FX CHANGE: CBN ANNOUNCES SALE OF $20,000 TO EACH BDC AT N1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country...
APAPA RECORDS SURGE IN EXPORT VOLUMES, PLANS 2ND EXPORTERS FORUMS
According to APM Terminals Apapa, its half-year (H1'24) non-oil cargo export data were 51,000 Twenty Equivalent Units (TEUs), a rise of 7.8% Year-on-Year (YoY) from...
NEW CBN INTEREST RATE WILL INCREASE UNEMPLOYMENT – SMALL BUSINESS OWNERS
The Monetary Policy Rate (MPR) of the Central Bank of Nigeria (CBN) has been criticized by small business owners as unfavorable and likely to cause...
ECOWAS APPROVES DESIGN FOR $15bn LAGOS-ABIDJAN HIGHWAY PROJECT
The $15bn Lagos-Abidjan Corridor Highway Development Project's design has been approved by members of the Economic Community of West Africa States (ECOWAS). While giving the...
LCCI URGES GOVT TO ACCELERATE ENERGY REFORMS, TRANSPARENT FX, OTHERS TO COMBAT INFLATION
The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to accelerate its energy reform and more transparent foreign exchange management to...
FOREIGN EXCHANGE: EXTERNAL RESERVES HIT 22-MONTH HIGH TO $37.31 BILLION – CBN
Nigeria's external reserves have reached a 22-month high of $37.31 billion, indicating considerable foreign inflows into the country's economy. According to data from the Central...
SENATOR OLUREMI TINUBU SUPPORTS 1,000 LAGOS PETTY TRADERS WITH N50M GRANT
...As Sanwo-Olu's Wife Applauds Nigeria First Lady's Efforts in Empowering Citizens The First Lady of Nigeria and National Chairman of the Renewed Hope Initiative...
JUST IN: CBN INSISTS ON 5% WAYS AND MEANS CAP
For the 2024–2025 fiscal years, the Central Bank of Nigeria (CBN) has decided to keep the cap on Ways and Means Advances to the Federal...
OYO GOVT REABSORB TRADERS IN NEW BOLA IGE INTERNATIONAL MARKET
The Oyo State Government said it has accommodated former occupants into the redeveloped Bola Ige International Business Complex, New Gbagi, Ibadan. Commissioner for Trade,...
DANGOTE DEBUNKS RUMOUR ON SALE OF PMS AT N898 TO NNPCL
The Dangote Refinery located in Lagos has denied selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman...