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Category: Business
Nigeria Central Bank Allows dealers, banks to sell forex are market rates
The Central Bank of Nigeria has given commercial banks and forex market dealers permission to freely sell forex at market-determined rates, aligning with President Bola…
Nigeria reportedly floats naira as I&E rate hits N755/$
Nigeria has officially floated its naira currency after years of sticking with a hard peg that spooked investors and drained dollars from the economy. Sources…
Shonubi: Meet mechanical engineer who took over from Emefiele at CBN
Shonubi became the acting CBN governor following the immediate suspension of Emefiele on Friday night by President Tinubu. Folashodun Adebisi Shonubi has been announced as…
BREAKING NEWS: DSS arrests Godwin Emefiel
The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, has been arrested by DSS. Details later.
Marketers Convert 800 Petrol Tankers to Gas Supply
Oil marketers are currently converting some of their trucks to start supplying gas to filling stations in order to dispense Compressed Natural Gas to vehicles…
Tinubu signs Electricity Act 2023 into Law
President Bola Tinubu has approves to the electricity bill, which was passed in July 2022 seeking to repeal the Electricity and Power Sector Reform Act,…
IPMAN project lower petrol price with private investment
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of Premium Motor Spirit (PMS) also known as petrol will drop as…
Putin, Saudi crown prince discuss stability of energy markets
Russian President Vladimir Putin and Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud, discussed ensuring the stability of the global energy market…
Uber, Bolt Drivers Go On Strike in Nigeria
The Amalgamated Union Of App-Based Transport Workers Of Nigeria (AUATWON), which represents e-hailing drivers, has suspended operations due to low prices. The rise by the…
Elon Musk retakes title as world’s wealthiest person
Elon Musk has retaken his place as the world’s wealthiest person as he surpassed luxury tycoon Bernard Arnault on Wednesday after the shares of Arnault’s…