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Category: Business
CBN unveils fresh guidelines for forex sale by BDCs two years after ban
THE Central Bank of Nigeria (CBN) on Friday unveiled a series of fresh operational guidelines for forex sales by Bureau de Change (BDC) operators in the…
President Bola Tinubu Approves CNG Initiative, Targets Nationwide Adoption
Presidential spokesperson Ajuri Ngelale said the approval is in furtherance of the President’s commitment to easing the impact of fuel subsidy removal on Nigerians by…
Breaking: Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market….
We’ll maintain petrol price without subsidy reversal — Tinubu
President Bola Tinubu said yesterday that the federal government would take measures to maintain the current pump price of Premium Motor Spirit, PMS, otherwise known…
Dollar Crashes To N790 At Parallel Market after Tinubu meeting with CBN Governor
The dollar has crashed to between N805 to N790 at the parallel exchange market on Tuesday Daily Trust can authoritatively report. It started a steady…
No Plan For Fresh Petrol Price Hike, Says NNPC
The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to raise the pump price per litre of Premium Motor Spirit (PMS) also…
President Bola Tinubu summons the CBN Acting Governor over increase in dollar rate
President Bola Tinubu, on Monday, summoned the Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, seeking for solution. Apparently rattled by…
UBA Sets Target of 15% Total Deposit Market Share
FOREMOST pan-African bank, United Bank for Africa Plc (UBA) has set a strategic goal of being a leading bank that has more than 15 percent…
Naira slump: Fuel price may go up, say marketers
The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, is making Nigerians apprehensive of…
Tinubu appoints UI 400-level student into Tax Reforms Committee
President Bola Ahmed Tinubu has appointed a University of Ibadan, UI, 400-level student, Orire Agbaje as member of the Presidential Committee on Fiscal Policy and…