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April 21, 2024
Members of the Senate Ad-Hoc Committee investigating the rehabilitation of the Port Harcourt Refinery stated that the facility is about 90% ready.
April 19, 2024
The Nigerian currency, the naira, has crashed against the US dollar as speculations are rife that the CBN is defending the naira with FX reserves
April 19, 2024
The Nigerian Breweries has said that it will conclude the acquisition of majority share in Distell Wines and Spirits by the end of June this year.
April 19, 2024
The Nigerian Ports Authority has obtained $700 million to rehabilitate the Tin-Can Island, the Apapa ports in Lagos, and ports in the south east.
April 12, 2024
Libya overtook Nigeria as Africa's biggest oil-producing country for the month of March, with Nigeria coming second with 1.23mbpd of crude oil daily.
April 12, 2024
Access Bank, Zenith Bank, and two other commercial banks in the country have announced a gross earning of N7.99 trillion for 2023 financial year and FX gains.
April 12, 2024
The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy banning banks from using FX as collateral.
April 12, 2024
More foreign airlines have crashed their airfares further on the Lagos to London routes, attributing it to the rise in naira value against the US dollar.
April 11, 2024
Despite raising its electricity tariffs from N66/kWh to N255, Nigeria is not among West African countries with the highest electricity costs in the region.
April 10, 2024
Currency dealers are in a panic mood as the naira continues to gain against the US following the interventions of the Central Bank of Nigeria in the FX market.