The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The CBN’s Director of...
Nigerian actress, Oluwadarasimi Omoseyin, has been convicted and sentenced to six months imprisonment for spraying and stepping on the new Naira notes at a social event...
The Minister of Power, Chief Adebayo Adelabu has expressed concerns over the poor electricity supply situation in the country caused by a plethora of issues...
Naira has fallen to a record low of N1,515 per dollar following strong demand on the parallel market, also known as the black market,...
The Central Bank of Nigeria (CBN) has ordered commercial banks in the country to sell all excess dollars within their domains latest today, 1...
The naira recovered slightly against the dollar on Wednesday, 31st January 2024 at the official market after it plunged to a record low of N1,482.57/$1 the previous trading...
The Edo State Governor, Mr. Godwin Obaseki, on Wednesday, signed an N228bn agreement with the Infrastructure Corporation of Nigeria (InfraCorp) and AAA Infrastructure Nigeria Limited (Triple...
As part of efforts to curb currency speculation and hoarding in the country, especially by banks, the Central Bank of Nigeria (CBN) has issued new...
Financial analysts have predicted a tale of contrasting outcomes for quoted companies based on their net foreign assets as the naira continued to depreciate against the...
FBN Holdings Plc, a leading financial institution in Nigeria, has appointed businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors....