The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s interest rate at 27.50%. CBN Governor Olayemi Cardoso announced the...
The naira has recorded its strongest appreciation against the dollar in recent days at the parallel foreign exchange market. A Bureau de Change operator in Wuse...
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to step down immediately. The directive was issued on Monday in a...
The National Bureau of Statistics (NBS) is set to release its much-anticipated Consumer Price Index (CPI) rebasing report today, highlighting an average inflation rate of 24.48%...
Africa’s richest man, Aliko Dangote, has described his $23 billion Dangote Refinery project as the “biggest risk” of his life, shedding light on the immense challenges...
The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the bank shares to...
Dangote Petroleum Refinery and Petrochemicals has announced a further reduction in the price of diesel, lowering it from ₦1,075 per litre to ₦1,020 per litre at...
The Central Bank of Nigeria (CBN) has introduced revised transaction fees for Automated Teller Machine (ATM) services, set to take effect on March 1, 2025. In...
Nigeria spends approximately N1.57 trillion monthly on crude oil production, translating to about N18 trillion annually, according to findings from The PUNCH. Industry operators have expressed...
The naira recorded a notable gain against the dollar in the parallel market over the past week, appreciating by three percent to close at N1,570/$1 on...
