The verification of assets declared by state governors, their deputies, commissioners and other political office holders across the 36 states of the federation may soon become a source of worry as the Code of...

The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular titled “The use of...

The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged for its members. ABCON...

The Lagos State Government has announced the termination of agreement between them and Messers Bridgeways Global Projects Limited over the much-publised Kantagua Market. It would be recalled that Lagos Government has planned the movement...

The Lagos State Consumer Protection Agency has directed supermarkets and grocery stores in the state to display prices on their products. The agency warned that stores that don’t follow the law risk being fined...

The Nigerian Electricity Regulatory Commission, on Wednesday, approved a sharp increase in electricity tariffs for customers classified under Band A. Some customers of Eko Electricity Distribution Company, EKDC, will be affected by the new...

The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the Nigerian Autonomous Foreign Exchange...

The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N30.81 or 2.35 per cent,...

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was...

The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by N660 against the US dollar since the Governor of the Central Bank of Nigeria,...