Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize forex. After battling economic woes for six months, including high ...
Richard Teng, CEO of cryptocurrency exchange Binance, stated yesterday that the business is working closely with Nigerian authorities following the imprisonment of the company's Head of Financial Crime Compliance. The ...
In the parallel market, the Naira has fallen to N1,140 per dollar, down from N1,060 on Thursday. Similarly, the Nigerian Foreign Exchange Market (NAFEM) saw it fall to N1,169.99 per ...
The Nigerian National Petroleum Company Limited and its joint venture partner in Oil Mining Lease 85, First Exploration and Petroleum Development Company Limited, have commenced oil production from the asset ...
The Nigerian National Petroleum Company Limited (NNPC) and its joint venture partner, First Exploration and Petroleum Development Company Limited, have initiated oil production from Oil Mining Lease 85, also known ...
Yesterday, the Naira strengthened to N1,060 per dollar on the parallel market, up from N1,105 per dollar on Wednesday. However, it fell to N1,154.08 per dollar on the Nigerian Foreign ...
The Central Bank of Nigeria (CBN) has denied claims that it is selling foreign exchange (FX) to bureau de change (BDC) operators at a rate of N1,001 every $1. The ...
Yesterday, the Naira dropped to N1,105 per dollar on the parallel market, down from N1,100 on Tuesday. However, the nugeria note appreciated to N1,072.74 per dollar on the Nigerian Foreign ...
Apparently worried by the country’s dwindling oil revenue, the Federal Government says it has concluded plans to take over all idle oil wells from operators holding on to them. The ...
Gabriel Ogbechie (rainoil), Chief Executive Offthe federal government now spends N600 billion every month on petrol subsidies. Speaking at the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Ogbechie ...
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