Petroleum product marketers and other operators in the downstream sector have denied rumors of a downward adjustment in the pump …
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Naira Surges to N1,290 Per USD: Positive Impact of CBN’s Interest Rate Hike
The Nigerian Naira has shown significant appreciation against the US dollar, trading at N1,290 per USD on Tuesday, March 27, …
Read More »Foreign Airlines Demand Evidence of Payment as CBN Claims Clearing of $7bn Forex Backlog
Following reports that the Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs, foreign airlines have called …
Read More »Naira Surges to N1400/$ at Parallel Market Amidst Strengthening Economy
Nigeria’s currency, the Naira, has experienced a significant strengthening against the US dollar at the parallel market. The exchange rate …
Read More »CBN Schedules 294th Monetary Policy Committee Meeting for March 25, 2024
The Central Bank of Nigeria (CBN) has announced the scheduling of its 294th Monetary Policy Committee (MPC) meeting, which is …
Read More »Reps Summon Dangote, BUA, and Other Cement Manufacturers Over Price Hike
The House of Representatives has summoned Dangote, BUA, and other cement manufacturers over the recent arbitrary increase in the price …
Read More »CBN Hands Over 2.1m Bags of Fertiliser Worth N100bn to Agric Ministry, Increases Exchange Rate for Customs Duties
The Central Bank of Nigeria (CBN) on Wednesday in Abuja handed over 2.1 million bags of fertiliser valued at N100 …
Read More »Cryptocurrency Trading Website Binance Poses Threat to Nigeria’s Economy: Presidential Spokesman
In a appearance on Channels Televisions Politics Today program, Presidential spokesman Bayo Onanuga raised concerns about the potential damage cryptocurrency …
Read More »CBN Governor Cardoso: We’re Steering Nigeria’s Economic Recovery, Not Hindering It
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has absolved the apex bank of any responsibility …
Read More »Naira to Gain Against Dollar as One Dollar Predicted to Fall to N967
In a viral prediction, a man has stated that the Nigerian Naira is set to gain against the US Dollar …
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