Dangote Refinery is reportedly reselling imported crude due to operational difficulties. Learn about the refinery’s challenges and the implications for its operations. According to Oli Price.Com’s...
To ease demand strains, the Central Bank of Nigeria (CBN) distributed $148 million to 29 authorized dealer banks through foreign exchange sales in the spot market...
Nigeria has imported $2.25 billion in fuel from Malta, a recent report shows. Learn about the trade details and its significance. Indications reveal that Nigeria imported...
Google and Meta face a $350 million fine from two Nigerian states over tax evasion charges. Read about the details and the reactions to this news....
In the amended Finance Act of 2024, the Nigerian National Assembly has raised the windfall tax on banks’ foreign exchange (FX) earnings to 70 percent from...
The Nigerian Naira reaches an all-time low of N1,565 against the US dollar in the parallel market. Learn about the causes and potential economic impact of...
Managing Director of Providus Bank risks imprisonment for allegedly defying a court order, highlighting the legal challenges and potential consequences for the bank’s leadership. Providus Bank...
Find out how the CBN’s interest rate hike will affect you as Rewane explains the real consequences of this monetary policy change. Bismarck Rewane, the CEO...
The Monetary Policy Rate (MPR) has been raised from 26.25% to 26.75%, as the Central Bank of Nigeria (CBN) increases it by 50 basis points. The...
Nigeria’s monthly fuel subsidy payments have surpassed N700bn, say marketers. Explore the reasons and consequences of this high cost. According to the Independent Petroleum Marketers Association...