The naira yesterday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar…
Continue ReadingCategory: Business
Naira Falls To N1,035/$ At Official Market
The Nigerian currency, Naira, experienced a significant drop, reaching N1035.12 against the US dollar at the official Nigerian…
Continue Reading
CBN bars crypto bank account operators from cash withdrawal
Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the…
Continue Reading
Stock Market Recovers, Gains N402bn
The local stock market bounced back yesterday, paring previous session losses, as the market capitalisation surged…
Continue Reading
Naira plunges to N1043.09/$1 at official market
Nigeria’s naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange…
Continue Reading
Port Harcourt refinery ready this month, NNPCL insists
The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains…
Continue Reading
Inflation rate rises to 28.20% for November as Nigerians enter yuletide season
In November 2023, the overall inflation rate rose to 28.20%, surpassing the October 2023 rate of…
Continue Reading
Banks to disconnect non-deposit financial institutions from funds transfers
The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks, and other financial institutions to disconnect switches, payment…
Continue Reading
Banks fail CBN’s stress test on foreign operations
Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation,…
Continue Reading
Nigeria’s Oil Revenue Surges By 83% – NBS Report Says
This is as Nigeria’s foreign trade in the period under review experienced a rise by 53.16…
Continue Reading