The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the benchmark interest rate at 27 per cent. CBN Governor, Olayemi Cardoso,...
The Central Bank of Nigeria, CBN, has issued a definitive directive detailing how financial holding companies should calculate their minimum paid-up capital, following weeks of confusion...
The Nigerian Naira recorded massive week-on-week losses against the United States dollar at the official foreign exchange market. The Central Bank of Nigeria’s exchange rate showed...
The Naira bounced back, recording an appreciation against the United States dollar at the official foreign exchange market after hitting its lowest point this week. Data...
The Naira recorded its first appreciation against the United States dollar at the official foreign exchange on Tuesday this week. The Central Bank of Nigeria’s data...
Dangote Sugar Plc has announced Mr Thabo Mabe, a South African, as its new Group Managing Director and Chief Executive Officer. This follows the sudden resignation...
The Naira recorded its second consecutive depreciation against the United States dollar at the foreign exchange market on Tuesday to continue the bearish trend this week....
President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in...
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol from ₦865 to ₦992 per litre, marking a fresh hike that has...
The Central Bank of Nigeria has directed Deposit Money Banks and other financial institutions to refund customers for failed Automated Teller Machine transactions within 48 hours,...