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...

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on (Saturday) April 20th, 2024 during a press conference...

Nigerian oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set for production on the directives of the...

The Naira appears to be up against a fresh threat from two crypto exchange platforms, just six weeks after the clamp down on Binance operations in Nigeria. The national currency had slumped badly in...

The Securities and Exchange Commission (SEC) has disclosed that the process of raising funds from the capital market for the purpose of banking system recapitalisation will commence this quarter. Director-General of the SEC, Lamido...

At least 100,000 nano-enterprises throughout the nation have begun receiving the first installment of N50,000 from the Presidential Conditional Grant Scheme, also referred to as the Trade Grants Scheme. This information was disclosed by...

In specific terms, the Nigerian Autonomous Foreign Exchange Market (NAFEM) reported the Naira closing at N1,072.74/$1 on Wednesday. This marked a substantial appreciation of 6.6% or N75.40 compared to the previous day’s rate of...

The Nigerian Ports Authority (NPA) is set to receive a $700 million loan from Citibank, which is to be funded by the UK Export Finance (UKEF). The fund is meant to revamp the Apapa...