Yesterday, the Central Bank of Nigeria (CBN) announced the resumption of dollar sales to bureaux de change (BDCs). This move reversed the sharp depreciation of the...
Aliko Dangote announced that the Nigerian National Petroleum Company Limited (NNPCL) stake in his refinery will be reduced. He announced that it has decreased from 20...
According to a Friday Bloomberg story, the Dangote Petroleum Refinery is expected to import a shipment of Brazilian oil. It stated that this would increase the...
The Central Bank of Nigeria (CBN) has announced the firing of top management of Nigerian Security Printing and Minting Plc (NSPM), appointing Abubakar Minjibr as interim...
For the first time in seven days, the naira saw gains against the United States dollar in both official and parallel foreign exchange markets. According to...
Emzor Pharmaceutical Industries is currently embroiled in a debt scandal following the filing of a winding-up petition by Nova Merchant Bank Limited before the Federal High...
Obafemi Banigbe, a technology business executive and telecommunications expert, has been appointed as the new Chief Executive Officer (CEO) of Emerging Markets Telecommunication Services Limited (EMTS),...
The Central Bank of Nigeria (CBN) has issued a threat to penalise deposit money banks (DMBs) that refuse to accept mutilated naira notes. On Thursday, the...
Cryptocurrency firms operating in the nation have initiated the implementation of a 7.5 percent Value Added Tax on all transactions conducted on their platforms. The development...
Aliko Dangote, the Chairman of the Dangote Group, has expressed his dissatisfaction with the Central Bank of Nigeria (CBN)’s decision to increase the interest rate to...
