The naira, Nigeria‘s currency, has continued to fall across official and unofficial foreign exchange (FX) as speculators scoop dollars amid increased supply. The local currency opened trading on Friday morning with the dollar selling...

A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe. According to data compiled by the business news platform, the refinery has more capacity...

Sanusi Abdullahi Oyelekan. Residents in the parts of Nigeria have called on Federal Government to come to their aid as prices of essential food items went up by at least 30 per cent between...

Thousands of commuters and motorists in Anambra State were stranded on Wednesday following the shouting down of petrol stations across the state. It was gathered that most petrol stations in the major cities of...

The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as the Central Bank of Nigeria stepped up efforts to stem the tide, selling...

The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide. This marks the second such intervention this month by the apex bank. In...

Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation fuel to N940, N980 per litre respectively. This is coming at the wake of its widely celebrated price...

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange. The exchange rate means...

The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of...

About N531.4bn of the Central Bank of Nigeria intervention funds remains unused in the coffers of nine Deposit Money Banks in the country. This came on the heels of the suspension of all CBN...