Business

Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234 trillion, which was an 89.3 per cent increase...

Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation fuel to N940, N980 per litre respectively.  This is coming in the wake of...

Some petroleum product marketers say they are currently facing difficulty in securing bank loans to finance the lifting of diesel and aviation fuel in larger volumes from the Dangote Refinery...

It is proving a rough week for the Niara as it depreciates further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as...

Stakeholders have recently raised alarm about Nigeria’s poor showing in the $14 trillion global shipping industry. The immediate past president of the Ship Owners Association of Nigeria (SOAN) Dr Mkgeorge...

Banks are reportedly in the throes of back-to-back meetings to close on recapitalization plans ahead of the April 30 deadline for submissions of implementation strategies to the Central Bank of...

The Naira appreciated on the official FX window yesterday, even as it depreciated on the parallel market Specifically, on the official Nigerian Autonomous Foreign Exchange (NAFEM) window yesterday, the naira...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday, Wednesday, 17 April reiterated the apex bank’s stance of not intervening in the foreign exchange (FX) market. He...

Dangote Petroleum Refinery has announced a further reduction in the pump price of Automotive Gas Oli (AGO) otherwise known as diesel from N1200 to N1,000 per litre. The company said...

The Central Bank of Nigeria (CBN) maintained Cash Reserve Ratio (CRR) at 32.5 per cent in 2023, Zenith Bank Plc and nine other banks’ restricted deposits increased to N17.1 trillion,...