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...
Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a...
In an effort to provide an affordable alternative and reduce the cost of transportation, the federal government has released a list of locations across the country...
Dangote Petroleum Refinery and Petrochemicals has issued a tender for an additional 11 million barrels of US crude oil over the next six months due to...
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign...
Banking recapitalisation got unto the fast-lane with four banks jostling to raise more than N1 trillion in the first cluster of offers. This is expected to...
Naira today, Sunday, July 7 2024, is exchanging 1,534.905 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s...
* Depots reportedly hike price to N710/litre By Francesca Hangeior. Fresh queues for Premium Motor Spirit, popularly called petrol, surfaced in Abuja, parts of Niger...
The pound advanced Friday after Britain’s centre-left Labour Party clinched an expected landslide election victory to end 14 years of right-wing Conservative rule. London’s benchmark FTSE...
