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Finance & Economy - Page 324

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Naira Ends Week With N59.71 Gain At Official Market

Finance & Economy·News

MAN Urges Banks To Comply With CBN Directives On Sale Of Forex

Manufacturers Association of Nigeria (MAN) has advised commercial banks to strictly adhere to the Central Bank of Nigeria (CBN) directives on the sale of foreign exchange to eligible customers. Dr Okwara Udensi, MAN Chairman, Edo/Delta chapter, made this appeal during a recent

July 31, 2021

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Finance & Economy·News

CBN, Nigerian Banks Collude Against Currency Speculators

The Central Bank of Nigeria and it’s stakeholders are forming a coalition against currency speculators who profit from round tripping and other currency manipulation practices. The naira appreciated in the late hours of Thursday to N520/$ from the previous day’s close of

July 30, 2021

Finance & Economy·News

CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters

The Central Bank of Nigeria (CBN) will commence the immediate refund of capital deposits and licensing fees to Bureaux de Change (BDC) promoters who have pending licence applications. The CBN announced this in a circular signed by Ibrahim Tukur, director of financial

July 30, 2021

Finance & Economy·News

BDC Operators Vow To Independently Source Forex

The Association of Bureau De Change Operators of Nigeria (ABCON) has in response to the ban by the Central Bank of Nigeria, assured members of the public that Bureau De Change operators will continue to provide foreign exchange services. ABCON disclosed that

July 30, 2021

Currency·Finance & Economy

Naira Gains At Official Investors Window

As the official investors and exporters windows closed on the 28th of July, the naira gained on the dollars closing N41.6/$1 representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. At the parallel market, naira declined significantly by

July 29, 2021

News·Oil & Gas

Buhari Explains How AKK Project Will Enhance Gas Utilization For Industrialisation

President Muhammadu Buhari has explained that successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated this at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) Forum organised

July 29, 2021

Finance & Economy·News

CBN Orders Banks To Set Up Forex Teller Points

The Central Bank of Nigeria (CBN) has directed banks to set up teller points in designated branches to sell foreign currencies including the dollar to Nigerians. The directive which followed the CBN’s decision to stop the sale of forex to Nigerians through

July 29, 2021

News·Oil & Gas

DPR Shuts 13 Gas Stations In Akwa Ibom State

No fewer than 13 cooking gas stations were sealed in July by the Department of Petroleum Resources(DPR), Eket Field Office, for illegal operation. This was disclosed on Thursday by Operations Controller if DPR, Mr Victor Ohwodiasa in Akwa Ibom. Ohwodiasa said the

July 29, 2021

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy·News

BDC Operators To Meet With CBN Governor Over Forex Ban

Banned operators of Bureau De Change are set to meet with Governor of Central Bank of Nigeria (CBN) Mr. Godwin Emefiele. The operators under the auspices of Association of Bureau de Change Operators in Nigeria (ABCON) said they will meet with the

July 29, 2021

Finance & Economy·News

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

In order to boost electricity supply within the country, Central Bank of Nigeria (CBN) disbursed N156.33 power Distribution Companies (Discos). The Apex bank also disbursed N36.04 billion to 17 Meter Asset Providers and 9 DisCos, for the procurement and installation of 657,562

July 29, 2021

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Finance & Economy - Page 324

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

MAN Urges Banks To Comply With CBN Directives On Sale Of Forex

CBN, Nigerian Banks Collude Against Currency Speculators

CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters

BDC Operators Vow To Independently Source Forex

Naira Gains At Official Investors Window

Buhari Explains How AKK Project Will Enhance Gas Utilization For Industrialisation

CBN Orders Banks To Set Up Forex Teller Points

DPR Shuts 13 Gas Stations In Akwa Ibom State

BDC Operators To Meet With CBN Governor Over Forex Ban

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

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Finance & Economy - Page 324

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