Inflation: CBN raises interest rate to 15.5%

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The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in a bid to curb...

Naira depreciates by 50% after ban on BDCs

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Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the black market value of the dollar against...

Exchange rate skyrockets to N644/$1 at peer-to-peer market as forex scarcity...

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Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1 at the Investors and Exporters (I&E) window, where...

“Why We Can’t Sell Fuel At N170 Per Litre” – Independent...

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained it is making moves to end the fuel scarcity. The PMAN said it is working...

Dollar to Naira Exchange Rate/ Black Market Rate Today, 28th September,...

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The dollar to Naira Exchange rate at both the black market and aboki fx today, 28th September 2022. The exchange rate is between ₦708 and ₦725. You convert your...

Fuel Scarcity: IPMAN Explains Why Fuel Queues Returned To Lagos

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The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has disclosed why there is fuel scarcity leading to queues in Lagos state. Speaking to Daily Trust,...

FG Considers Banning Okada Across The Country

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Malami says the proposed ban of Okada could cut off sources of funds for terrorists and bandits. The Federal Government is considering banning the use...

PoS Operators Give CBN Ultimatum Over Withdrawal Limit Policy

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The Central Bank of Nigeria and the Association of Mobile Money and Bank Agents in Nigeria may soon clash over the controversial cash withdrawal...

BREAKING: Naira falls big to N740/$1 on black market Exchange Rate

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On the black market, the naira-US dollar exchange rate has dropped to a new low, trading at a minimum of N740/$1 on Tuesday morning....

World Bank announces a $93 billion replenishment package for Nigeria, others

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The International Development Association (IDA) will receive a $93 billion replenishment package from the World Bank to assist Nigeria and other low-income countries in...

FG Disagrees With CBN Governor Over Redesign Of Naira Notes

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Barely Forty Eight hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country's...

NLC Protests Rock States In Nigeria (Photos)

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The Nigeria Labour Congress, NLC, on Sunday promised to embark on a two-day nationwide protest in solidarity with the Academic Staff Union of Universities,...

BREAKING: CBN revises weekly cash withdrawal limits to N500, 000, N5...

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The Central Bank of Nigeria (CBN) has increased the weekly cash withdrawal limit for individuals and corporate organizations to N500,000 and N5 million, respectively. The...

Reason CBN needs to adopt blockchain – Professor Yemi Osinbajo

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Professor Yemi Osinbajo has stated that Nigeria may need to further broaden the scope of its banking licences in order to accommodate more players...

We Will Decentralise National Grid, Invest $550m To Boost Power Supply...

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President Muhammadu Buhari says his administration is decentralising the nation’s national grid through renewable mini-grids to address the challenges of electricity supply across the...
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