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Naira falls to N1,680/$ in parallel market
The Naira depreciated to N1,680 per dollar in the parallel market yesterday, down from N1,655 per dollar on Tuesday.
In the…
CBN sells $20,000 to each BDC at ₦1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each eligible Bureau De Change (BDC) operator in the…
Petrol prices will drop if Dangote Refinery sells directly to us –…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says petrol prices will drop once the oil marketers…
Again, CBN hikes interest rate, gives reason
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which…
FG to supply 12million Barrels Crude to Dangote Refinery in October
The Federal Government has reached an agreement with Dangote Refinery to supply 12 million barrels of crude oil to the facility in…
‘All countries have gotten rid of it,’ Aliko Dangote backs fuel…
Founder of Dangote Petroleum Refinery, Aliko Dangote, has said now is the right time for government to stop payment of fuel…
Tariff hike looms as monthly power subsidy hits N181billion
Electricity customers on Band A feeders may face a potential tariff increase due to a rising electricity tariff shortfall,…
External reserves hit 22-month high to $37.31bn — CBN
Nigeria’s external reserves have reached a 22-month high of $37.31 billion, indicating substantial foreign inflows into the…
CBN clears air on alleged reintroduction of suspended cybersecurity level
The Central Bank of Nigeria (CBN) says it has not reintroduced the cybersecurity levy that was previously suspended.
Recall…
Rail transport generated N1.69bn in Q2 – NBS
The Nigerian rail system generated N1.69bn in passenger revenue during the second quarter of 2024, marking a 53.14% increase…