FX: Naira weakens at I&E window
Naira weakened significantly against the United States dollar on the Investors and Exporters (I&E) window on Wednesday, data posted on…
Six Companies Receive Approval To Import Petroleum Products
The Federal Government, on Monday, said six new companies have received approval to import petroleum products into Nigeria. The Managing…
CBN Removes Cash Deposit Restriction On Domiciliary Accounts, Permits Up To $10,000 Withdrawals Daily
The Central Bank of Nigeria (CBN) has declared the removal of cash deposit limitations on domiciliary accounts, saying account holders…
Naira depreciates as CBN commences rates harmonisation, faces supply hurdle
The Central Bank of Nigeria (CBN) may have embraced the painful, but realistic path to foreign exchange rate convergence, adopting…
Nigeria’s oil export storage capacity increases by 4m barrels
The Federal Government, yesterday, offered its first terminal establishment licences under the Petroleum Industry Act (PIA) to Nigeria National Petroleum…
Gov Sule says Buhari spent over $19bn used for Dangote refinery in failed attempts to revive Nigeria’s refineries
Governor Abdullahi Sule of Nassarawa State says the government of ex-President Muhammadu Buhari spent more than the $19 billion used…
We Have Not Devalued Naira, Says Nigeria’s Central Bank; Describes Contrary Report As ‘Outright Falsehood’
The Central Bank of Nigeria has called on the public to disregard the news report published by the Daily trust…
While Oil production climbed to 1.5m barrels, GDP dropped in Q1 2023 – NBS
Nigeria’s oil production of crude oil has increased to an average of 1.51m barrels per day in the first quarter…
CBN announces revocation of licences of 139 microfinance banks, others [FULL LIST]
The Central Bank of Nigeria (CBN) has revoked the licences of 139 microfinance banks in the country, as well as…
Dangote Refinery: Aliko Dangote speaks on reason for venturing into oil business
For Africa’s richest man, Aliko Dangote, it is about determination and doggedness, steeped in fortitude that is today yielding dividends….
E-Business in Nigeria (What is obtainable)
By Chidinma Prisca Elebe ([email protected]) The latest trend in commerce is the ability to do business online. Online business commonly…
The Digitization of Africa’s Biggest Economy Sequel Naira Redesign and 2023 Presidential Election
By Ikenna Igwe The modern world we find ourselves in today is one that is fast becoming digitized in every…
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Cheers as Gov. Mbah joins 2024 Coal City Marathon, promises world-class marathon
…Says it’s opportunity for talent discovery, sports, fitness …Participants win big Governor of Enugu State, Dr. Peter Mbah, has received…
Akwa Ibom Governor, Eno Receives Ibiono Ibom House Member Back To PDP
…our governor’s exemplary leadership inspired my return – Hon. Essien Akwa Ibom State Governor, Pastor Umo Eno, has described the…
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