Ticket Revenue: CBN, Foreign Airlines Clash Over Unpaid $700m   The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it had ‘concluded the payment of all...

Banks’ Loan Portfolio Surged By N20.8trn   Despite the stringent policy measures implemented by the Central Bank of Nigeria (CBN), commercial banks in the country have witnessed a remarkable N20.8trillion Year-on-Year (YoY) growth in their total credit to the private sector, reaching a substantial N62.52 trillion...

NGX: Market Cap Sheds N857bn Over Sell-offs   The market capitalisation of the Nigerian Exchange Limited (NGX) recorded its second dip this year as it shed N857bn to close at N56,425tn on the back of sell-offs. The All-Share Index went down by 1.49 per cent on Tuesday...

CBN Warns Forex Dealers As Naira Plunges In Official Market   The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had closed at 1,348 against the greenback on Monday after the FMDQ...

Kerosene Averaged N1,362 per litre  in December 2023 – NBS   Consumers in December 2023 experienced a spike in the average retail price of kerosene reaching N1,362.27 per litre nationwide. This marked a 5.84 per cent increase compared to the N1,287.10 recorded in November 2023. The latest...

JUST IN: With $64.44m Addition, CBN Concludes Payment of FX Backlog to Foreign Airlines The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims of backlog of foreign exchange owed to foreign airlines, with an additional $64.44 million to the concerned...