The naira closed firmer on the interbank market on Monday after the Central Bank of Nigeria sold dollars to some commercial banks towards the end of a trading session that featured no trades in the first four hours, traders...

...ABCON asks central bank to outsource weekly dollar sales to BDCs ...Oversupply, Nigeria’s ceasefire trigger fall in oil prices Desirous of stimulating economic activities in the country, the Central Bank of Nigeria (CBN) y directed commercial banks and other authorised dealers...

International oil benchmark, Brent crude, retreated on Monday, falling below the $50 per barrel mark on worries about growing Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising US oil rig count. China’s July diesel and gasoline...

The Transmission Company of Nigeria says it will require $7.5bn (about N2.3tn) to wheel 10,000 megawatts of electricity, which is the target of the Federal Government by 2019. It also declared that power distribution companies were still rejecting electricity load...

The Federal Government has called on the Islamic Development Bank to assist in implementing some of its intervention programmes in the North-East that had been badly hit by the activities of insurgents. President Muhammadu Buhari, who stated this while receiving...

Deposit Money Banks have yet to comply with the Central Bank of Nigeria’s directive asking them to sell $50,000 from Diaspora remittances to Bureau De Change operators on weekly basis, the President, Association of Bureau De Change Operators of...