delaying the discharge of crude oil shipment from Chinese state energy

Emmanuel Ochayi

April 26, 2024

Expert Predicts Bitcoin Hitting $180,000 By End Of 2025, Urges Nigeria To Build Crypto Reserve

Business·News·World News

Bitcoin Price Dips Below $64,000 As Crypto Market Sees $209m In Liquidations

There was a notable decline in the cryptocurrency market, with the price of Bitcoin dropping below $64,000 and the liquidation of almost $209 million in long holdings on Thursday. As of right

Emmanuel Ochayi

April 25, 2024

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Business·News

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Many Nigerian states are in a state of chaos due to a widespread fuel scarcity, leaving commuters stuck, transportation costs increasing, and drivers having to wait in long lines at the few

Emmanuel Ochayi

April 25, 2024

Court Dismisses Emefiele's Bid To Stop $4.5bn, N2.8bn Fraud Case

Business·News

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

The Federal Capital Territory high court postponed the trial of Godwin Emefiele, the former governor of the Central Bank of Nigeria, until June 24. Even though neither the prosecution nor the defendant

Emmanuel Ochayi

April 25, 2024

News·Sports

Everton Dents Liverpool’s Premier League Title Hopes

Liverpool's Premier League aspirations in manager Jurgen Klopps' last season in charge of the Reds was dealt a significant blow Wednesday night as Everton defeated them 2-0 at the Goodison Park, reports

Izuchukwu Okosi

April 25, 2024

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Markets·News

NGX: Investors Loose N200bn In Value, ASI Drops By 353.51 Points

The Nigerian stock market, represented by the NGX, faced a downturn today, with pessimism overshadowing buying interests as investors lose N200bn in value. The All-Share Index, a key indicator, plummeted by 353.51

Emmanuel Ochayi

April 24, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This represents a 5.05% devaluation from the N1,234.49/$1 reported on the first day

Emmanuel Ochayi

April 24, 2024

Business·News

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

The Economic and Financial Crimes Commission (EFCC) has filed a new charge against the former Governor of the Central Bank of Nigeria, Godwin Emefiele, at the High Court of the Federal Capital

Emmanuel Ochayi

April 24, 2024

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News - Page 363

NNPC Attributes Fuel Scarcity To Logistics Issues

Naira Falls To N1,420/$1 At Parallel Market, Traders Cite Increased Demand

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

Bitcoin Price Dips Below $64,000 As Crypto Market Sees $209m In Liquidations

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

Everton Dents Liverpool’s Premier League Title Hopes

NGX: Investors Loose N200bn In Value, ASI Drops By 353.51 Points

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

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