Naira Exchanges for 1245 Against Dollar in Official Window The naira has reached its highest level against the dollar since January 2023, trading at N1,245 to the dollar at the official window. This represents the fourth straight week of gains for the local currency, which has...

Petrol: Oil Marketers Propose N550/litre Price to Dangote AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to...

Crude Oil Price Hits $91 per Barrel  Brent Crude price has surpassed the $90 per barrel threshold and surged past the $91 per barrel mark as of Sunday. Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched...

Nigeria Manufacturing Export Decline by 62% – Report The contribution of the manufacturing sector to Nigeria’s non-oil exports has declined by 62 percent in four yearsas operators battle rising expenses amid high borrowing costs and low consumer spending. Data from the most recent foreign trade report...

Several organizations such as the Nigeria Labour Congress (NLC), the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) have voiced their concerns over job security regarding the new banks’ recapitalisation as ordered by the Central Bank of Nigeria (CBN). 

As the value of the Naira strengthens against US dollar, the Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria yesterday appealed to the Apex Bank to adjust and lower its applicable Exchange Rate downward below the N1,251/$ its pegged for the BDCs.