CBN SEEKS GOVERNORS’ BACKING FOR ONGOING MONETARY REFORMS
Agency Report The Central Bank of Nigeria (CBN) has appealed to state governors across the country to support its ongoing monetary policy reforms aimed at...
DANGOTE REFINERY YET TO CURB NIGERIA’S 15BN-LITRE PETROL IMPORTS
Notwithstanding enhanced refining capacity, Nigeria imported 69 percent of the 21 billion liters of gasoline it utilized between August 2024 and the initial ten days...
DANGOTE TO SELL 10% STAKE IN REFINERY, TARGETS NGX LISTING
Africa’s richest man, Aliko Dangote, has announced plans to sell up to 10 percent of his multibillion-dollar petroleum refinery and list it on the Nigerian...
FCT HIGH COURT FIXES NOVEMBER 13 FOR HEARING IN APO RESETTLEMENT MARKET DISPUTE
By Aishat Momoh. O. The High Court of the Federal Capital Territory (FCT), Maitama Division, has fixed November 13, 2025, for the hearing of a...
CBN, BANK OF ANGOLA SIGN AGREEMENT TO BOOST CROSS-BORDER FINANCIAL RELATIONS
The Central Bank of Nigeria and the Bank of Angola have formalized a Memorandum of Understanding aimed at enhancing bilateral collaboration, facilitating knowledge exchange, and...
PETROL NEARS N1,000 PER LITRE AS MARKETERS MOVE TO IMPORT FUEL AMID DANGOTE REFINERY SUPPLY GLITCH
By Aishat Momoh. O. Petrol prices in Nigeria have surged close to the ₦1,000 per litre mark amid worsening supply constraints and production hiccups at...
CBN SAYS ALTERNATIVE PAYMENT CHANNELS LIFTING RURAL, UNDERSERVERED NIGERIANS
The Central Bank of Nigeria (CBN) has characterized alternative payment systems as an essential support mechanism for rural populations and marginalized communities throughout the nation....
DOLLAR TO NAIRA EXCHANGE RATE, OCTOBER 8, 2025
The naira experienced a decline in value on Wednesday as the official market and parallel rates diverged. The volume-weighted rate in the Nigerian Foreign Exchange Market (NFEM)/Central Bank of Nigeria (CBN) was approximately ₦1,465...
NNPC BOSS BLAMES COOKING GAS PRICE HIKE ON STRIKE-INDUCED SUPPLY DISRUPTION
By Aishat Momoh. O. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, has attributed the recent...
CARDOSO ASSURES YOUTHS CBN WILL SUSTAIN ECONOMIC STABILITY, TRANSPARENCY
By Sunmisola Shodayo The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured the youth of Nigeria that the central bank will...