The Central Bank of Nigeria (CBN) has directed all banks to accept old and redesigned naira notes indefinitely. The development is coming a few hours after the judgement of the supreme court. Last week, Lateef Fagbemi, attorney general of the federation, filed an application before the supreme court, seeking a deadline extension. Following the […]
The Central Bank of Nigeria (CBN) has disclosed plans to increase the capital base of banks in the country. In his speech at the 2023 Bankers’ Dinner on Friday, CBN Governor Dr Olayemi Cardoso said while there has been stability in the banking sector, banks in the country were not adequately capitalised to […]
The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155. This represents a 0.43 percent (N5) gain than N1,160 exchanged on Thursday at the parallel market. It could be recalled that the naira had steadied in the parallel market on Wednesday […]
Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has declared that there would be no shortfall in supply of petroleum products again this year. He gave the assurance on Wednesday at a meeting with the leadership of the Senate. Kyari told Senate President, Godswill Akpabio and other principal of the […]
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday said Nigeria will be a net exporter of petroleum products in 2024. NNPCL Group Managing Director, Mele Kyari made this known when he paid a courtesy visit to the Senate President, Godswill Akpabio, as well as 14 other ranking Senators. The NNPCL boss also revealed […]
Festus Keyamo, minister of aviation and aerospace development, says Emirates Airline will soon announce the exact date of their resumption of flight operations to Nigeria. The minister made this known on Sunday in a post on his X page. Keyamo said he spoke with representatives of Emirates Airline regarding their Dubai to Nigeria flights […]
The pump price of Premium Motor Spirit, popularly called petrol, may be reduced in filling stations operated by independent marketers this week, following the massive imports of PMS by the Nigerian National Petroleum Company Limited, oil dealers stated on Saturday. It was gathered that the recent hike in petrol prices at retail outlets operated […]
There is no respite yet for the nation’s currency as the naira recorded the biggest fall in recent times exchanging for N1,105 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Central Bank of Nigeria (CBN) approved official market. The currency depreciated by over N200 within hours after it opened earlier in the day […]
The Chief Executive Officer (CEO) of Air Peace Allen Onyeama has joined the growing list of persons to have faulted the push for a national carrier, describing the idea as moribund and a drain pipe. Nigeria had months back launched a national carrier Nigeria Air. But the move, steeped in controversy, was suspended by […]
Nigerians may be in for more pains as Multichoice, owners of DStv and GOtv, announced that a new price bouquet will take effect from November 6. This is coming at a time Nigerians continue to battle the ripple effect of fuel subsidy removal, inability to have healthy meals due to jumping inflation, weakening value […]
