BREAKING: CBN to resume sale of dollars to BDCs The Central Bank of Nigeria has announced measures to reintroduce Bureau de Change Operators in Nigeria into...
CBN introduces FX price verification portal for importers The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal for...
Naira gains at official market, trades 740.67/$ The naira strengthened to the dollar on Thursday after closing at 740.67/$ on the Investor & Exporter forex window....
Tony Elumelu’s Transcorp takes over Abuja DisCo management Transnational Corporation (Transcorp Plc) has acquired a 60 per cent interest in Abuja Electricity Distribution Company. With the acquisition,...
First Bank Holdings appoints Otedola non-executive director First Bank of Nigeria (FBN) Holdings has named billionaire businessman, Mr Femi Otedola, as a non-executive director. The company...
Forex: NNPCL secures $3bn emergency oil repayment loan The Nigerian National Petroleum Corporation Limited says it has secured a $3 billion crude oil repayment loan to...
Naira gains after CBN announced intervention plan The naira appreciated against the dollar at the parallel market on Tuesday, exchanging at N925/$. The naira had exchanged...
Air travel faces threat as aviation workers begin strike today The National Union of Air Transport Employees (NUATE) has directed all its members in the aviation...
Nigeria’s inflation rises for seventh consecutive month, hits 24.08% Nigeria’s inflation has risen for the seven consecutive time to 24.08 per cent, according to the latest...
NNPC: No plans for fresh increase in fuel price The Nigerian National Petroleum Company Limited (NNPCL) has asked Nigerians to ignore speculations about a fresh increase...