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Jonathan NwokporThe proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank of Nigeria or CBN. The CBN reacted in response to
Read MoreJonathan NwokporAt the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign exchange market due to the Central Bank of Nigeria’s recent
Read MoreJonathan NwokporAccording to Bloomberg, the Dangote refinery plans to import oil from the US in the upcoming months. Trafigura Group is anticipated to sell the Dangote refinery 2 million barrels of
Read MoreJonathan NwokporOn Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The Naira dropped from N891.90 on Friday to a record low
Read MoreJonathan NwokporAdebayo Adelabu, the minister of power, has revealed the reasons behind the country’s decreased electricity supply. Adelabu attributed the statewide decline in electricity supply to thermal generating businesses’ gas restrictions.
Read MoreJonathan NwokporAt the foreign currency market on Thursday, the value of the Naira substantially declined compared to the US dollar. The Naira dropped from N882.24 per dollar on Wednesday to N900.96
Read MoreJonathan NwokporAccording to a source, Saudi Arabia intends to operate its first alcohol store in its capital, Riyadh. This was revealed to Reuters on Wednesday by sources aware of the development.
Read MoreJonathan NwokporYemi Cardoso, the governor of the Central Bank of Nigeria, has predicted a decrease in fuel prices at the pump in 2024. Cardoso clarified that the government- and privately-owned refineries that
Read MoreJonathan NwokporThe cost of taking the English Language Testing System, or IELTS, exam for the second time in five months has increased, according to the British Council in Nigeria. The council
Read MoreJonathan NwokporAccording to the Nigerian Oil Spill Detection and Response Agency (NOSDRA), an oil leak at a pipeline controlled by Shell Petroleum Development Company of Nigeria Ltd (SPDCC) would be investigated.
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