Naira crashes to one week low at official exchange now N1,234.49/$1
The exchange rate between the Naira and Dollar declined to a week-to-date low of N1,234.49/$1 on the official NAFEM window Monday. This…
Economy
FG, states, LGAs share N1.123trn in March
Alex Omenye The Federation Account Allocation Committee has disclosed the distribution of N1.123 trillion to various levels of government in March 2024,…
Why Nigeria should be removed from FATF’s grey list – Stakeholders
Stakeholders are requesting that Nigeria be removed from the grey list of the Financial Action Task Force to reduce high transaction costs…
Nigeria’s FX reserves shrink linked to debt repayments – CBN
The Central Bank of Nigeria has thrown more light on the reasons for the notable decline in the nation’s foreign exchange reserve,…
BDCs now buy dollar at N980, sell N1,020 – President
The Association of Bureaux De Change Operators of Nigeria President, Aminu Gwadabe, has said BDC operators now sell US dollars at N1,020/$…
FG pays N600bn monthly on fuel subsidy – Rainoil CEO
The CEO of Rainoil Limited, Gabriel Ogbechie, has declared that the federal government has resumed the payment of subsidy on petrol following…
Nigeria’s FDI dropped by $19bn in 10 years – Minister
The Foreign Direct Investments into Nigeria dropped by $19bn in 10 years, from $22.7bn in 2014 to $3.7bn in 2023. This disclosure…
Nigeria becomes world’s highest CRR country — Ecobank official
The Head, of the Group Corporate Banking and Chief Operating Officer, at Ecobank Transactional, Dr. Bunmi Bajomo, has said, that Nigeria has…
Long queues resurface at filling stations as marketers blame supply hitch
Long queues at gas stations in Lagos and Ogun began to form again, causing concern about the imminent scarcity of fuel. Petroleum…
Naira sells at N1262 against dollar
The naira, on Wednesday, continued its gain against the United States dollar, appreciating both at the official foreign exchange and parallel markets,…
NNPCL denies reducing fuel pump prices
The Nigerian National Petroleum Company Limited has debunked claims that it has reduced the pump prices of petrol and diesel. In a…
CBN sells N1.64 trillion in treasury bills
The Central Bank of Nigeria successfully conducted an auction of Nigerian Treasury Bills on March 27, 2024, which saw a substantial amount…