Amid complaints that the new naira notes are not fully in circulation, the Central Bank of…
Category: Business/Economy
Regulator seals 22 stations for selling petrol above approved pump price
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shut down no fewer than 22…
Mixed fortune for Naira against US dollar at official, black markets
It was a mixed trading day for the Naira against the US dollar across the foreign…
Budget 2023: US dollar may exchange for N1000, says Utomi
A political economist, Prof Pat Utomi, has predicted that the exchange rate of Naira to the…
NFIU bans cash withdrawals from public accounts
* Threatens to prosecute defaulters The Nigeria Financial Intelligence Unit (NFIU) has banned all banks from executing demands…
DMO raises concern as Nigeria’s debt profile nears N72tr
* Amid FG’s plan to borrow fresh N8.8tr The Debt Management Office (DMO) has expressed concern…
Naira slumps further against US dollar across forex markets
The Naira, on Wednesday, depreciated against the US dollar across official and parallel foreign exchange (FX)…
NERC okays fresh increase in electricity tariff
The Nigerian Electricity Regulatory Commission (NERC) has quietly ordered electricity distribution companies to increase the cost…
Naira makes first gain in 2023 against US dollar at official market
The first trading day of the New Year (2023), on Tuesday, started on a mix for…
Buhari signs 2023 budget of N21.83tr into Law
President Muhammadu Buhari, on Tuesday, signed the 2023 appropriation bill of N21.83 trillion into law at…