Business
Business
DisCos to pay consumers N10.5b over estimated billing
The Nigerian Electricity Regulatory Commission (NERC) will deduct N10.5 billion from the accounts of the 11...
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CBN has ordered foreign remittances to be paid in Naira —Banks
Caption: •CBN HQ In response to the current challenges related to dollar shortages, and the need to...
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Nigerians spent $40 billion on medical tourism, foreign education in 10years — CBN governor
Caption: • Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) Governor of the Central Bank...
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BDCs shut down as dollar scarcity worsens
Bureau De Change (BDC) operators have announced shut down of operation in Abuja as a result...
Read moreNaira drops to N1,482/$1 in official market, surpasses parallel market FX price of N1,460/$1
CBN completes payment of all verified FX claims due to airlines •Office relocation directive takes effect...
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NNPC needs Korean investors in Nigeria’s gas sector
The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium...
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Central Bank of Nigeria Injects Additional $500 Million to Address Foreign Exchange Backlog
In a continued effort to address the backlog of verified foreign exchange transactions, the Central Bank...
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FG Pursues Sale of Five Power Plants Under National Integrated Power Projects
The Bureau of Public Enterprises (BPE), acting on behalf of the Federal Government, is currently in...
Read moreCBN Considers Mandating Commercial Banks to Increase Capital Base to Over N900 Billion
In a recent development, the Central Bank of Nigeria (CBN) is contemplating a directive that could...
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BUA Group Chairman Abdul Rabiu Surpasses Mike Adenuga, Becomes Second-Richest Person in Nigeria
In a notable shift in the wealth rankings, Abdul Rabiu Samad, the Nigerian billionaire and CEO/Chairman...
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