Nigeria Spends $3.5 Billion Servicing External Debt in 2023- DMO Reports
Nigeria has disbursed a total of $3.5 billion to service its external debt stock of $42.5 billion throughout 2023, according...
Naira’s Surge Elevates Aliko Dangote’s Wealth to $15.3 Billion
Aliko Dangote, Africa's wealthiest individual and the president of Dangote Group, has experienced a remarkable surge in his fortune amid...
OPS Takes Legal Action Against Banks Over Rejected Forex Applications Worth $7bn
Some businesses operating under the umbrella of the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial...
Naira Continues Steady Appreciation Against US Dollar, Reaching N1,382/$ at Official Market
The Nigerian naira maintained its upward trajectory against the United States dollar on Thursday, marking a notable gain of N18...
CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele
The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during...
CBN Clears Forex Debt, Triggers New Exchange Rate Expectations
The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that...
Banks Introduce Stricter Requirements for Forex Buyers, Demand Three-Year Tax Clearance
In a move to enhance compliance and regulatory oversight, several banks in Nigeria have implemented new measures requiring customers to...
Naira Strengthens to N1,460/$ in the Parallel Market
In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge...
NNPC to Take Decision (FID) on $25 Billion Nigeria-Morocco Gas Pipeline in 2024
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, has announced that...
Naira Strengthens to N1,560.57 Against Dollar on Official FX Market
The naira has surged against the US dollar, now quoted at N1,560.57 on the official market. This upward momentum reflects...
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