Naira Closes at N1,597/$ as Dollar Supply Rises to 141.99m
The naira closed at the rate of N1,596 against the United States dollar on Thursday, maintaining the same rate as it closed on Wednesday.
The naira traded at an intra-day high of N1,616 and a low...
FG Halts Plan to Sell N40,000 Subsidised Rice to Civil Servants
The Federal Government has suspended the proposed sale of subsidised rice to civil servants.
It has, therefore, withdrawn the circular in which it directed civil servants interested in subsidised rice to apply.
This was made known...
Net FX Inflows Rises 55% to $25.4bn in Six Months – CBN
The Central Bank of Nigeria (CBN) has revealed that net foreign exchange inflows rose to $25.4 billion between January and June, marking a 55 percent year-over-year increase.
This growth has been driven by a...
Crude Oil Sales in Naira Yet to Commence – CORAN
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said that none of their members have begun receiving the sales of crude oil in the local currency, naira.
Echie Idoko, the Public Secretary of CORAN, made...
Crude Crisis: I’ll Reveal the Truth at Appropriate Time, Says Kyari
The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has said he will reveal the truth about the company’s operations in the oil and gas sector at the appropriate...
FG Eyes $1bn from Sales of Dollar-denominated Bonds
The Federal Government of Nigeria has introduced its Series I Domestic USD Bond, aiming to raise a minimum of $500m from both local and international investors.
In an auction circular released, the government said it aims to double...
