In a recent development, the Central Bank of Nigeria (CBN) has issued a directive aimed at regulating the practice of utilizing foreign currency (FCY) as
Category: Business & Economy
CBN facilitates sale of $10,000 to BDCs operators at N1,101 per US Dollar
The Central Bank of Nigeria (CBN) has disclosed its initiative to allocate funds to Bureau de Change (BDC) operators. As outlined in an official statement
Apapa Customs records N489 billion revenue in first quarter, reaffirms commitment to achieving N2 trillion target for 2024
The Nigeria Customs Service, Apapa Area Command, has announced a total revenue collection of N489,614,095,022.15 for the first quarter of 2024, marking a substantial increase
Tinubu appoints new CEO for CREDICORP
President Bola Tinubu has appointed Engineer Uzoma Nwagba as the Managing Director and Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP), demonstrating his
Board disputes threaten First Bank’s recapitalization efforts
Fresh conflicts within the board of First Bank of Nigeria have emerged, casting doubts on the institution’s ability to fortify its capital base as mandated
FOU B seizes contraband worth over N769 million, warned against alteration of VIN
The Nigeria Customs Service, Federal Operations Unit (FOU) Zone ‘B’, has confiscated contraband goods valued at over N769 million, emphasizing strict enforcement measures and issuing
Bridging energy access gap vital for Nigeria’s economic growth, says NNPC Chief
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has emphasized the critical importance of bridging the energy access gap to the creation of economic prosperity
NNPC Limited refutes rumours of fuel price adjustment
NNPC Limited has issued a statement to dispel rumors circulating regarding a purported price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel)
NNPC Retail Limited and Azikel Petroleum Limited forge strategic partnership
Sign products and purchase agreement In a significant development within the Nigerian petroleum industry, NNPC Retail Limited and Azikel Petroleum Limited have solidified a strategic
NNPC GCEO Kyari meets IOC chiefs at CERAWeek, praises Tinubu’s investment order
Amidst the bustling atmosphere of the ongoing CERAWeek 2024 Conference in Houston, Texas, Mr. Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPC Ltd.,
