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Naira gains N116.84 on increased dollar supply
The Nigerian naira experienced an appreciation against the U.S. dollar on Wednesday, buoyed by an increase in dollar liquidity in the official…
BREAKING: Nigeria now considered safe for aircraft leasing as CTC compliance score increases
The Aviation Working Group (AWG) has increased Nigeria’s Cape Town Convention (CTC) compliance index score from 49 percent to 70.5…
CBN to hold 297th MPC meeting September 23
The Central Bank of Nigeria has announced that its 297th Monetary Policy Committee meeting will be held on September 23 and 24, 2024.
The two-day event is scheduled for the bank’s headquarters in Abuja.
According to a…
CBN Constitutes New Board For Keystone Bank, Appoints Additional Executive Directors
The Central Bank of Nigeria (CBN) has constituted a new board of directors for Keystone Bank Limited (the bank) as part of the strategy to strengthen the bank’s operations for sustained business growth.
The apex bank also…
Marketers yet to lift Dangote petrol from NNPC over price
Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt.
Oil marketers under the aegis of the Independent Petroleum…
NNPCL/Dangote: Fresh dispute emerges over supply volume
More controversy has emerged in the execution of a sale-purchase deal on premium motor spirit, otherwise known as petrol, between the Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery.
Findings…
Binance sets two conditions before ‘registering’ under Nigeria’s SEC crypto program
The cryptocurrency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for…
Bank CEOs, chairmen with unpublished accounts for 12 months to go, says CBN
The Central Bank of Nigeria (CBN) is set to wield the big stick against Chief Executive Officers (CEOs) and chairmen of banks who fail to publish their annual financial statements of account 12 months after the end…
Presidency Denies Asking Central Bank Governor Cardoso To Resign Over Naira Fall
The Presidency has refuted claims that President Bola Tinubu requested the resignation of the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, due…
Some powerful forces bent on preserving fuel importation in Nigeria – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) says some powerful forces are bent on preserving fuel importation in Nigeria.…
Why oil marketers can’t import petrol – NNPC
The Nigerian National Petroleum Company (NNPC) Limited says oil marketers cannot import or buy petrol from Dangote refinery because the business…
The Observer, world’s oldest Sunday newspaper, up for sale
The world’s oldest Sunday newspaper, The Observer, could be sold to an online startup media group, its owner of more than 30 years announced Tuesday.
The Guardian Media Group said in a statement that it is in…
Fuel subsidy removal poses risk to external reserve growth – CBN
The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025.…
It’s Suicidal For Dangote Refinery To Sell Petrol Below Cost Price – Rewane
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says it is suicidal for Dangote Refinery to sell petrol below its production cost.
Rewane stated this on Channels Television’s…
Confinement Of Binance Executive Threatens Nigeria-US Bilateral Relations – US Lawmaker
A United States (US)legal representative, James Hill (R-AR) has cautioned the Nigerian Government that the prolonged custody of Binance Executive,…
BREAKING: CBN defies N’Assembly, maintains 5% ways and means advance limit
The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025.
The latest development is contrary to a bill…
Polaris Bank announces new board, appoints Kassim Gidado as chairman
The Central Bank of Nigeria has appointed members of the board of directors for Polaris Bank.
The bank, in a statement on Tuesday, said the board will be headed by Kassim Gidado as the chairman.
Other non-executive…
President Tinubu Orders CBN Gov, Cardoso To Resign Over Naira Steep Fall
Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of…
Inside details of why diesel traders bought less of Dangote products
Fresh findings have revealed why only about three percent of local oil marketers have patronised Dangote Petroleum Refinery since it commenced…
FG sets to exploit $7trn global Halal market
The Federal Government will on Wednesday launch a comprehensive strategy to position Nigeria as a leading player in…
Foreign companies outpace locals in tax payments to Nigeria on weak naira boost
Nigeria’s foreign exchange (FX) unification policy, implemented by the Central Bank of Nigeria (CBN) in June 2023, aimed to simplify the country’s multiple exchange rate system by consolidating it into a single…
Nigeria’s inflation rate slows for the second consecutive month to 32.15% in August – NBS
Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points.
This represents the second consecutive monthly slowdown…
Nigerians brace for higher petrol prices as Dangote, NNPC Ltd’s standoff escalates
Hopes for a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, have been shattered as the Nigerian…
NNPCL Releases Another Statement Showing Altered Figures In Petrol Prices Breakdown From Dangote…
The Nigerian National Petroleum Company Limited (NNPCL) has altered the breakdown of the estimated price of petrol bought from the Dangote refinery.
SaharaReporters had reported that a press statement issued by the…