Dollar Exchanges for N810 at Black Market The dollar to naira exchange rate improved slightly at the black market selling $1 to N810 against previous trading of $1/N825 while the naira fell again at buying rate of $1/820 as at...

FG Seeks N360bn In New Bond Auction   The Federal Government will today seek to raise about N360 billion in new borrowings as part of its regular debt issuance to finance budget deficit and augment national revenue. At the auction, the first...

We Recovered N471.82bn Intervention Loans In Six Months – CBN   The Central Bank of Nigeria (CBN) has said it recovered N471.82bn as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year...

Bakers, Millers Bicker Over Flour Price Hike   Bakers under the aegis of Premium Bread Makers Association (PBAN) have disagreed with the claim by flour millers that the price of flour has not been increased in the last one year. This came...

CBN Raises Tenure Limit For Banks’ Chief Executives To 12 Years   The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum of 12 years from 10 years. This was disclosed in...

NERC May Okay Tariff Hike As Electricity Subsidy Hits N2.8tn   There are strong indications the Federal Government may consider the request by power distribution companies for a review of their tariff, as the government spending on electricity subsidy has risen...