The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1510 and sell at N1520 on Wednesday...
The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United States dollar bills. CBN threatened that...
The existing notes were to remain valid until January 31, 2023. This move sparked widespread debate and discussion across the country. In 2022, a controversy erupted...
The Presidency on Saturday denied claims that it will run four budgets in the 2024 fiscal year. This came as the President’s Senior Special Assistant on...
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank....
Stakeholders say they are optimistic about the future of sustainable transportation, envisioning a greener, more efficient road transport system. With fuel subsidy gone, the Nigerian government...
The Central Bank of Nigeria (CBN) yesterday suspended its FX Price Verification System (PVS) portal, effective July 1. The discontinuation came 10 months after the portal’s...
Nigerian equities continue on the downward trend yesterday as profit-taking transactions on mid and large cap stocks overshadowed gains by the majority of traded stocks. Benchmark...
Dangote Group has accused International Oil Companies (IOCs) operating in the country of deliberately sabotaging Dangote Refinery’s plan to roll out petrol into the market. According...
The Nigerian Communications Commission (NCC) has said 100 per cent of the SIM cards used in the country are manufactured locally. Head of New Media and...
The Foreign Trade in Goods Statistics (Q1 2024) released by the National Bureau of Statistics (NBS) shows that Nigeria recorded a trade surplus of N6.52 trillion in...
The Securities and Exchange Commission (SEC) has released a framework designed to support the Central Bank of Nigeria’s (CBN) bank recapitalization programme. This framework, published on...
Commercial crude oil production started in Nigeria in 1956 but local crude oil refining did not start until 1965 when the first crude oil refinery was...
Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar....
Access Bank PLC has finalized the acquisition of BancABC Tanzania, consolidating its operations in East Africa as part of its expansion strategy. This achievement comes after...
The European Commission on June 12 announced additional tariffs of up to 38.1 percent on China-made electric vehicles (EVs) for what it claims to be an...
Aliko Dangote, the Chairman of Dangote Group, has revealed that his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as...
On the future of Wema, Unity and Polaris banks, the Central Bank of Nigeria has said there is no plan to revoke their licences. The acting...
The Naira appreciated in the parallel market to N1,485 per dollar from N1,490 per dollar on Monday. However, the Naira appreciated to N1,473.66 per dollar in...
BlackRock, one of the world’s leading asset managers, has announced its decision to liquidate its iShares exchange-traded funds (ETFs) valued at $400 million in Nigeria and...
