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Nigerian banks switch core banking applications as service disruptions loom
Nigerian bank customers are set to witness more service disruptions in the coming weeks and months as the financial institutions...
Replace faulty equipment in seven days, FG orders Discos
The Federal Government has ordered electricity distribution companies to replace weak distribution networks in their franchise areas within seven days....
NPA moves to coordinate sale in Naira for crude oil
The Nigerian Ports Authority, in collaboration with other government agencies, has finalized plans to implement the sale of crude oil...
Petrol Imports Dropped By 3.58bn Litres In One Year, Says NBS
Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in the last year, data...
Maritime workers urge govt tackle forex crisis,
The maritime operators have urged the Federal Government to tackle the issue of fluctuating exchange rates to boost importation as...
Oil companies owe Federation Account $6.17bn in royalties according NEITI
A recent audit report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the debt owed by oil...
CBN approves forex sales to BDCs at N1,590/$
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change...
CBN raises interest rate by 50 basis points to 27.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee has made the decision to raise the interest rate by 50...
Approved Digital Loan Apps in Nigeria Surge to 320 Amid High Demand
The number of companies authorized to provide digital loans to Nigerians, commonly referred to as loan apps, has increased to...
Naira loses over half of its value in Cardoso’s one year in office
The Naira has lost over half of its value in the last one year. According to data from the FMDQ,...
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