BDCs Now Buying Dollar At N980 as Naira Appreciates - ABCON The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$. This was confirmed by the...

FG, NNPCL Fault El-Rufai, Marketers Claim, Says No Subsidy Return The Federal Government through its Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited have stated that the various claims by different individuals and groups on the alleged return of subsidy on Premium...

CBN Reduces Banks’ Loan-deposit Ratio to 50% The Central Bank of Nigeria has slashed commercial banks Loan-to-Deposit Ratio from 65 per cent to 50 per cent as part of measures to deepen its monetary tightening policy. The development means Deposit Money Banks are now allowed to...

Price Of Cooking Gas Crashes as Naira Gains  The prices of liquified natural gas (LPG), also known as cooking gas, are beginning to crash following the appreciation of the Nigerian currency, the Naira. In March, some Nigerians and gas dealers expressed anger over the rising price...

4,229 Containers of Agric Produce Exported in Q1 - Customs The Nigeria Customs Service, Lilypond Export Command, has revealed that 4,229 containers carrying agricultural produce worth $153m were exported first quarter of 2024. According to the Area Controller in charge of the command, Ajibola Odusanya, 629...

Port Congestion: NPA Unveils New Export Trucks Window The Nigerian Ports Authority has opened a 72-hour window for all export trucks to access various terminals to reduce congestion and encourage timely movement of export cargo into Lagos Ports. The NPA also vowed to automatically deactivate access...