Central Bank of Nigeria in its latest data has revealed that the RT $200 FX programme recorded a massive success as non-oil exporters have ramped up the repatriation of export …
Western Africa
- AfricaBanking, Finance & InvestmentBusiness and EconomyNigeriaWestern Africa
- AfricaMobile Telecommunications Network (MTN)NigeriaTelecommunicationsWestern Africa
MTN Nigeria applies for N200 billion Bond Issuance Programme
MTN Nigeria Communications Plc has applied to the Securities and Exchange Commission in respect of the registration of a new N200 billion Bond Issuance Programme. This was contained in a …
- AfricaBanking, Finance & InvestmentBusinessBusiness PoliciesNigeriaWestern Africa
CBN raises interest rate to 14%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy Rate (MPR) to 14 per cent from 13%. CBN Governor, Godwin …
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company ( NNPC) Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a …
The Nigerian National Petroleum Company (NNPC) Limited has approved a new pump price after weeks of promises that it will retain N165. NNPC, in a notice to fuel marketers, directed …
The exchange rate between the naira and the US dollar closed at N429.13/$1 at the official Investors and Exporters (I&E) window on Monday, July 18, 2022. Naira appreciated slightly against …
- AfricaBanking, Finance & InvestmentNigeriaWestern Africa
BEDC Challenges FG over takeover by Fidelity Bank Plc
Benin Electricity Distribution Company ( BEDC ) Plc has dragged the Bureau of Public Enterprises, an agency of the Federal Government of Nigeria, to a United Kingdom arbitration to challenge …
- AfricaEconomyHospitality, Travel & TourismNewsNigeriaWestern Africa
Aero Contractors halts flight operations
Aero Contractors, Nigeria’s oldest flight operator, has temporarily suspended flight operations due to what it has described as harsh operating environment. The suspension, according to a statement by the airline, …
- AfricaBusinessHospitality, Travel & TourismTrending TodayWestern Africa
ASUU: Aviation Union threatens to shut down airports
The Association of Nigeria Aviation Professionals (ANAP) has threatened to shut down airports in Nigeria as a result of the lasting strike by the Academic Staff Union of Universities ( …
The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price …