News Update As of January 17, 2025, the Nigerian Naira (NGN) has continued to experience some level of volatility against the US Dollar (USD), while this has been the norm for decades now, this...
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BREAKING: CBN unveils digital systems to boost govt efficiency
The Central Bank of Nigeria has unveiled two digital innovations—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution—at an event held on Wednesday, January 15, 2025, at its headquarters in...
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BREAKING: FCMB Appoints New Executive Director, Aims to Drive Innovation
First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive Director, Corporate Services and Service Management. The appointment of Obozuwa followed approval from the Central Bank of Nigeria...
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Nigerian Govt fines 9 banks over scarcity of cash in ATMs
News Update THE Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season. The...
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Depots Jerk Up Petrol Price
News Update Petrol loading costs at depots across Nigeria increased on Monday due to higher crude oil prices. Depots raised prices for petrol and diesel by up to 10%, prompting concerns about potential increases...
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Dollar, Other Foreign Currencies To Naira Rates, Friday
News Update As of January 10, 2025, the Nigerian Naira (NGN) has continued to experience some level of volatility against the US Dollar (USD), while this has been the norm for decades now, this...
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3 Minutes
BREAKING: Dangote refinery builds eight more tanks for imported crude
The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil. A report by Africa Report has it that the refinery is ramping up...
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BREAKING: CBN suspends export proceeds repatriation extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This directive, issued via a circular dated January 8, 2025, applies to...
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3 Minutes
Nigerian Govt Approves Call, Data Tariffs Increase
News Update Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani says telecom tariffs will soon increase but not by 100 per cent. Rising from a stakeholders’ meeting with Mobile Network Operators (MNOs)...
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Dollar, other foreign currencies to Naira Rates, Monday
News Update THE Nigerian Naira (NGN) has continued to experience some level of volatility against the US Dollar (USD),other foreign currencies while this has been the norm for decades now, this largely to some...
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