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Naira rebounds to 1,275/$ at parallel market
The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the ...Nigeria gets $600m investment from Maersk to expand seaport infrastructure
Nigeria has secured a $600 million investment from A.P Moller-Maersk, a Danish shipping and logistics company, for seaport infrastructure. According ...Minister orders immediate suspension of Dana Air pending audit
The Minister of Aviation, Festus Keyamo, has directed the Nigerian Civil Aviation Authority to suspend Dana Air, a day after ...Transcorp powers brings in N67.9 billion gross earning in three months
Transcorp Power Plc, one of the electricity generating subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has recorded N67.86 ...Dangote cuts diesel, aviation fuel prices further to ₦940, ₦980
Dangote Petroleum Refinery has again reduced the prices of diesel and aviation fuel to ₦940, and ₦980 per litre, respectively. ...Naira depreciates further at parallel market, trades at N1,260/$
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 ...