Nigeria’s petrol landing cost has dropped to ₦900.28 per litre, a 3.62% reduction from the previous ₦936.75. Despite this, the retail price remains at ₦1,060. Imported petrol, cheaper than domestically refined products, highlights concerns over local refining costs amid fluctuating crude oil...
President Bola Ahmed Tinubu has appointed Nwakuche Sylvester Ndidi as Acting Controller-General of the Nigerian Correctional Service, effective December 15, 2024. Ndidi, a seasoned professional with a proven track record, is tasked with driving reforms, improving staff training, and enhancing...
The Naira has depreciated in the parallel market, trading at N1,668 per dollar on December 12, 2024, down from N1,600. Meanwhile, in the official market, the Naira appreciated to N1,534.6 per dollar. The widening gap between the parallel and official exchange rates poses challenges for Nigeria's...
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