The Dangote Petroleum Refinery and other domestic refineries have yet to start the purchase of crude oil in naira as directed by President Bola Tinubu. It...
The Central Bank of Nigeria (CBN) has granted approval for financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This...
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61 million, the lowest since January 2024. This...
Elon Musk revived a lawsuit on Monday against OpenAI, accusing its co-founders Sam Altman and Greg Brockman of betraying the artificial intelligence company’s founding mission. The...
Operators of modular refineries are facing a major setback as they encounter resistance from the Nigerian National Petroleum Company (NNPC) in a bid to secure alternative...
The Nigerian Communications Commission has issued a directive to all telecommunications operators in the country, mandating them to restrict the number of available tariff plans to...
The Central Bank of Nigeria may print or wire over N746bn as a loan to the Federal Government based on the Ways and Means provision of...
Nestle Nigeria Plc has recorded another half-year loss after tax, following the foreign exchange reform introduced by the Central Bank of Nigeria. Nestle posted a N176.9bn...
The naira continued its decline against the dollar on the foreign exchange market on Monday. FMDQ data showed that the naira further weakened by N2.11 to...
Equity investors on the Nigerian Exchange Ltd. (NGX) experienced a significant loss of N1.32 trillion in the just concluded week. The downward performance was driven by...
The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management...
Oando PLC has denied allegations on social and digital media that it owns a blending plant in Malta. The energy company also denied importing dirty fuel...
Guinness Nigeria Plc has released its audited financial statements for the year ended June 30, 2024. Guinness Nigeria Plc loss for the year came in higher...
The Federal Government has reiterated that the principal officers of banks who refuse to comply with the law on the windfall tax on banks’ foreign exchange...
The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plans to enter Nigeria’s steel industry...
Many Nigerians, especially those engaged in foreign trade, travel, and investment, always tend to be very sensitive and inquisitive about the US dollar-to-naira exchange rate....
The Central Bank of Nigeria (CBN) has issued revised guidelines for the management of dormant accounts, unclaimed balances, and other financial assets in banks and financial...
The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the demand for...
The naira appreciated on Tuesday for the first time in the week. FMDQ data showed that the naira gained slightly to N1,576.66 against the dollar at...
By Francesca Hangeior. The latest report of the National Bureau of Statistics (NBS) has said that inflation rate increased from 33.95% in May 2024 to...
