Tag:CBN

Expert faults Cardoso, CBN over hike in interest rate

Mr Daniel Akeju, an advisor and treasury manager has faulted the Central Bank of Nigeria (CBN) recent increase in the Monetary Policy Rate (MPR)...

Naira gains N88.23 against dollar

The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the...

LCCI urges CBN to reconsider MPR hike stance

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance and avoid...

Naira records major gain as foreign reserves hit $33.95bn in Q1

The naira regained one-fifth of value in the past five weeks as increased foreign exchange inflows saw Nigeria’s forex reserves rising by $1.04 billion...

CBN raises bank’s capital requirement from N25bn to N200bn

The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to...

Naira appreciates by 1.5% against dollar, now N1,431.49/$

The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of...

MPR: Obaseki blasts CBN, warns of tougher times ahead

The Edo State Governor, Mr. Godwin Obaseki, has predicted tougher economic times for the country due to bad economic policies by the Federal Government,...

NDIC partnering CBN to tackle potential risks in banking sector  — MD

The Nigeria Deposit Insurance Corporation (NDIC) has said that it is partnering with the Central Bank of Nigeria(CBN) to proactively address potential risks within...

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FG, Labour agree on N70,000 minimum wage

The Federal Government, organised labour reach agree to N70,000 new minimum wage. This was announced by Alhaji Mohammed Idris, Minister...
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Chappal Energies Acquires TotalEnergies EP Nigeria Limited’s 10% Stake in Key Oil and Gas Assets

Chappal Energies has entered into a Sale and Purchase Agreement (SPA) to acquire TotalEnergies EP Nigeria Limited's 10% non-operated...

How IOCs are frustrating crude supply demands – Dangote

... commends NUPRC for publishing Domestic Crude Supply Obligation Guidelines ...Says local price will continue to increase because Trading arms...

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FG, Labour agree on N70,000 minimum wage

The Federal Government, organised labour reach agree to N70,000...

Chappal Energies Acquires TotalEnergies EP Nigeria Limited’s 10% Stake in Key Oil and Gas Assets

Chappal Energies has entered into a Sale and Purchase...