Business
eNaira: CBN to own major stake in Bitt Inc., says Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex monetary authority will own a...
Abia, Ebonyi, Lagos paid highest for petrol in August – NBS
The National Bureau of Statistics (NBS) has disclosed that Abia, Ebonyi and Lagos states paid the highest amount for premium motor...
Naira sustains fall at parallel market
The Naira on Thursday dipped further at the parallel market in Lagos against the dollar. It lost N6 from N562...
Minister: CBN does not support solid minerals sector
Minister of state for mines and steel development, Uche Ogah has accused the Central Bank of Nigeria (CBN) of not...
CBN to banks: Desist from forex malpractices or face suspension
The Central Bank of Nigeria (CBN) has cautioned banks involved in any form of foreign exchange (FX) malpractice risk their...
Strengthen operational capacity ahead of eNaira rollout, CBN tells banks
The Central Bank of Nigeria (CBN) has called on deposit money banks to strengthen their operational capacity to effectively harness...
EFCC to banks: Do not sell FX to customers not travelling abroad
The Economic and Financial Crimes Commission (EFCC) has cautioned banks against selling foreign exchange (FX) to customers with no intention...
Naira now trading at 545/$ in parallel market
The Nigerian Naira has hit an all-time low in 48 years after trading for 545/$ in parallel markets on Thursday,...
NNPC attributes rising cooking gas prices to undersupply
Group managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has stated that the challenges in sourcing adequate...
NBS: Railway transport services generated N2.1bn revenue in six months
The Nigerian Railway Corporation (NRC) generated N2.1 billion as revenue from passengers and cargo between the first and second quarters...
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