Business

The chairman and president of the Dangote Group, Aliko Dangote has raised concerns about the Central Bank of Nigeria's (CBN) high interest rate saying it can discourage investment and impede...

The Central Bank of Nigeria (CBN) has said it will take tough actions against Deposit Money Banks (DMBs) that reject old and small denominations of the US dollar. In a circular...

As the Dangote Petrochemical Refinery brand of Premium Motor Spirit (petrol) is anticipated to hit the local market in two to three weeks, marketers have expressed concerns that the product’s...

The Naira yesterday, 01 July appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last week Friday. However, the Naira depreciated to N1,508.99 per dollar in...

The governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has called for regulations to strengthen anti-money laundering and cybersecurity crimes within the West African Monetary Zone (WAMZ). At...

The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Number (BVN) linked alternate accounts of some defunct Heritage Bank customers are delaying the payment of their...

The Crude Oil Refineries Association of Nigeria (CORAN) has raised its voice in support of Dangote Oil Refinery and Petrochemicals Limited over allegations that local crude producers including the international...

The foreign exchange (FX) inflows to the economy rose to $24 billion in the first quarter of 2024 according to the Central Bank Governor Olayemi Cardoso. Speaking in an interview...

The All-Share Index on Tuesday, 25 June dropped to 0.09 per cent or 87 points to close at 99,217.60, compared to 99,304.12 recorded on Monday. The domestic exchange aped a...

With the advent of monetary tightening policies by the Central Bank of Nigeria (CBN), illiquidity in the banking system in Nigeria hits a new high in just three weeks of...