The Central Bank of Nigeria has increased the import duty exchange rate to N1618.73 due to foreign exchange fluctuations. According to the Nigeria trade hub, the…
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All the latest business news in Nigeria
Recent data from the Central Bank of Nigeria (CBN) reveal that it plans to auction N216.09 billion worth of treasury bills on Thursday, August 8, 2024.…
Chairman of FBN Holdings, Femi Otedola, has suggested that Nigerian banks reduce their extravagant spending, such as on private jets, and contribute to a new windfall…
Telecom giant MTN has shut all its stores and service centres across Nigeria after its decision to disconnect several subscriber lines was met with outrage. In…
The Naira has continued to drop against the Dollar at the Foreign exchange market.According to FMDQ, the Nigerian currency depreciated by N2.11 to N1,611.40 per Dollar…
According to Gbenga Komolafe, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average daily crude oil production was 1.61 million barrels per…
The Naira experienced a further decline against the Dollar, finishing the week on a downbeat note. According to FMDQ data, the Nigerian currency fell to N1609.29…
The Abdul Samad Rabiu Africa Initiative (ASR Africa), the brainchild of Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group, kicked the building of a…
The Central Bank of Nigeria (CBN) has allocated $148 million to 29 authorised dealers to stabilise the foreign exchange market amid the recent decline of the…
The Minister of Communications, Bosun Tijani, disclosed that the Nigerian Communication Satelite (NIGCOMSAT) Limited doubled its 2023 revenue in the first half of 2024. Highlighting the…