Business
Latest Business news
Dangote cuts diesel, aviation fuel prices further to ₦940, ₦980
Dangote Petroleum Refinery has again reduced the prices of diesel and aviation fuel to ₦940, and ₦980 per litre, respectively. ...Naira depreciates further at parallel market, trades at N1,260/$
The naira on Wednesday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market. ...Kenyan police arrest Binance executive who escaped from Nigeria
The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite ...Alebiosu becomes First Bank acting MD
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. The ...EFCC continues crackdown on cryptocurrency platforms, others to tackle dollar rise
The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira. ...CBN not using foreign reserves to defend naira, says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the country is not using its foreign reserves to ...FCCPC deploys operators to market over rising food prices
The Federal Competition and Consumer Protection Commission says it is taking steps to protect consumers regarding the continued rise in ...FG now spends N600bn monthly on petrol subsidy, claims Rainoil CEO
The chief executive officer of Rainoil Limited, Gabriel Ogbechie, claims the federal government now spends N600 billion on petrol subsidy ...Nigeria’s FX reserves drop to $32bn — lowest level in six years
Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to ...Marketers excited as Dangote slashes diesel price to N1,000/litre
The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of ...