The Nigerian Autonomous Foreign Exchange Market (NAFEM) showcased a remarkable surge on Tuesday, concluding the trading day at N1560.57 per dollar. This signifies a noteworthy appreciation of N36.67 or 2.35% ...
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in ...
Muhabbat Yakubu, a student enrolled in the SS2 program at Nigerian Tulip International Colleges (NTIC), has been honored with the remarkable opportunity to represent Nigeria on the global stage at ...
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of ...
No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its ...
The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses. In a ...
The House of Representatives has resolved to invite to cement manufacturers including Dangote Cement and BUA Cement to appear before them for deliberation on ways out of the hardship arising ...
Yesterday, the value of the Nigerian naira decreased compared to the US dollar in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). In the parallel market, the ...
The Central Bank of Nigeria (CBN) made a significant move on Wednesday in Abuja by handing over 2.1 million bags of fertilizer to the Federal Ministry of Agriculture and Food ...
The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. This stability comes amidst the Central Bank of Nigeria's (CBN) recent adjustment ...
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