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,...

Foreign airlines operating in Nigeria have begun to unblock their low-priced fares on Nigerian routes as the Central Bank of Nigeria completes the payment of about $7bn backlog, which includes over $700m unremitted ticket...

The exchange rate between the naira and the dollar closed at N1,300 per dollar on Wednesday on the official market, which analysts say is the strongest performance against the dollar in eight weeks. Information...

The top five banks have a shortfall of N1.5 trillion to meet the new minimum capital base announced yesterday by the Central Bank of Nigeria, CBN for international commercial banks. In a statement yesterday,...

Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth in reports that the dollar is now selling at N1,000 at parallel market. There...

The Abuja foreign exchange market is experiencing a period of volatility following recent announcements by the Central Bank of Nigeria (CBN). Inconsistent pricing and cautious optimism characterize the parallel market, where traders are grappling...