CBN Issues Guidelines To Manage Tech Platforms In Banks   The Central Bank of Nigeria (CBN) has issued an Exposure Draft of the Risk-based Cyber Cyber-security Framework and Guidelines for Deposit Money Banks, DMBs and Payment Service Banks, PSBs, in a bid to manage technology platforms...

Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1   The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an...

Amid FX Crisis, Nigeria Imports 60.4bn Litres Of Petrol In 32 Months With zero local production of petrol in the 32 months spanning January 2021 to August 2023 and amid dwindling FX inflow, Nigeria imported 60.428 billion litres of petrol from Europe. However, data obtained from...

Foreign Investments Inflow To Capital Market Falls To N16bn   The foreign investment in the Nigerian Exchange dipped by about 9.73 per cent in January to N15.78bn compared to N17.48bn in December 2023. According to the latest Domestic and Foreign Portfolio Investment Report of the NGX, it...

Four Weeks After Production Take-off, Marketers Await Dangote Fuel   Oil marketers, on Monday, declared that they were still awaiting the supply of refined petroleum products from the $20bn Dangote Petroleum Refinery, four weeks after the launch of production at the multi-billion dollar plant. On January 12,...

Operator to Tinubu: Ban Dollar Cash Transactions To Save Naira The Group Managing Director of CFL Group, Lai Omotola, has urged President Bola Tinubu to sign an executive order prohibiting dollar cash transactions to save the naira from further depreciation. Omotola noted that several economic policies...