Dave Ibemere
4570 articles published since 20 Sep 2021
4570 articles published since 20 Sep 2021
The Central Bank of Nigeria has sent a note warning the public against fraudsters falsely claiming contract awards and has Nigerians to be vigilant.
The Nigerian government explained the reason for readjusting the benchmark exchange rate for the 2024 budget from N750 to N800 per dollar, stating that it's okay.
The Central Bank of Nigeria has released the maximum and minimum lending rates for all banks, with Guaranty Trust Bank offering lowest rate and Stanbic Bank highest.
The Nigerian currency, the naira, is expected to weaken against the US dollar in the foreign exchange market, according to Veriv Africa, a data insights firm.
The Nigeria Customs exchange rate has been increased again, meaning companies, importers will pay more to clear goods at the nation's ports and airports.
The price of Premium Motor Spirit (PMS) is set to change as the Independent Petroleum Marketers Association of Nigeria (IPMAN) discusses with the Dangote Refinery.
Nigeria's top cement manufacturers, including Dangote, Lafarge, and BUA, have recorded increased revenue, but the cost of production has slashed their profits.
The naira depreciated in official trade to N1,652.25/$1 despite higher forex turnover, but gained in the black market as traders quote new exchange rates.
The Central Bank of Nigeria (CBN) has instructed banks to ensure Automated Teller Machines (ATMs nationwide are stocked with cash, warning of penalties.
Dave Ibemere
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