Business
CBN Sanctions 9 Banks For Failing To Dispense Cash Via ATMs
The Central Bank of Nigeria, CBN, says it has sanctioned some Deposit Money Banks, DMBs, for failing to make Naira notes available through automated teller […]
Business
Business
Obasanjo: How Yar’Adua Rejected Dangote’s $750m Offer To Manage Kaduna, PH Refineries In 2007
Former President Olusegun Obasanjo has revealed his successor, Umaru Musa Yar’Adua, rejected a $750 million offer from Aliko Dangote, chairman of Dangote Group, to manage […]
Business
CBN Issues N150m Penalty For Banks Supporting Mint Naira Supply To Hawkers
The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular […]
Business
Blending Is Not A Crime’ — Mele Kyari
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is not a crime to blend petroleum products […]
Business
CBN Reforms Support Strong, Resilient African Financial Architecture-Cardoso
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the bank’s reforms align with efforts to establish a stronger and more resilient […]
Business
NNPCL Says Port Harcourt Refinery Is Back, Begins Crude Oil Processing At 60,000bpd
The Nigeria National Petroleum Company Limited (NNPCL) has announced that its Port Harcourt Refinery in Rivers State has commenced crude oil processing. This was disclosed […]
Business
IMF Report Shows Reforms Under Tinubu Not Working, As Inflation Stays In Double Digits
The International Monetary Fund (IMF), in its latest outlook report for sub-Saharan Africa has indicated that the broad-based economic reforms embarked upon by the President […]
Business
NNPCL Increases Fuel Price To N1030 Per Litre
Filling stations owned by the Nigerian National Petroleum Company Limited (NNPC) have hiked the fuel price to N1030 per litre in the country. This new […]
Business
NBS: Cost Of Healthy Diet Stood At N1,255 In August
The National Average Cost of a Healthy Diet, CoHD, per adult a day stood at N1,255 in August 2024, the National Bureau of Statistics, NBS, […]
Business
World Bank Approves $500 Million Loan For Power, Irrigation Project In Nigeria
The World Bank has approved a 500 million dollar loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced […]