The Central Bank of Nigeria (CBN) has dispelled claims suggesting that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal...
The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the...
The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited under the naira-for-crude sale agreement, officials of the...
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast to 2.9% for 2024, citing several challenges, including insecurity in oil-producing regions, the effects of...
The Central Bank of Nigeria (CBN) has once again extended the suspension of processing fees on cash deposits above N500,000 for individuals and N3,000,000 for corporates...
FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment is...
The Executive Board of the International Monetary Fund (IMF) has completed the Review of Poverty Reduction and Growth Trust (PRGT) Facilities and Financing, the IMF’s vehicle...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said weak naira presents an opportunity for the country to boost its exports to...
By Mario Deepromoter WHEN we look at this month, USD was traded at ₦1690 at the beginning of this October on Tuesday, October 1, 2024. As...
The Nigerian naira has tumbled to an unprecedented low, trading at N1,700 per dollar in the parallel market on October 14, 2024. This marks a 0.29%...
The Federal Government says it has adopted 88 international standards for Compressed Natural Gas products to bolster the ongoing rollout of various CNG initiatives across the...
The naira continued its downward spiral against the dollar at the foreign exchange market following another round of fuel price increases by the Nigerian National Petroleum...
By Mario Deepromoter The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please...
The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The...
By Mario Deepromoter The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please...
The Governor, Central Bank of Nigeria, CBN, Mr Olayemi Cardoso, has said that the apex bank under him took the bold step of floating the Naira...
The Central Bank of Nigeria (CBN) says as part of move to address volatility in the forex market, it sold a total of US$543.5 million in...
By Mario Deepromoter The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at...
In a major shift aimed at reforming the Nigerian Foreign Exchange Market (NFEM), the Central Bank of Nigeria (CBN) has announced the introduction of the Electronic...
Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East. Prices jumped after US...
