The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a...
The naira took a hit against the dollar on Tuesday, with FMDQ data showing a significant weakening to N1611.34 per dollar, a N25.57 loss from Monday’s...
In a notable development amid the ongoing fuel scarcity in the country, Dangote Refinery has commenced the production of Premium Motor Spirit (PMS). This comes as...
Opening the week, investors’ interest in Tier-one banking stocks further extended gains of the Nigerian stock market capitalisation by N123 billion or 0.22 per cent. Gains...
The Dangote Petroleum Refinery is set to commence the sale of Premium Motor Spirit (PMS), also known as petrol, following a recent test run of the...
British energy giant Shell plans to cut hundreds of jobs from its oil and gas exploration division as part of a cost-cutting program announced last year,...
A Federal High Court in Abuja has issued subpoenas to the Governor of the Central Bank of Nigeria (CBN) and the Head of its Legal Services...
Minister of Aviation and Aerospace Development, Festus Keyamo, has signed a strategic Memorandum of Understanding (MoU) with Boeing to facilitate aircraft acquisition by Nigerian airlines. During...
Nigeria’s foreign capital inflow fell to $770 million in April 2024, marking a 57.22 per cent drop from the $1.80 billion recorded in March 2024. The...
The Central Bank of Nigeria (CBN) has lifted its suspension on bank borrowing from its Standing Lending Facility (SLF). Following the 296th Monetary Policy Committee (MPC)...
