Foreign Reserves Drop By $1.43bn In Ten Weeks
Official forex reserves status data report obtained from the Central Bank of Nigeria (CBN) indicated that forex reserves declined by $163.67 million last week. It capped a 10-week consecutive fall.
The data showed that forex reserves depleted from...
Fuel Subsidy Removal: Brace For N750/Litre Petrol, Stakeholders Tell Nigerians
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as...
Cash Crunch: Banks Dispense Cash Over Counter, Load ATMs
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made...
Emefele’s Aide Says E-naira Wallet Will Address Scarcity Of Cash
Mrs Mary Fasheitan, the Special Assistant on Payment to the Governor of the Central Bank, says that usage of the digital naira called eNaira currency, will address the scarcity of cash in the country.
Fasheitan stated...
Old Notes: CBN Orders Banks to Open Weekends as Emefiele Set to Supervise Evacuation
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation...
IPMAN, FG Disagree Over Port Harcourt Refinery Completion Date
The Independent Petrol Marketers Association of Nigeria has faulted the Minister of State for Petroleum, Chief Timipre Sylva, over his assurance on the completion of the Port Harcourt refinery.
Sylva had during a seminar recently in Abuja,...
