Tag: #MarketConfidence
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NIGERIA SAVES ₦6TN IN FUEL IMPORTS AMID DOWNSTREAM REFORMS
Bold economic moves and deregulation are reshaping Nigeria’s fuel sector. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says full downstream deregulation and forex reforms have saved Nigeria over ₦6 trillion in fuel import losses in the first nine months of 2025. Speaking at the Nigeria International Energy Summit (NIES) 2026 in Abuja, NMDPRA…
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NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
