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The Nigerian National Petroleum Company Limited has dismissed reports of an explosion at the Port Harcourt Refining Company in Rivers State, describing the incident as a minor flare event that posed no threat. In a statement on Wednesday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, clarified that there was no explosion at the facility and
Hot SourceAt the close of trading on Wednesday, the naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed. According to CBN data, the naira traded as high as 1545/$ and the lowest rate of 1500/$, which
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At the close of trading on Wednesday, the naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed. According to CBN data, the naira traded as high as 1545/$ and the lowest rate of 1500/$, which
Hot SourceA new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe a reduction in lending rates would be best for the economy. The survey, conducted in February 2025, highlights public perception of key economic indicators, including inflation, interest rates, exchange rates, and economic confidence
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A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe a reduction in lending rates would be best for the economy. The survey, conducted in February 2025, highlights public perception of key economic indicators, including inflation, interest rates, exchange rates, and economic confidence
