Ola Simeon, Author at Freedom Online https://freedomonline.com.ng/author/olasimeon/ ...express yourself Thu, 20 Aug 2026 07:38:41 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png Ola Simeon, Author at Freedom Online https://freedomonline.com.ng/author/olasimeon/ 32 32 Naira loses N7.09 at official market https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-loses-n7-09-at-official-market https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/#respond Thu, 20 Aug 2026 07:38:41 +0000 https://freedomonline.com.ng/?p=283046 The Naira, on Wednesday, depreciated at the official market trading at N1,350.41 to a dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira lost N7.09. This represented a 0.5 per cent loss when compared to Tuesday when it traded at N1,343.32 per dollar. The loss is coming […]

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]]> https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/feed/ 0 Apapa Customs generates N28.1bn in 24 hours https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/?utm_source=rss&utm_medium=rss&utm_campaign=apapa-customs-generates-n28-1bn-in-24-hours https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/#respond Thu, 20 Aug 2026 07:35:07 +0000 https://freedomonline.com.ng/?p=283043 The Apapa Area Command of the Nigeria Customs Service (NCS) says it generated N28.1 billion in 24 hours, its highest single-day revenue collection to date. The Customs Area Controller of the command, Comptroller Emmanuel Oshoba, disclosed this in a statement by the Public Relations Officer, Isah Sulaiman, and made available to newsmen on Wednesday in […]

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]]> https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/feed/ 0 FG re-opens three bonds valued at N1.1trn for subscription https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/?utm_source=rss&utm_medium=rss&utm_campaign=fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/#respond Thu, 13 Aug 2026 15:55:32 +0000 https://freedomonline.com.ng/?p=282654 The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of three FGN bonds valued at N1.1 trillion for subscription at N1,000 per unit. According to a statement by the DMO on Thursday in Abuja, the first offer is January 2035 FGN Bond valued at N250 billion (10-year re-opening), at […]

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]]> https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/feed/ 0 Nigeria exceeds OPEC quota for third month https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-exceeds-opec-quota-for-third-month https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/#respond Thu, 13 Aug 2026 06:49:59 +0000 https://freedomonline.com.ng/?p=282629 Nigeria surpassed its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in July 2026, official data have shown. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its July crude oil production statistics released on Wednesday. According to the commission, Nigeria produced 1.505 million barrels of crude […]

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]]> https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/feed/ 0 Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/#respond Wed, 05 Aug 2026 20:10:04 +0000 https://freedomonline.com.ng/?p=282238 The Central Bank of Nigeria (CBN) says Nigeria’s domestic economy expanded by 3.87 per cent in 2025, an improvement over the 3.38 per cent recorded in 2024. The CBN said this in its recently released annual report for the 2025 fiscal year. According to the apex bank, broad-based growth followed gains from the continuing implementation […]

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]]> https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/feed/ 0 FGN offers two savings bonds for subscription at N1,000 per unit https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/?utm_source=rss&utm_medium=rss&utm_campaign=fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/#respond Mon, 03 Aug 2026 11:18:11 +0000 https://freedomonline.com.ng/?p=282123 The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of two FGN bonds for subscription at N1,000 per unit. According to the DMO, the first offer is two-year FGN Savings Bond due Aug. 12, 2028 at interest rate of 13.96 per cent per annum. The second offer is a […]

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]]> https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/feed/ 0 Naira ends July weaker, closes at N1,368.22 per dollar https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/?utm_source=rss&utm_medium=rss&utm_campaign=naira-ends-july-weaker-closes-at-n1368-22-per-dollar https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/#respond Sat, 01 Aug 2026 06:40:43 +0000 https://freedomonline.com.ng/?p=282027 The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 against the dollar on Friday. Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N1.49, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday. The […]

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]]> https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/feed/ 0 Equities market dips by N13bn due to profit-taking https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/?utm_source=rss&utm_medium=rss&utm_campaign=equities-market-dips-by-n13bn-due-to-profit-taking https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/#respond Sat, 01 Aug 2026 06:33:54 +0000 https://freedomonline.com.ng/?p=282025 The Nigerian equities market closed lower on Friday as investors lost N13 billion following profit-taking in several medium and large-cap stocks. The decline was driven by sell-offs in Fortis Global Insurance, CAP Plc, Veritas Kapital Assurance, Vitafoam Nigeria, The Initiates Plc and 24 other equities. Market capitalisation dipped by N13 billion, or 0.01 per cent, […]

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]]> https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/feed/ 0 NNPC records N535bn profit after tax for June https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/?utm_source=rss&utm_medium=rss&utm_campaign=nnpc-records-n535bn-profit-after-tax-for-june https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/#respond Fri, 31 Jul 2026 20:07:07 +0000 https://freedomonline.com.ng/?p=282013 The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded N535 billion Profit After Tax (PAT) for the month of June, representing 15.8 per cent increase from the N462 billion recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026, released on […]

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]]> https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/feed/ 0 CBN retains all policy rates https://freedomonline.com.ng/cbn-retains-all-policy-rates/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-retains-all-policy-rates https://freedomonline.com.ng/cbn-retains-all-policy-rates/#respond Tue, 21 Jul 2026 22:21:41 +0000 https://freedomonline.com.ng/?p=281497 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent. The CBN Governor, Mr Olayemi Cardoso, made this known while presenting the communique from the 306th meeting of the committee on Tuesday in Abuja. Cardoso, who […]

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]]> https://freedomonline.com.ng/cbn-retains-all-policy-rates/feed/ 0 External reserves stand at $52bn – Cardoso https://freedomonline.com.ng/external-reserves-stand-at-52bn-cardoso/?utm_source=rss&utm_medium=rss&utm_campaign=external-reserves-stand-at-52bn-cardoso https://freedomonline.com.ng/external-reserves-stand-at-52bn-cardoso/#respond Tue, 21 Jul 2026 22:09:28 +0000 https://freedomonline.com.ng/?p=281491 Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to $52.52 billion. Cardoso said this on Tuesday in Abuja, while presenting a communique issued at the end of the 306th meeting of the apex bank’s Monetary Policy Committee (MPC). He had earlier announced the decision of […]

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]]> https://freedomonline.com.ng/external-reserves-stand-at-52bn-cardoso/feed/ 0 Asharami, Italia, Blueridge, Blackrock, Rosem Energy, 26 others win oil, gas blocks in Nigeria’s Licensing Round https://freedomonline.com.ng/asharami-italia-blueridge-blackrock-rosem-energy-26-others-win-oil-gas-blocks-in-nigerias-licensing-round/?utm_source=rss&utm_medium=rss&utm_campaign=asharami-italia-blueridge-blackrock-rosem-energy-26-others-win-oil-gas-blocks-in-nigerias-licensing-round https://freedomonline.com.ng/asharami-italia-blueridge-blackrock-rosem-energy-26-others-win-oil-gas-blocks-in-nigerias-licensing-round/#respond Tue, 21 Jul 2026 22:04:09 +0000 https://freedomonline.com.ng/?p=281489 Thirty one companies have emerged winners of 37 oil and gas blocks following a keenly contested bidding process at the 2025 Licensing Round held in Abuja. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the successful bidders at the commercial bid conference held on Tuesday. A total of 143 companies had submitted 200 bids for […]

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]]> https://freedomonline.com.ng/asharami-italia-blueridge-blackrock-rosem-energy-26-others-win-oil-gas-blocks-in-nigerias-licensing-round/feed/ 0 Naira ends week stronger at official market https://freedomonline.com.ng/naira-ends-week-stronger-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-ends-week-stronger-at-official-market https://freedomonline.com.ng/naira-ends-week-stronger-at-official-market/#respond Sat, 18 Jul 2026 10:36:41 +0000 https://freedomonline.com.ng/?p=281312 The Naira ended the trading week stronger on Friday, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market. Data published on Friday by the Central Bank of Nigeria (CBN) showed the local currency gained N1.34 compared with Thursday’s closing rate of N1,381.52 per dollar. The latest appreciation represented a 0.09 […]

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]]> https://freedomonline.com.ng/naira-ends-week-stronger-at-official-market/feed/ 0 June Allocation: FG N923.438bn, states N838.208bn, councils N591.390bn https://freedomonline.com.ng/june-allocation-fg-n923-438bn-states-n838-208bn-councils-n591-390bn/?utm_source=rss&utm_medium=rss&utm_campaign=june-allocation-fg-n923-438bn-states-n838-208bn-councils-n591-390bn https://freedomonline.com.ng/june-allocation-fg-n923-438bn-states-n838-208bn-councils-n591-390bn/#respond Thu, 16 Jul 2026 05:43:08 +0000 https://freedomonline.com.ng/?p=281148 The Federation Account Allocation Committee (FAAC) has shared N2.550 trillion among the Federal Government, States and the Local Government Councils for the month of June. Mr Bawa Mokwa, the Director, Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), said this in a statement on Wednesday in Abuja. Mokwa said […]

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]]> https://freedomonline.com.ng/june-allocation-fg-n923-438bn-states-n838-208bn-councils-n591-390bn/feed/ 0 Nigeria meets 104% of OPEC quota as production soars https://freedomonline.com.ng/nigeria-meets-104-of-opec-quota-as-production-soars/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-meets-104-of-opec-quota-as-production-soars https://freedomonline.com.ng/nigeria-meets-104-of-opec-quota-as-production-soars/#respond Mon, 13 Jul 2026 12:38:40 +0000 https://freedomonline.com.ng/?p=280976 Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month. According to the crude statistics, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, in the month under review, crude oil production hit 1. […]

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