ECONOMY

The governor cites a79.4 percent rise in remittances to $4.18billion in the first three quarters of 2024, compared to $2.33billion in the same period of 2023. This reform, alongside the clearance of a $7.0 billion backlog of FX commitments,…

Cardoso’s newly introduced FX code is aimed at improving market liquidity, enhancing transparency, and providing guidance for all those participating in the country’s foreign exchange sector

According to sources, the debt originated from a $200 million loan facilitated by the Central Bank of Nigeria (CBN) under the leadership of former governor Godwin Emefiele. The CBN reportedly coerced the Asset Management Corporation of…

The Vice President emphasized the importance of skills acquisition among young Nigerians, saying the nation can no longer afford to have a growing population of idle, unemployed, and unemployable youths. Nkwocha noted that the Vice…

“We are taking you through our plant. This plant is running. It is not 100 percent. We are still in the process. Kyari said.

The spokesperson of the Nigerian National Petroleum Company Limited, Olufemi Soneye, disclosed this on Tuesday.

ADMIN. In a bid to keep up with the ever-evolving banking system, most Nigerian banks recently conducted upgrades to their core banking applications. This trend began with Sterling Bank on September 10, when it migrated to a new core…

Independent oil marketers have confirmed that they will meet with the Department of State Services (DSS) on Wednesday, October 9, 2024, to discuss the pricing and availability of Premium Motor Spirit (petrol).

“He also decried the state of the Naira and the poor run of the economy, stating it is time for those who cannot deliver to leave the government for people with ideas to turn the situation around for the better”, the source stated further…

“According to Mr. Adedapo, 6.8m barrels in 7 cargoes of crude oil will be delivered to Dangote Refinery in September, while another 11 million barrels will be delivered in November