FG moves to avert fuel crisis, to pay N100 billion bridging claims soon – IPMAN
There are moves to avert crisis in the downstream sector of the petroleum industry as the Independent Petroleum Marketers Association...
Supporting an “undervalued” naira is “necessary” – Rewane clarifies naira defense comment
Economist Bismark Rewane has backed the Central Bank of Nigeria’s (CBN) foreign exchange policies, stating that supporting an undervalued currency...
Naira appreciates to N1,514/$1 in parallel market as CBN leaves banks with huge dollar liquidity
The naira's strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market...
CBN orders Nigerian Banks to cut insider loans within six months
Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk...
BDCs implementation of CBN forex policy strengthens naira to N1,545/$1 in the black market – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has praised its members for the effective implementation of the...
Naira appreciation: There is a lot of forex inflow into the interbank window – BDC operators
The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the...
NNPCL imports over 200 million Litres of Petrol in February despite refinery overhaul
A report tracking the movements of motor tanker vessels, which monitors cargo tanks entering the country, revealed that the Nigeria...
CBN waives 2025 licence renewal fee for existing BDC operators
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC)...
FirstBank exits 100 Senior Staff members in major reorganizational shakeup
FirstBank, the oldest bank in Nigeria and part of FBN Holdings’ entities has exited close to 100 senior staff members...
“Naira closes at ₦1,537/$1, weakest pre-Xmas day rate ever
The exchange rate between the naira and dollar closed N1,537/$1 on Christmas eve gaining one naira from the prior day...
