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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Petrol: Banks creating N3.5trn loan for imports
Banks are set to increase funding of petrol importation to N3.5 trillion as more marketers move…
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Marketers sue Dangote, insist on petrol import
Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have…
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Petrol Price: Marketers set to import cheaper products
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, on Monday insisted that the price…
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Pressure mounts on naira, falls to N1,740 in parallel market
There are indications that the local currency is set to fully reverse its gains as the…
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