The Central Bank of Nigeria (CBN) has suspended the extension of export proceeds by banks on…
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Telecom tariff to rise but not by 100% —Minister
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced that telecom tariffs will…
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Naira’s free fall threatens 2025 fiscal plan
A tough fiscal year 2025 appears to be underway following the tall order in currency valuation…
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CBN slams N1.2m daily limit on PoS agents
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily…
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Naira appreciates to N1,660/$ in parallel market
The naira had a turbulent trading week as the exchange rate to the dollar experienced sharp…
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CBN sets $100,000 minimum trade for banks on forex platform
The Central Bank of Nigeria (CBN), has set a minimum trade value of $100,000 for interbank…
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CBN pegs minimum trade on new electronic FX system at $100,000
The CBN yesterday pegged the minimum foreign exchange trade on the Electronic Foreign Exchange Matching System (EFEMS)…
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Import licence: Dangote Refinery’s suit incompetent, NNPCL tells court
The Nigeria National Petroleum Corporation Limited, NNPCL, has filed a preliminary objection to challenge the suit…
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NNPCL executes gas sale agreement with Dangote refinery
The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas…
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Value of unsold goods rises 357.6% to N1.24trn — MAN
The declining purchasing power of consumers has led to a 357.57 per cent rise in the…
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