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Naira Holds Firm Against Dollar in Official, Black Market  ‎The Nigerian Naira remained steady against the US dollar on Friday, June 27, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira exchanged […] The post Naira Holds Firm Against Dollar in Official…Read More

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Foreign Investment in NGX Jumps by 88% to N118.9bn   Foreign portfolio investment on the Nigerian Exchange Limited (NGX) rose in May, climbing by 88.54 per cent to N118.91bn from N63.07bn recorded in April 2025. This is according to the latest Domestic and Foreign Portfolio Investment Report published by Nigerian Exchange Limited…Read More

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Nigeria Exports 82% of Crude Oil as Local Refineries Struggle   Amid cries of crude shortage by local refineries in Nigeria, the country exported 82 per cent of its crude oil in the first quarter of 2025. According to a report published by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) only 18 per cent of […] The post Nigeria Exports 82% of Crude Oil as Local Refineries Struggle appeared first on Economic Confidential…Read More

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Senate Slams NNPCL for Rejecting N210trn Audit Investigation   The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023. Despite being summoned…Read More

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