President of Dangote Refinery, Alhaji Aliko Dangote, has vowed to frustrate the importation of fuel into the country. He said that if importers continue neglecting his product in favor of foreign markets,…
Category: Business
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Naira rates against US dollar
News Update THE naira recorded depreciations against the United States dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria showed that the naira further weakened…
CBN Holds Interest Rate at 27%
News Update THE Central Bank of Nigeria has, for the fourth consecutive time this year, held its benchmark interest rate steady at 27 per cent. The decision was announced by the CBN…
Naira to US Dollar drops N14.85 in one week
News Update THE Naira dropped N14.85 against the United States dollar on a week-on-week basis at the official foreign exchange market. The Central Bank of Nigeria’s data showed at the close of…
Latest update on Naira to dollar rates
News Update Nigeria currency recorded a second depreciation against the United States dollar at the official foreign exchange market. The Central Bank of Nigeria’s data showed that the Naira weakened on Wednesday…
NNPC eyes 20% stake in Dangote refinery — Report
The Nigerian National Petroleum Company Limited on Tuesday disclosed plans to raise its equity stake in the $20bn Dangote Petroleum Refinery to 20 per cent, as part of efforts to strengthen Nigeria’s…
Naira To Dollar Rate Records Highest Gain
News Update Latest on exchange rate, with the recent positive performance of the naira, analysts say the financial markets have responded positively to the Financial Action Task Force (FATF) removal of Nigeria…
Nigerian Naira appreciation continues against US dollar
News Update THE naira continued appreciation against the United States dollar at the official foreign exchange market on Tuesday as Bureau De Change operators decried access to foreign exchange. The Central Bank…
Naira to dollar rate, today
Naira to Dollar, other currencies rate Today ₦1485, black market News Update THE Naira continued to trade with a significant gap between Nigeria’s official and parallel foreign exchange markets on Sunday, October…