The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for…
Category: Business
Dangote raises petrol prices near N960
News Update THE Dangote Petroleum Refinery has confirmed an increase in the price of Premium Motor Spirit, PMS, also known as petrol, to its customers. This was contained in an email statement…
Dollar to Naira Rate, Friday
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…
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…
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…
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…
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…
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…
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…
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,…