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FCCPC moves to clampdown on erring digital money lenders in Nigeria
The Federal Competition and Consumer Protection Commission, FCCPC, has moved against Digital Money Lenders, DMLs, violating its regulations. Adamu Abdullahi,...
Dollar supply rises by 180% as banks sell $440m
Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the...
In Q32023, there were 11.71 million more electricity users, according to NBS.
The National Bureau of Statistics (NBS) stated in its Nigeria’s electricity report for the third quarter of 2023 released in...
Naira gains value relative to the US dollar as a result of CBN action.
The Naira slightly appreciated against the US dollar in the official foreign exchange market at the end of January 2024...
Test operations at P’Harcourt refinery commence, and supplies soon reach Rivers and eleven more.
The Federal Government has disclosed that the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products...
Customs Produces N74.048 From Lagos Free Zone and N5.08bn From Lekki Port
The Lagos Free Trade Zone Command of the Nigeria Customs Service (NCS) announced on Tuesday that it generated N5.08 billion...
FOREX Variation is costly to the government and slows down development, according to Delta Commissioner
Delta State Government has urged contractors handling various projects for the state to speed up construction works given the unstable...
Dangote Refinery will enhance energy independence across Nigeria
The Executive Chairman of African Energy Chambers, NJ Ayuk, said that the coming onstream of the $20 billion Dangote Refinery...
CBN warns forex dealer against price distortions
The Central Bank of Nigeria, CBN, has accused Authorised Dealers in the foreign exchange market of reporting inaccurate and misleading...
Operations at the Dangote Refinery will cut Nigeria’s revenue by 3%, according to NIMASA
The Nigerian Government says the commencement of production at Dangote Refinery will reduce the country’s freight revenue collection by three...
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