CBN Stops Opay, Moniepoint, Others From Onboarding New Customers
The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new...
Finance ministry recovered N57bn MDAs’ debts – Director
THE Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments and agencies to the Federal Government.
The Director,...
Dangote drops diesel to N940, stations sell N1,400
Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the...
Naira tumbles at official market, trades N1,234/1$
For the second consecutive time, Naira on Monday slightly depreciated at the official market, representing a 5.51 per cent loss when compared to the...
IMF Predicts Nigeria’s Inflation Dropping To 26.3% This Year
The International Monetary Fund (IMF) has said Nigeria’s inflation rate will drop to 26.3% in 2024, noting that the country’s economy will equally grow...
NPA Secures $700m Facility From Citibank To Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. ...
Marketers enthusiastic over Dangote’s N1,000/litre diesel price.
The Dangote Petroleum Refinery has given consideration to the demands of oil marketers concerning the decrease in the cost of diesel, also known as...
Cashless Transactions Surge 88% To N237trn In Q1
Cash transactions in Nigeria rose to N237 trillion in the first quarter of 2024, according to new statistics from the Nigeria Interbank Settlement System.
According...
Naira gains 7.2% against dollar at official market
On Friday, the official market saw a sharp increase in the value of the naira, which was trading at N1,142.38 to the dollar.
The Naira increased by N88.23, according to data from the FMDQ Exchange's official trading portal, which is in charge of the Nigerian Autonomous Foreign Exchange Market.
Comparing this to the previous trading date on Monday, April 8, when the currency was trading at N1,230.61 to the dollar before to the Sallah holiday, shows a rise of 7.16 percent.
According to the News Agency of Nigeria on Saturday, the total daily turnover went from $125.55 million on Monday to $281.34 million on Friday.
In the Meantime, at the Investor’s and Exporter’s window, the Naira traded between N1,265 and N1,100 against the dollar.
Nigeria’s Oil Production Dropped In March – OPEC
Nigeria’s crude oil production has recorded its second consecutive drop this year, from 1.32 million barrels per day in February to 1.23 in March,...
