Dangote Refinery plans to import crude oil from Brazil, aiming to boost production and expand its supply chain. Read the full report. Dangote Petroleum Refinery is...
Nigerian government signs a $21m contract to meter crude oil flow stations, enhancing transparency and efficiency. Read more here. The Federal Executive Council has given the...
CBN takes action to boost FX market liquidity with a $122.67 million injection. Read about the expected outcomes of this decision. The Central Bank of Nigeria...
All Deposit Money Banks have been instructed by the Central Bank of Nigeria to deposit any extra foreign currency notes they may have with its branches...
The Naira experienced a depreciation of more than 40 percent during the first half of 2024 in the foreign exchange market. According to FMDQ data, the...
Assuring the safety of products on the market, fostering fair competition, and safeguarding consumers are the top priorities of the Federal Competition and Consumer Protection Commission,...
The Deposit Money Banks (DMBs) have been given new instructions by the Central Bank of Nigeria (CBN) regarding the deposit of foreign currency notes with the...
The average cost per day of buying healthful food went from N786 in December 2023 to N1,041 in May 2024, a 32 percent rise. This was...
On June 26, 2024, Nigeria’s external reserve hit a record high of $34.07 billion. The most recent foreign exchange statistics available on the Central Bank of...
The Central Bank of Nigeria’s (CBN) proposal to recapitalize the commercial banks was supported yesterday by the Coalition of Civil Society Organisations. It said that the...