Category: featured

CBN denies issuing new policy on Forex

By Wilson Adekumola   The Central Bank of Nigeria has debunked reports going viral on...

Transcorp-led investors acquire 60% stake in Abuja DisCo

Abuja Electricity Distribution Company has been purchased by a group of investors led by Transcorp Power...

Naira recovers, trades N850 per dollar at black market

The naira recovered against the US dollar on the parallel market, closing at 850/dollar on...

NNPCL secures $3bn emergency oil loan for naira relief

Juliet Buna The NNPC Limited on Wednesday disclosed that it has signed a Commitment Letter...

Oil marketers push for fuel subsidy removal suspension

  Following importers’ difficulty to obtain US dollars and the effects this was having on...

Tinubu considering ‘temporary subsidy’ on petrol – Reports

  President Bola Tinubu is contemplating the implementation of a “transitory subsidy” on petroleum in...

Nigeria’s inflation hits 24.08% – NBS

The National Bureau of Statistics has revealed that Nigeria’s inflation rate rose to 24.08 per...

NNPCL denies rumoured petrol price hike

  Kazeem Owoseni Following the reports of an alleged hike in the price of premium...

Banks may reconsider customer loans over naira slump – Security Firm

An analysis by a security firm, Cordros Securities shows that the release of foreign exchange is...

CBN considers new measures to stabilize naira

Kazeem Owoseni     The Central Bank of Nigeria has expressed its readiness to take...

Marketers suggest N720/liter, halt fuel imports over forex crisis

Oil marketers said on Sunday that the price of Premium Motor Spirit, also known as...

GAIA demands single-use plastic ban to reduce pollution

The Global Alliance for Incinerator Alternatives, a multinational network dedicated to achieving a waste-free future...