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Naira halts rally at parallel market, extends gains at official window
The naira reversed the appreciation streak at the parallel section of the foreign exchange (FX) market on Wednesday. The naira ...Electricity subsidy gulps N629bn as Discos generate N1.1tn
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of ...Naira slide pushes Dangote diesel to N1,100/litre
The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to ...CBN links forex volatility to seasonal demands, targets double foreign inflows
The Central Bank of Nigeria (CBN) has attributed the instability in the foreign exchange market to “seasonal demands”. CBN Governor, ...Amid soaring inflation levels, CBN raises interest rate to 26.25 %
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to ...Transcorp Power brings in N142bn revenue, N52.8bn profit before tax
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc has announced impressive financial performance of N142.1 billion gross earnings. At ...Food imports hit N3tn over flooding, insecurity – CBN
The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023. According ...Port Harcourt refinery begins operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was ...UK regulator Reports Air Peace To NCAA Over Alleged Safety Violations
The Civil Aviation Authority in the United Kingdom has reported local airline operator Air Peace to the Nigeria Civil Aviation ...75th celebration: UBA focused on infrastructural devt in areas of operation, excellent customer experience — ...
The Group Managing Director/Chief Executive Officer of the United Bank for Africa Plc, Oliver Alawuba, has said the bank ...
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