The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee […]
The President, Major General Muhammadu Buhari (retd.), has on Monday signed the 2021 Supplementary Appropriation Bill into law. The Senior Special Assistant to the President of the National Assembly (House of Representatives), Umar El-yakub, revealed […]
Investment announcements in Nigeria fell to $1.69bn in the second quarter of this year from $8.41bn in Q1, indicating a decline of about 80 per cent, a new report by the Nigerian Investment Promotion Commission […]
The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per kilogramme, forcing some Nigerians to turn to alternatives such as charcoal, kerosene and firewood amid […]
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies […]
The number of females in the board and management positions in the banking industry is still lower than the threshold set by the Central Bank of Nigeria (CBN), seven years after the directive. At the […]
The power firms, mostly private entities, may have gotten about N1.5 trillion funds from the Central Bank of Nigeria (CBN) in the past seven years, helping the sector stay afloat. However, experts and power consumers […]
Oando Plc has entered into a settlement with the Securities and Exchange Commission in the overriding interest of the shareholders of the Company and the capital market. This was contained in a Circular released by the […]
The Central Bank of Nigeria (CBN) has licensed three firms to exclusively import sugar into Nigeria. The licence restricts all dealers from accessing foreign exchange for sugar importation. In a public statement published on Friday […]
It was hailed as the best thing to happen in the oil and gas sector especially in Nigeria – a serial importer of crude products. The year was 2013 and in September of that year, […]
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