ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a significant leadership shakeups. These appointments affect crucial areas...
ADVERTISEMENT ADVERTISEMENT The Minister of Industry, Trade and Investment, Jumoke Oduwole, says Nigeria has secured $50.8 billion in investment deals as of November 2024. She made...
ADVERTISEMENT ADVERTISEMENT The naira is exchanging for ₦1,500 to 1 US Dollar at the parallel market (black market) in Nigeria. This means that for every one...
ADVERTISEMENT ADVERTISEMENT Nigeria’s strategy to reduce its dependence on oil is proving effective, with the non-oil sector contributing 95.40 percent to the gross domestic product (GDP)...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has set its sights on reducing inflation to a single digit in the medium to long term, following...
ADVERTISEMENT ADVERTISEMENT The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Wednesday, stated that no law prohibits Nigerian National Petroleum Company Limited (NNPCL) from importing...
ADVERTISEMENT ADVERTISEMENT The Federal Government’s (FG) deficit spending saw a 15 percent reduction month-on-month (MoM), falling to N908.13 billion in November 2024 from N1.07 trillion in...
ADVERTISEMENT ADVERTISEMENT The Nigerian naira has shown a trend of appreciation against the dollar for three consecutive days in the parallel foreign exchange market, finishing the...
ADVERTISEMENT ADVERTISEMENT The World Bank’s Country Director for Nigeria, Dr. Ndiame Diop, has confirmed that Nigeria remains the largest economy in Africa by Gross Domestic Product...
ADVERTISEMENT ADVERTISEMENT The official naira black market exchange rate in Lagos and FCT, Abuja today including the Black Market rates, Bureau De Change (BDC), and CBN...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria, CBN, has issued guidelines for the sale of foreign exchange (FX) to Bureaux De Change, BDC, operators. The modalities...
ADVERTISEMENT ADVERTISEMENT The Bank of England, on Thursday, reduced its key interest rate by a quarter point to 4.5 percent to help support weak British growth...
ADVERTISEMENT ADVERTISEMENT Bureau De Change (BDC) sources in Gwarimpa and Gwagwalada in FCT buy a dollar for N1685 and sell it for N1700 on Thursday, February...
ADVERTISEMENT ADVERTISEMENT …found diverting funds The Central Bank of Nigeria (CBN) has announced that it will suspend the dealership licenses of any Bureau de Change (BDC)...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has extended the timeframe for eligible bureau de change (BDC) operators to access the Nigerian Autonomous Foreign Exchange...
ADVERTISEMENT ADVERTISEMENT The official naira black market exchange rate in Lagos and FCT, Abuja today including the Black Market rates, Bureau De Change (BDC), and CBN...
ADVERTISEMENT ADVERTISEMENT Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the...
ADVERTISEMENT ADVERTISEMENT About 91 per cent of loans obtained from banks by companies are performing, the Central Bank of Nigeria (CBN) has said. In its latest...
ADVERTISEMENT ADVERTISEMENT The Association of Licenced Telecommunications Operators of Nigeria has announced that telecommunications companies will fully introduce new tariffs by March. Gbenga Adebayo, chairman of...
ADVERTISEMENT ADVERTISEMENT The Adamawa State chapter of the Independent Petroleum Marketers Association of Nigeria has warned of a possible industrial clash with the Nigeria Customs Service....
