CBN postpones September MPC meeting
The Central Bank of Nigeria (CBN), on Thursday, announced the indefinite postponement of the September version of its bi-monthly Monetary...
CBN digitises licensing application and approval for microfinance banks
The Central Bank of Nigeria (CBN), on Wednesday in Abuja unveiled a new online platform for the submission licence applications...
Tinubu nominates Cardoso as CBN governor (see names of four deputy governors)
President Bola Tinubu has approved the nomination of Dr Olayemi Cardoso to serve as the new Governor of the Central...
FG: No plans to increase taxes
The Federal Government says it has no plans to increase taxes or add to the burdens of the country’s tax...
Access Bank launches custody services as part of expansion strategy
Access Bank Plc has, as part of its expansion strategy, launched custody services to offer safekeeping and servicing of financial...
CBN raises interest rate from 18.5% to 18.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Monday, raised the country’s Monetary Policy Rate...
$2.5bn annual loss to gas flaring: Reps invite Total, Mobil, Oando, Ardova, others
Speaker of the House of Representatives, Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate alleged $9.05 billion revenue...
Naira drops, exchanges at N769.25 to dollar
The Naira, on Friday, dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated...
IPMAN denies plan to hike petrol to N700 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied an alleged plan by the association to increase pump price...
Nigeria’s public debt hits N49trn
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion ($108.30 billion). According...
Naira appreciates by 1.79% at Investors, Exporters window
The Naira, on Tuesday, appreciated against the dollar at the Investors and Exporters window exchanging at N756.61. The Naira gained...
Naira exchanges N702.19 at Investors, Exporters window
Naira, on Thursday, lost against the dollar at the Investors and Exporters window, exchanging N702.19 to the dollar. The local...
Naira drops by 40.78% at Investors, Exporters window
Naira, on Wednesday, depreciated against the dollar at the Investors and Exporters window, exchanging N664.04 to the dollar. The local...
Subsidy removal: TUC urges FG to revert to status quo
The Trade Union Congress (TUC) has urged the Federal Government to revert to status quo ante its decision to remove...
NIMASA gets Reps support to disburse CVFF
The Nigerian Maritime Administration and Safety Agency (NIMASA) has received support from the House of Representatives to disburse the $360...
We won’t fix petrol prices again – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for...
Fuel subsidy not budgeted for in 2023 budget – NNPC
Alhaji Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has said that contrary to speculations, the immediate...
Official! Pump price of PMS now N557 per litre (see table)
The Nigerian National Petroleum Company Limited (NNPC Ltd), on Wednesday, adjusted the pump price of Premium Motor Spirit (PMS) across...
NNPC Limited: Scrapping of fuel subsidy payment will allow us function as a commercial entity
Hours after President Bola Ahmed Tinubu announced the scrapping of fuel subsidy payment, the Nigerian National Petroleum Company (NNPC) Limited...
Senate passes Bill to make CBN advances to FG 15%, extends implementation of N819bn supplementary budget to Dec 31
The Senate has passed a bill seeking to amend the Central Bank of Nigeria (CBN) Act to increase its advances...
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