Business

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,...

The naira hit the brakes on some of its gains yesterday and the past few weeks selling at N1,050/$1 to the dollar at the parallel market, as the external reserves...

Israel and Iran's conflict may be credited to bolstering the dollar index as it steadied in London trade after surging to 5-½ month highs. The demand for a haven after...

In news reports, the Naira has continued its strong showing in the black market performing at less than NGN1,000 to a dollar in some market segments. Strengthening against major currencies...

The value of the naira appreciated at the parallel market on Thursday, 11 April as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to...

The Chairman of BUA Group of Companies, Alhaji Rabiu Abdulsamad, has expressed confidence that prices of goods in the country would soon start to come down under the present government’s...