Heirs Energies, billionaire Tony Elumelu’s company and operator of OML 17 has promised to revive 100 dormant oil wells in 100 days, boosting Nigeria’s production.
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CBN moves to lock out POS operators' machines, reasons emerge
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New Zealand opens 3-year Seasonal Visa: Nigerians can now apply for jobs abroad
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CBN releases new exchange rate to buy and sell dollars as naira crashes
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Foreign reserves rise to highest level in 4 years, CBN releases new exchange rates
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New 2025 income rules: Nigerians in Canada must earn over $30k to bring parents, grandparents
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Again, CBN reduces customs exchange rate to clear goods at ports
The improvement of the Nigerian currency in the Nigerian Autonomous Foreign Exchange Market (NAFEM) has allowed the CBN to reduce the Customs exchange rate.
Dangote, 3 other Nigerian billionaires’ wealth drops to $23.8 billion in 2024
Aliko Dangote and four other Nigerian billionaires suffered significant losses in their wealth in 2024, caused mainly by the naira devaluation by the government.
NNPC takes action to crash cooking gas prices in Nigeria
The Nigerian National Petroleum Company Limited(NNPCL) is making another effort to ensure enough domestic cooking gas supply to help reduce prices.
Banks announce new cash withdrawal limit for customers as POS operators adjust charges
Nigerian banks have begun responding to a directive from the Central Bank of Nigeria to ensure sufficient cash is available at counters and ATMs.
New exchange rate as dollar sells cheaper in all forex markets
The Central Bank of Nigeria has released a new exchange rate for the naira against the US dollar and other currencies as Nigerian currency appreciates.
Reps make demand to CBN as PoS operators announce new charges for deposit, withdrawals
The Central Bank of Nigeria Governor and Chief Executives of Banks may have to appear before the House of Representatives over Point of Sale (POS) operations.
Icons of Influence: Africa’s 20 richest billionaires shaping wealth, luxury and impact
Africa’s top billionaires have amassed their wealth through innovation, resilience, and visionary business strategies, transforming industries along the way.
CBN sets new customs exchange rate to clear goods, importers to pay more
The Central Bank of Nigeria has decided to adjust the Customs exchange rate as the naira falls in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
15 key points to note as CBN's electronic matching system for FX transactions kicks off
The Central Bank of Nigeria (CBN) has finally begun using an Electronic Foreign Exchange Matching System (EFEMS) and there is hope of stabilising naira.
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