Naira extends gain against dollar despite forex liquidity drop
The naira gained further last week despite the over 50 percent decline in liquidity in the foreign exchange market. The
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Nigerian stock rally loses steam after bumper rate hike
The rally in the Nigerian stock market has hit a speed bump after two straight hikes in interest rates by
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Electricity customers wrongly billed at new rate to get refund – NERC
The Nigerian Electricity Regulatory Commission (NERC) has said all customers wrongly billed at the new rate should be refunded through
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Naira sinks to 1,665/$ on official market as liquidity dips
The naira closed at a new record high of 1,665.50 per dollar on the official foreign exchange market on Friday
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CBN wants BDCs to request BVN, passport, others for dollar sales
The Central Bank of Nigeria has released a draft revised guidelines for Bureau de Change operations that will require BDCs
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CBN to stop BDCs from selling FX to businesses, financing political parties
The Central Bank of Nigeria released on Friday a draft revised guidelines for Bureau de Change operations that include the
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Power minister wants payments for gas in naira
The Minister of Power, Bayo Adelabu, says he is working towards ensuring that electricity generation companies, also known as GenCos,
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NNPC to keep ‘significant portion of revenues’ with CBN
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mele Kyari, and the Governor of
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NNPC says no plans to hike petrol price
The Nigerian National Petroleum Company (NNPC) Ltd has said there is no imminent increase in the pump price of petrol.
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No plans to convert domiciliary account deposits to naira – CBN
The Central Bank of Nigeria has said there are no plans to convert deposits in domiciliary accounts to naira. The
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