Business & Economy
NNPC records petroleum product sale of ₦234.63bn in March
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from ...
Business & Economy
FOREX: BDCs still providing services – ABCON
Association of Bureaux De Change Operators of Nigeria (ABCON) has assured members of the public that Bureaux De Change (BDCs) are still providing ...
Business & Economy
CBN directs banks to set up teller points at branches for forex sales to customers
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale ...
Business & Economy
Naira falls to N522/$1 after CBN forex ban on BDCs
The naira has lost N17 to close at N522/$1 at the parallel market, a day after the Central Bank of Nigeria (CBN) stopped ...
Business & Economy
CBN disburses N156.33 billion to DISCOs, others to boost power supply
The Central Bank of Nigeria (CBN) has disbursed N156.33 billion to Distribution Companies (DisCos) to boost electricity supply in the country. This was ...
Business & Economy
Naira slides to 505/$ as CBN stops forex sale to BDCs
The naira fell slightly to the dollar at the parallel market a few hours after the Central Bank of Nigeria on Tuesday announced ...
Business & Economy
Nigeria’s capital importation fell to $875.62m in Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter ...
Business & Economy
BREAKING: CBN stops forex sales to Bureau De Change operators, retains lending rate
The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. ...
Business & Economy
Wall Street opens higher on megacap tech boost, strong earnings
Wall Street’s main indexes opened higher on Friday (July 23), helped by megacap technology stocks and strong earnings from social media companies Twitter ...
Business & Economy
BREAKING: CBN to launch digital currency by October
The Central Bank of Nigeria with its stakeholders outlined its digital currency initiative via a private webinar held on Thursday. The Nigerian Central ...