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BDC Operators To CBN: Adjust N1,251/$1 Buy Rate Rate Downward

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.

NAHCON: Five States With $383m Debt Budget Subsidize N9bn For Hajj Pilgrims

Five states; Kogi, Kebbi, Jigawa, Bauchi and Kano states, have subsidised Hajj fares for 10,260 intending pilgrims for the 2024 exercise, with a combined sum of N9,120,997,990 billion. 

Petrol Shortage: Queue will Disappear Soon, NNPC Assures

Petrol Shortage: Queue will Disappear Soon, NNPC Assures   Nigerian National Petroleum Company Limited (NNPCL) has said efforts have been intensified at ending the current petrol shortage in Lagos and its environs. A statement by the Chief Corporate Communications Officer of the firm, Olufemi Soneye, said the...

Tinubu Appoints Akintunde Sawyer as NELFUND Boss 

President Bola Tinubu has appointed a management team for the Nigerian Education Loan Fund (NELFUND)

Tinubu Appoints 36-year-old Engineer as CREDICORP Boss

President Bola Tinubu has approved the appointment of Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP).

LCCI: CBN Must Rethink MPR Hike Stance

The Lagos Chamber of Commerce and Industry (LCCI) is urging the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance so as to avoid further increases in the interest rate.