Naira slumps against dollar to begin week on negative note
The naira fell against the dollar at the foreign exchange market to start the week on a negative note. FMDQ data showed that the currency depreciated to N1579.22 per dollar…
Dollar To Naira Exchange Rate Today
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for…
We Have Supplied 29 Million Barrels Of Crude Oil To You – NUPRC Counters Dangote Refinery.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims by the management of the Dangote Petroleum Refinery that it has not properly enforced the domestic crude supply obligation (DCSO).…
Naira records three-day appreciation streak against dollar
The naira has recorded three consecutive days of appreciation against the dollar at the official foreign exchange market amid the Central Bank of Nigeria’s latest FX Retail Dutch Auction System.…
Dangote Refinery Sets To Sell Remaining NNPC 12.7% Stake – Report Reveals
This development was disclosed in a recent report published by Fitch Ratings, a credit rating agency. Nevertheless, the agency pointed out that the national oil company’s choice not to pursue…
Fuel subsidy back in Nigeria – Obasanjo
Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Tinubu’s administration has come back due to inflation. Obasanjo disclosed this…
Naira defies protests, records significant appreciation against the dollar
The naira recorded a significant gain against the dollar in the foreign exchange market despite the ongoing hunger protests. FMDQ data showed that the currency appreciated to N1607.15 against the…
CBN to auction N216.09bn Treasury bills Thursday
The Central Bank of Nigeria is expected to auction N216.09 billion treasury bills on Thursday. This is according to CBN’s recent data on Treasury Bills. Accordingly, the apex bank will…
Nigeria’s external reserves rise to $35.05bn despite Naira depreciation
Nigeria’s external reserves rose to a one-year high of $35.05 billion under President Bola Ahmed Tinubu despite Naira’s depreciation against the dollar at the foreign exchange market. This is according…
CBN Denies plans to revoke Unity, Polaris, Keystone bank’s licence.
The Central Bank of Nigeria (CBN) has announced that it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. This statement came in response to online…