CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators.
It disclosed this in a circular uploaded to its website on Monday.
The apex bank said it is set...
Naira Exchanges for 1245 Against Dollar in Official Window
The naira has reached its highest level against the dollar since January 2023, trading at N1,245 to the dollar at the official window.
This represents the fourth straight week of gains for the local currency, which has...
Petrol: Oil Marketers Propose N550/litre Price to Dangote
AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to...
External reserves drop by $1.02bn – CBN report
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up efforts aimed at defending the naira.
On March 18, 2024, the FX reserves stood...
FG Commences 700MW Zungeru Hydroelectric Power Plant Trial
The Federal Government, on Sunday, announced that testing has commenced on the 700 megawatts Zungeru Hydroelectric Power Plant ahead of the evaluation of electricity from the facility to the national grid.
It also stated that the $1.3bn project,...
Transformers, Substations for $2.3bn Siemens Power Project Arrive Nigeria
Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday.
The development came a few months after the...
