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Business
Black Market Welcomes Cardoso With ₦960/$1, P2P Now ₦970/$1
The naira experienced a historic low against the dollar, dropping to N960/$1 on Monday, following the recent appointment of Yemi Cardoso as Nigeria’s upcoming central bank governor.
In the burgeoning peer-to-peer market, where exchange…
Dangote Refinery To Start Refining Petrol By November 30, 2023
The Dangote Refinery is set to start diesel and jet fuel refining operations by October 2023 and petrol refining by November 2023.
This is according to Dangote Group Executive Director Devakumar Edwin. He made the statement during a…
Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens
The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market.
Bureau de Change operators who spoke to The PUNCH, said the naira which had earlier closed at 930/$ at the close of operations on Tuesday,…
CBN Debunks Introducing Policy To Make $1 To ₦1.25
Central Bank of Nigeria @cenbank
The Central Bank of Nigeria would like to bring to your attention that the attached message currently circulating on social media is false and should be disregarded.
CBN Stops Banks From Utilising Naira Devaluation Gains
The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations.
CBN said a review of the foreign exchange (FX) regime change showed…
POS: CBN Engages Operators, Zenith Bank Cautions Agents On Transaction Fees Hike
Zenith Bank says the changes in the transaction fees for point of sale (PoS) services cannot be implemented by its registered agent bankers.
Z-Money is an agency banking product of the bank that entails the onboarding of agents who are…
Forex turnover in I&E falls 35% to $13.11bn in H1’23
•Naira depreciates by 81%
•External reserves falls 7.7% to $34.22bn
•H2’23 will be better – Analysts.By Babajide Komolafe, Economy Editor & Elizabeth Adegbesan.
The foreign exchange segment of the economy was marked by downward…
NMDPRA Denies Approving Import Licence For Dangote
NMDPRA Denies Approving Import Licence For Dangote
Says 6 coys to import fuel for July
Written by Jonathan Nda-Isaiah 9 hours ago
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has firmly refuted…
CBN announces unification of FX windows, stops Naira4Dollar scheme
OPERATIONAL CHANGES TO THE FOREIGN EXCHANGE MARKET
The Central Bank of Nigeria (CBN) wishes to inform all authorized dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange (FX)…
Fidelity Bank CEO, Nneka Onyeali-ikpe, Emerges Anambra Woman Of The Year
Fidelity Bank CEO, Nneka Onyeali-Ikpe, Emerges Anambra Woman of the Year
In an exciting race that captured the attention of many, Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer of Fidelity Bank Plc, has emerged…