The Central Bank of Nigeria (CBN) has adjusted the Customs foreign exchange rate for cargo clearance at Nigeria’s air and seaports. This change follows the naira’s recent rally across forex
Read MoreBy springnewsng Media Limited The National Oil Spills Detection and Response Agency (NOSDRA) has confirmed an oil spill at Obololi community, Southern Ijaw Local Government Area of Bayelsa State. The
Read MoreBy SpringNewsNG Media Limited Recent moves by PZ Cussons Nigeria to convert its $34.3 million (N51.8 billion) debt to equity have generated mixed reactions from shareholders. The company recently unveiled
Read MoreRefinery owners in Nigeria have called on the Federal Government to immediately halt the importation of Premium Motor Spirit (PMS), commonly known as petrol, citing the availability of over 500
Read MoreThe Central Bank of Nigeria (CBN) has reported a significant rise in Nigeria’s broad Money Supply (M²), which reached N110.97 trillion in January 2025. This marks a substantial increase compared
Read MoreThe Nigeria Deposit Insurance Corporation (NDIC) has announced the successful and transparent auction of the defunct Heritage Bank’s assets, including landed properties and chattels. The proceeds from the ongoing sales
Read MoreBy SpringsNewsNG | February 18, 2025 The global food price index has experienced a slight decline in January 2025, primarily due to drops in the international prices of sugar and
Read MoreBy SpringsNewsNG | February 18, 2025 The Nigerian Education Loan Fund (NELFUND) has announced that the 2024/2025 student loan application portal will officially open on Saturday, February 22, 2025, as
Read MoreBy SpringsNewsNG | February 18, 2025 Nigeria’s crude oil production has risen to 1.75 million barrels per day (BOPD), with gas output at 7 billion standard cubic feet per day
Read MoreBy SpringsNewsNG Nigeria’s non-oil export sector is underperforming, but the sharp depreciation of the naira has created an illusion of growth. While figures in local currency paint a picture of
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