Naira seen extending gains as African currencies hold steady

Nigeria’s currency is expected to strengthen further against the U.S. dollar in the coming week, supported by robust foreign exchange inflows and sustained dollar sales to bureau de changes (BDCs), traders said on Thursday. The naira has recently firmed across markets, narrowing the gap between official and parallel exchange rates. On the official market, the […]

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PENGASSAN

PENGASSAN warns Tinubu’s order on NNPC revenues could lead to job losses

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that President Bola Tinubu’s executive order directing oil revenues to be paid directly into the federation account could undermine the Nigerian National Petroleum Company (NNPC) Limited’s financial structure and put jobs at risk.

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