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New exchange rates from the investors and exporters (I&E) window have replaced the outdated exchange rate listed on the Central Bank of Nigeria’s (CBN) website. As...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed that three oil marketers will start importing petroleum products from next month. Farouk Ahmed, chief...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window...
Nigeria’s transportation industry is about to experience relief after the federal government’s petrol subsidy removal spiked exponential rise in the price of the product across the...
The Central Bank of Nigeria, CBN, has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as...
The Federal Government approved and signed permits on Tuesday for the establishment of two crude oil export terminals, which have the potential to bring in $11 billion...
Globus Bank Limited has suffered a heavy blow as hackers withdraw customers’ funds worth N1.755 billion from the financial institution after it suffered a system glitch....
The Nigerian stock market hits its highest level record since July 2008 on Tuesday, the first day of trading after the suspension of the Central Bank...
Investors who took positions in Dangote Cement’s stock in 2020 and exited June 31, 2023 harvested 140.26 per cent returns through capital appreciation and 11.11 per...
Now that subsidy is gone, what is the plan? Subsidies play a significant role in shaping economic policies in many countries, including Nigeria. Subsidies are government...
