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Naira falls to N1,455/$ in parallel market
The Naira yesterday experienced a decline, reaching N1,455 per dollar in the parallel market compared to N1,440 per dollar…
Economic crisis: Come clean with Nigerians; prioritize competence over…
Renowned economist and the Managing Director/CEO of Financial Derivatives Company Limited in Lagos, Bismarck Rewane, has…
Foreign investors interested in Nigeria – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Foreign Portfolio Investors want the country to carry…
36 Oil blocks under concession to International Oil companies—NNPC
Latest data from the Nigerian National Petroleum Company (NNPC) Limited showed that no fewer than 36 oil blocks are under…
Shell set to supply gas to Dangote fertiliser plant
The Shell Petroleum Development Company of Nigeria Limited has concluded plans to supply 100 million standard cubic feet of gas…
No plans to convert $30bn domiciliary deposits to naira – CBN
The Central Bank of Nigeria (CBN) on Saturday said there is no plan to convert $30bn domiciliary deposits to naira.
The Federal…
Nigeria-China trade hits $23bn- Envoy
The representative of the Chinese Ambassador to Nigeria and the Consul General of the People’s Republic of China, Yan Yuqing, has…
JUST IN: FG raises cargo clearance exchange rate to N1,356/$
The Federal Government through the Central Bank of Nigeria has increased the exchange rate for cargo clearance from N952/$ to…
Central Banks should not rush into rate cuts- IMF
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move…
CBN directs banks to sell surplus dollars in 24 hours
The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1,…