The Central Bank of Nigeria has disbursed $148m to 29 authorised dealers as part of steps to stabilise the foreign […]
Category: Economy
FCCPC moves to cut cost of governance, re-introduces employee clocking system
In line with the cost-cutting drive of the Federal Government, the Federal Competition and Consumer Protection Commission (FCCPC) has […]
N6.2trn supplementary budget for minimum wage, infrastructure – Bagudu
The Federal Government says the proposed N6.2 trillion supplementary budgetary will be used to pay the minimum wage. Mr Atiku […]
Refinery: Dangote defends product quality, says diesel 80% better than imported ones
Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel […]
Naira depreciates by 0.86% against dollar at official market
The Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading […]
Nigeria’s foreign exchange reserves hit $34.7 Billion
Nigeria’s Foreign Exchange (FX) reserves climbed to a peak of $34.7 billion based on figures from the Central Bank of Nigeria’s website. Truthng reports […]
CBN issues fresh guidelines for foreign currency deposit
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign […]
Dangote Refinery: Why petrol, diesel prices may not drop – Report
The prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery, […]
*Maltreatment of NIRSAL Plc. Contract Staff*
The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL Plc.), a $500 million non- financial and non-profit institution, was […]
Ghana delays cocoa delivery, impacting global chocolate prices
Ghana, the world’s second-largest cocoa producer, is set to delay the delivery of up to 350,000 tons of cocoa beans […]