Tag:CBN

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...

e-payment hits N611.06trn in 2023

Data from the Nigeria Interbank Settlement System have shown that electronic payments in Nigeria was N611.06 trillion in 2023, representing a 54.55% growth from...

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Dangote Refinery to curtail reliance on imported petrol – Report

The 650,000 Dangote refinery could massively reduce West Africa’s reliance on import of petrol from Europe by as much...
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Bloomberg: Dangote refinery ramps up production with US crude

The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its...

Tinubu hails Dangote for crashing price of diesel

President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price...

Must read

Dangote Refinery to curtail reliance on imported petrol – Report

The 650,000 Dangote refinery could massively reduce West Africa’s...

Bloomberg: Dangote refinery ramps up production with US crude

The 650,000 barrels per day Dangote Crude Oil Refinery...