The Presidential Initiative on Compressed Natural Gas (P-CNGI) Programme Director, Michael Oluwagbemi, on Thursday, June 27, announced a 50% conversion cost reduction for transporters. Represented by Tosin Coker during the stakeholders’ event of the...

Ongoing bank recapitalisation will not be business as usual, Central Bank of Nigeria (CBN) said yesterday. He hinted that the conditions will be tough to ensure that all banks that scale the hurdles will...

The Naira lost value in the parallel market, moving from N1,495 per dollar last weekend to N1,505 per dollar today. In a similar vein, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the value...

Justice Inyang Ekwo of the Federal High Court in Abuja has dismissed the fundamental rights enforcement suit filed by the Africa regional manager of Binance Holdings Limited, Nadeem Anjarwalla, against the federal government. In...

The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. This, according to him, will enable the refinery to have a...

The founder of Dangote Group, Aliko Dangote, has revealed that he has paid off $2.4bn of the $5.5bn loan for his $19bn Lagos-based refinery. The Africa’s richest man also alleged that powerful oil cartels...

The Naira on Tuesday further appreciated at the official market trading at N1,473.66 to the dollar. Data from the official trading platform of the FMDQ Exchange showed that the Naira gained N9.96. This represents...

The Central Bank of Nigeria has again reassured the banking public of the safety of their deposits and the banking system’s resilience. The apex bank’s Acting Director of Corporate Communications Department, Mrs Hakama Sidi-Ali,...

The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity, Polaris, Wema, and Unity Banks. This clarification came amidst concerns about the stability of...

The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign...