Business - Page 227

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

CBN Releases Another Round Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

In its relentless push to stabilise naira in the foreign exchange market, the Central Bank of Nigeria (CBN), has announced another round of sales of FX to eligible Bureau de Change (BDCs)

Victor Ezeja

April 8, 2024

Business·Travel

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has explained why Nigerian airlines have in the past been unable to compete favorably with their international counterparts in the aviation industry.

Victor Ezeja

April 8, 2024

Business·News

Food Crisis: Nigerian Govt Launches Distribution Of 42,000MT Of Grains Across The Nation

The Nigerian government has commenced the distribution of 42,000 metric tonnes of grains across the nation, aiming to alleviate the food crisis exacerbated by the ongoing economic challenges. The initiative, spearheaded by

Emmanuel Ochayi

April 8, 2024

Business·Markets·News

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

Praise Ihensekhien, a financial expert at Meristem Securities Limited, has suggested that the Nigerian government should consider adopting alternative currencies for import transactions to alleviate the FX crisis and stabilize the Naira.

Emmanuel Ochayi

April 8, 2024

Why Nigerian Govt Fails To Meet 6,000MW Power Target – Minister

Business·News

$2.3bn Siemens Power Project Transformers Arrive Nigeria, Minister Confirms

Minister of Power, Adebayo Adelabu, announced on Sunday that transformers and substations designated for the $2.3bn Siemens power project have reached the country, marking significant progress in the project’s implementation. “In 2018,

Emmanuel Ochayi

April 8, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

Volatile Week As Equity Market Sheds N623bn In Value

Last week, the equity market in Nigeria faced turbulence, losing N623bn in value as fund managers maneuvered their portfolios ahead of the impending first-quarter results. The market indices took a hit, with

Emmanuel Ochayi

April 8, 2024

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Finance & Economy·News

CBN Explains $950m Drop In External Reserves In 17 Days

Nigeria’s Central Bank, CBN, shed light on the drop of $950 million in the nation’s external reserves over 17 days, marking a notable economic shift in the country. According to recent data

Emmanuel Ochayi

April 8, 2024

Naira Ends Week With N59.71 Gain At Official Market

Business·Markets·News

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

The Association of Bureaux De Change Operators of Nigeria (ABCON) has made a pressing appeal to the Central Bank of Nigeria (CBN) to consider adjusting its applicable exchange rate. ABCON’s National President,

Emmanuel Ochayi

April 8, 2024

Cost Of Living Worsens As New Petrol Price Hits Hard On Nigerians

Business·News

Why Petrol Queues Returned To Lagos, Abuja, Port Harcourt Filing Stations

Fears of possible reduction in petrol price fueled artificial scarcity and caused return of queues at filling stations, especially in Lagos, Abuja and some parts of Port Harcourt this weekend.

Victor Ezeja

April 7, 2024

Nigerian Electricity Regulatory Commission (NERC) has announce reduction of electricity tariff for band A customers from N225 per kilo watt hour (kWh) to N206.8kWh with effect from May 2024.

Business·Power

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the new increase of electricity tariff will reduce subsidy for electricity generation by 40 per cent while the Federal Government would still retain about 50

Victor Ezeja

April 7, 2024

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Business - Page 227

CBN Releases Another Round Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators – Keyamo

Food Crisis: Nigerian Govt Launches Distribution Of 42,000MT Of Grains Across The Nation

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

$2.3bn Siemens Power Project Transformers Arrive Nigeria, Minister Confirms

Volatile Week As Equity Market Sheds N623bn In Value

CBN Explains $950m Drop In External Reserves In 17 Days

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

Why Petrol Queues Returned To Lagos, Abuja, Port Harcourt Filing Stations

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

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