Naira Vs. Dollar: Inside the Crude controversy
The Naira for Cude oil policy, introduced in October 2024 by the Federal Government was designed to allow local refineries to buy crude in naira, cut dependence on imported fuel and boost…
Why the naira has remained stable despite election pressure – ABCON
The naira has remained stable both at the official and parallel markets despite several odds facing the currency ahead of the elections in Nigeria; that's according to Aminu Gwadabe, President of the…
Naira depreciates on the investors & exporters window
The naira depreciated in the Investors and Exporters Window last week, losing N1.26 naira to close at N362.58 naira to the greenback. Lekan Olabisi, FX Dealer at GT Bank joins CNBC Africa…
2019: Nigeria may get new name, currency if…
Justice Must Prevail Party has announced plans to change the name Nigeria and the currency Naira if it emerges victorious in the 2019 general election.…
Nigerian manufacturers seek FG’s intervention in N29bn tariff dispute
The Manufacturers Association of Nigeria has appealed to the government to resolve its 29 billion naira electricity tariff dispute with the Electricity Distribution Companies and the Nigerian Electricity Regulatory Commission.…
CBN to hold PMA auction today
With 328 billion naira worth of bonds to mature today, traders expect a Primary Market Auction today to take 50 billion naira from the system.…
Nigerian market awaits N330bn maturing T-bills this week
The Nigerian fixed income market is expecting inflows totalling 330 billion naira from maturing OMO bills this week.…
Union Bank of Nigeria’s N50bn rights issue opens for subscription
Union Bank of Nigeria recently opened its 50 billion naira rights issue for subscription, just as Forte oil put a hold on its planned 20 billion naira capital raising.…
Naira depreciates by 0.54% at parallel market
The Naira depreciated in the parallel market by 0.54 per cent to close at 370 to the dollar and in the interbank forex market by 0.02 per cent to close at 305…
Transcorp reports higher profits in first half
Transnational Corporation of Nigeria has reported profits of 4.5 billion naira for the half year that ended in June 2017, turning around an 11 billion naira loss recorded in the same period…
Nigeria’s top business news
Nigeria's acting President Yemi Osinbajo has signed the country's 7.4 trillion naira 2017 budget into law, just over a month after the National Assembly passed the appropriation bill.…