Naira exchanges for N1,280/$ on parallel market The naira was sold for N1,280 per dollar at the parallel section of the foreign exchange (FX) market on...
Port Harcourt-Aba train now to begin operations April, connects two seaports The Federal Government says the launch of the Port Harcourt-Aba train service will take place...
CBN raises commercial banks’ capital base to N500bn The Central Bank of Nigeria (CBN) has increased the minimum capital requirements for commercial, merchant and non-interest banks....
Tinubu orders creation of single-digit tax system President Bola Tinubu has directed a creation of a single-digit tax system with a maximum of nine taxes for...
Naira gains further against dollar The Naira rose further in the official market on Tuesday, trading at N1,382.95 to the dollar. According to data from the...
CBN jacks up interest rate amid soaring inflation The Central Bank of Nigeria (CBN) on Tuesday raised the interest rate from 22.75 per cent to 24.75...
Law enforcement agencies investigating $2.4bn unverified forex claims – CBN The Central Bank of Nigeria (CBN) says law enforcement agencies are investigating $2.4 billion unverified foreign...
CBN directs BDCs to sell dollars at N1,251/$1 The Central Bank of Nigeria (CBN) has sold dollars to Bureau De Change operators at the rate of...
FRSC, sister agencies form JTF to arrest truck drivers conveying humans The Federal Road Safety Corps (FRSC) has inaugurated a Joint Task Force (JTF) with sister...
Naira can appreciate below ₦1,200/$ with CBN right policies – Rewane The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has expressed optimism that the...