JUST IN: AGAIN, DANGOTE SLASHES DIESEL, AVIATION FUEL PRICES TO N940, N980
Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively....
NAIRA DEPRECIATES TO N1,250/$ IN PARALLEL MARKET
In the parallel market yesterday, the value of the Naira depreciated to N1,250 per dollar from N1,140 per dollar that it was on Thursday In...
FG SET TO UNBUNDLE 11 DISCOS, ORDERS THE SALE OF FOUR
Due to their size, which frequently leads to inefficiency, Nigeria's power distribution corporations are presently being divided up along state lines, the Federal Government announced...
EMPTY ATMs: CUSTOMERS CLAIM BANKS CONSPIRE WITH PoS OPERATORS TO EXTORT NIGERIANS
By Ajape Sefiu A. A growing number of Automated Teller Machines (ATMs) that are "temporarily unable to dispense cash" have led to accusations from the...
THERE’LL BE UPS AND DOWNS, BUT WE’RE WORKING TO STABILISE NAIRA — CBN
The Central Bank of Nigeria (CBN), has reiterated its commitment to attaining a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor stated this during...
DOSUNMU MARKET: SUSPENSION ORDER REMAINS IN FORCE – LAGOS GOVT
The Lagos State Government has reaffirmed that the suspension order on Dosunmu Market and its environs following the recent fire incident is still in place....
FG AGENCY BLAMES MULTIPLE TAXES, OTHERS FOR HIGH COST OF GOODS
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs....
CBN NOT USING FOREIGN RESERVES TO DEFEND NAIRA — CARDOSO
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, declared yesterday that the apex bank is not defending the Naira with the...
IMF APPROVES $820N BAILOUTS FOR EGYPT ECONOMY
The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the...
NEWS UPDATE: CBN SLASHES CUSTOMS FX DUTY RATE BY 5.3% AS NAIRA STABILIZES
The Central Bank of Nigeria (CBN) has further reviewed downward the Customs Foreign Exchange duty rate from N1,630.159/$ to N1,544.081/$ on Monday, March 04, 2024,...