Page 98 – Independent Digital News Network

Oil Prices Climb as Naira Steadies After MPR Cut

Global oil prices rose while the naira held firm after the CBN’s interest rate cut. Analysts say Nigeria’s external buffers and rising output are easing market pressure.

Naira Comeback on Carry Trade and Softer Dollar

IDNN8 months ago8 months ago0

The naira rallied this week, buoyed by carry trade inflows and a weaker U.S. dollar. Analysts say CBN’s policy easing has boosted investor appetite for Nigerian assets.

CBN Rate Cut: OPS Says Relief Still Marginal

IDNN8 months ago8 months ago0

The Central Bank of Nigeria cut rates for the first time in five years, lowering the MPR to 27%. But the Organised Private Sector says relief remains marginal for businesses battling high borrowing costs.

Actors Guild of Nigeria Lagos Calls Urgent Meeting Over Industry Crisis

IDNN8 months ago8 months ago0

The Actors Guild of Nigeria Lagos chapter has called an urgent meeting to address mounting industry concerns, signalling deepening cracks in Nollywood’s creative unions.

Nigeria’s overnight lending rate falls 100 bps

IDNN8 months ago8 months ago0

Nigeria’s overnight lending rate fell by 100 basis points this week, reflecting excess liquidity after the CBN’s policy easing and growing confidence in monetary stability.

Oil Marketers Push Back Otedola’s Call to Scrap Depots

IDNN8 months ago8 months ago0

Oil marketers have rejected Femi Otedola’s call to restructure and scrap depots, saying billions invested cannot simply be written off amid the Dangote refinery shakeup.

Dangote Trucks Alone Cannot Solve Fuel Distribution, Marketers Say

IDNN8 months ago8 months ago0

Oil marketers say Dangote Refinery’s 4,000 trucks alone cannot serve Nigeria’s fuel needs, calling for inclusion of existing depot and retail infrastructure in distribution plans.

TUC President Osifo: Nigeria’s Refineries Worked But Ran at Loss

IDNN8 months ago8 months ago0

TUC president Festus Osifo insists Nigeria’s refineries did function but at a loss, calling for 51% private control to improve efficiency and end recurring shutdowns.

Controversy Over NUPRC’s Proposed Role as Oil Concessionaire

IDNN8 months ago8 months ago0

The Federal Government’s plan to make the NUPRC concessionaire of oil blocks, displacing NNPC Ltd, has triggered opposition from stakeholders who warn of conflict of interest and legal risks.

Oil Workers Warn FG’s JV Stake Sale Could Bankrupt NNPC Ltd

IDNN8 months ago8 months ago0

By IDNN Energy Desk The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers...

PSG Reach Third UEFA Champions League Final After 1-1 Draw With Bayern Munich

Ola Aina Doubtful for Nottingham Forest’s Europa League Semi-Final Second Leg Against Aston Villa

Falconets Ready to Finish the Job in Malawi After First Leg Win Over U-20 Women’s Team

Oil Prices Climb as Naira Steadies After MPR Cut

Naira Comeback on Carry Trade and Softer Dollar

CBN Rate Cut: OPS Says Relief Still Marginal

Actors Guild of Nigeria Lagos Calls Urgent Meeting Over Industry Crisis

Nigeria’s overnight lending rate falls 100 bps

Oil Marketers Push Back Otedola’s Call to Scrap Depots

Dangote Trucks Alone Cannot Solve Fuel Distribution, Marketers Say

TUC President Osifo: Nigeria’s Refineries Worked But Ran at Loss

Controversy Over NUPRC’s Proposed Role as Oil Concessionaire

Oil Workers Warn FG’s JV Stake Sale Could Bankrupt NNPC Ltd