CBN to sanction banks, PoS operators over hoarding, rationing of Naira
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sales (PoS) that it would...
Month: December 2023
NIMASA partners NSML, train 150 NSDP cadets
The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a training agreement with the Nigerian Liquified Natural Gas, NLNG...
Four years after, NNPC Ltd delivers P/Harcourt refinery
…Achieves mechanical completion, flare start-up of refinery’s Area 5 plant The Nigerian National Petroleum Company (NNPC) Ltd has fulfilled its...
FG names GIG, Young Shall grow, other coys in 50% transport reduction
The Federal Government (FG) has made good it's plan to reduce transportation cost this Yuletide season by naming GIG (...
Average price of petrol hits N648.93/ltr in November – NBS
The average price of petrol sold at N648.03 per litre in the month of November, the National Bureau of Statistics...
MTN Group mulls expansion, in talks with Starlink
In its bid to expand its services to unnerved areas across its operating markets including Nigeria, MTN group is in...
Nigeria spends N1.79trn on domestic debt service in 3 months – DMO
The Federal Government spent around N1.79 trillion on servicing its domestic debt between July and September 2023. This is according...
AfDB President Adeshina bags Obafemi Awolowo’s prize for leadership
The Obafemi Awolowo Prize for Leadership on Thursday announced former Minister of Agriculture in Nigeria and current President of the...
Nigeria’s external debt drops by $1.57bn in Q3 – DMO
Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59...
FX crisis deepens as gap between official, black market rates hits over N400
The gap between the official and parallel market exchange rates of the naira has continued to widen despite several interventions...
