The naira fell by 0.98 percent at the official foreign exchange (FX) market on Tuesday following…
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Naira Weakens At Black Market, Rises At Official Window
The naira strengthened at the official window, but weakens at black market on Monday, after the…
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Uncertainty rules currency markets as external reserves rise
There is heightened uncertainty in the currency market over the fortunes of the Naira this week,…
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Naira’s fall: CBN moves against banks for hoarding $5billion
The Central Bank of Nigeria (CBN) hit the nail on the head yesterday. It accused commercial banks of…
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Naira Hits Record Low Of N1348.63/$ In Official Market, Parallel Rate At N1450/$
This record fall, reported on Monday, represents a significant 51.21% drop from the closing rate of…
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Naira Hits New Low Of N1,415/$ At Parallel Market
Nigeria’s currency fell to a record low of N1,416 per dollar at the parallel market following…
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N1.49bn generated from train services in Q3 2023 – NBS
The Nigerian Railway Corporation generated N1.49 billion in revenue from passengers in Q3 of 2023, the…
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NNPCL to pay royalties, taxes from $3.3bn Afrexim loan
The Nigerian National Petroleum Company Limited, on Sunday, said it would prepay future royalties and taxes…
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CBN pays $2bn in outstanding Forex liabilities
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its…
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Oil Giants Secure Approval To Sell Dangote Refinery Fuel, Boosting Industry Momentum
No fewer than seven major oil marketing companies have been selected to sell fuel produced by…
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