Business

CBN speaks on conversion of $30bn domiciliary deposits to naira

The proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank…

10 months ago

Naira appreciates against US Dollar amid CBN intervention

At the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign…

10 months ago

Dangote refinery looks to US for crude oil import – Bloomberg

According to Bloomberg, the Dangote refinery plans to import oil from the US in the upcoming months. Trafigura Group is…

10 months ago

Naira hits historic low, tumbles massively against US dollar at forex market

On Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The…

10 months ago

Why electricity supply dropped nationwide – Power Minister Adelabu explains

Adebayo Adelabu, the minister of power, has revealed the reasons behind the country’s decreased electricity supply. Adelabu attributed the statewide…

10 months ago

Naira depreciates massively against US dollar at foreign exchange market

At the foreign currency market on Thursday, the value of the Naira substantially declined compared to the US dollar. The…

10 months ago

Saudi Arabia to open first alcohol store in capital – Report

According to a source, Saudi Arabia intends to operate its first alcohol store in its capital, Riyadh. This was revealed…

10 months ago

Why petrol pump price will fall in 2024 – CBN governor

Yemi Cardoso, the governor of the Central Bank of Nigeria, has predicted a decrease in fuel prices at the pump in…

10 months ago

Japa: British Council in Nigeria announces fees increase for IELTS

The cost of taking the English Language Testing System, or IELTS, exam for the second time in five months has…

10 months ago

Govt agency to investigate Shell’s pipeline oil spill

According to the Nigerian Oil Spill Detection and Response Agency (NOSDRA), an oil leak at a pipeline controlled by Shell…

10 months ago