Naira depreciates by 1.4% as CBN extends FX sales deadline BUSINESS Naira depreciates by 1.4% as CBN extends FX sales deadline dolotop February 4, 2025 The Naira depreciated at the official market on Monday, trading at N1,495.60 to a dollar. Data from...Read More
FX code will stabilise naira, ensure forex market transparency – TMSG BUSINESS FX code will stabilise naira, ensure forex market transparency – TMSG dolotop February 2, 2025 The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) as the...Read More
Naira ends week stronger against Dollar, gaining N11.17 BUSINESS Naira ends week stronger against Dollar, gaining N11.17 dolotop February 1, 2025 The Naira further appreciated in the official market on Friday, trading at N1,474.78 to the Dollar. Data...Read More
CBN imposes N150m fine on banks releasing new notes to hawkers BUSINESS CBN imposes N150m fine on banks releasing new notes to hawkers dolotop December 14, 2024 The Central Bank of Nigeria has announced a fine of ₦150 million on Deposit Money Banks found...Read More
All Naira banknotes remain legal tender – CBN BUSINESS All Naira banknotes remain legal tender – CBN dolotop December 14, 2024 By JOY ADARA, Abuja- The Central Bank of Nigeria (CBN) has said all denominations of Naira banknotes...Read More
CBN directs banks to improve cash disbursement over-the-counter and via ATMs BUSINESS CBN directs banks to improve cash disbursement over-the-counter and via ATMs dolotop December 4, 2024 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to ensure efficient cash disbursement...Read More
Bank customers decry shortage of cash as CBN reads riot act BUSINESS Bank customers decry shortage of cash as CBN reads riot act dolotop December 1, 2024 Some small business operators and residents in the Federal Capital Territory (FCT), have decried the scarcity of...Read More
NNPCL’s 1.6 billion liters PMS importation: A betrayal to Nigeria’s economic stability – CSOs NEWS NNPCL’s 1.6 billion liters PMS importation: A betrayal to Nigeria’s economic stability – CSOs dolotop November 22, 2024 By EZEKIEL OBI, Abuja – The Nigerian Coalition of Civil Society Organizations (NICOCSO) has strongly condemned the...Read More
CBN to sanction banks aiding, abetting hawking of naira notes BUSINESS CBN to sanction banks aiding, abetting hawking of naira notes dolotop November 16, 2024 By JOY ADARA , Abuja– The Central Bank of Nigeria (CBN) has said it would sanction Deposit...Read More
Naira bounces back, appreciates by 2.6% against dollar at official market BUSINESS Naira bounces back, appreciates by 2.6% against dollar at official market dolotop November 14, 2024 The Naira on Wednesday bounced back after consistent three days losses and appreciated at the official market...Read More
Dangote: ECCIMA blames continuous Naira depreciation to low local production BUSINESS Dangote: ECCIMA blames continuous Naira depreciation to low local production dolotop November 12, 2024 The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the...Read More
CSOs demand probe into cabal sabotaging local refineries, call for end to Petrol importation and sack of NNPCL MD, Kyari NEWS CSOs demand probe into cabal sabotaging local refineries, call for end to Petrol importation and sack of NNPCL MD, Kyari dolotop November 8, 2024 By EZEKIEL OBI, Abuja- The Nigerian Coalition of Civil Society Organizations (NICOCSO) has called on President Bola...Read More
Tinubu assures oil sector stability with naira for crude transactions NEWS Tinubu assures oil sector stability with naira for crude transactions dolotop October 30, 2024 President Bola Tinubu, on Tuesday, commended the Implementation Committee on the Naira-based sales of crude oil and...Read More
Naira crude sale has set economy on path of industrialisation – Edun Nigerian News Naira crude sale has set economy on path of industrialisation – Edun dolotop October 29, 2024 Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday, said the sale...Read More
CBN, IFC partner to boost Nigeria’s local currency financing BUSINESS CBN, IFC partner to boost Nigeria’s local currency financing dolotop October 28, 2024 The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of...Read More
Naira appreciates by 0.07% against dollar at official market BUSINESS Naira appreciates by 0.07% against dollar at official market dolotop October 26, 2024 The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the...Read More
No deadline on circulation of Naira notes, says CBN BUSINESS No deadline on circulation of Naira notes, says CBN dolotop October 25, 2024 The Central Bank of Nigeria (CBN) says it has not fixed any deadline for the circulation of...Read More
Naira gains 3.59%, closes at N1,600.78 to dollar BUSINESS Naira gains 3.59%, closes at N1,600.78 to dollar dolotop October 19, 2024 The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market....Read More
Naira loses N63.37 against dollar BUSINESS Naira loses N63.37 against dollar dolotop October 10, 2024 The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from ...Read More
Naira gains N73.39 against dollar at official market BUSINESS Naira gains N73.39 against dollar at official market dolotop October 9, 2024 The Naira on Tuesday appreciated by N73.39 at the official market, trading at N1,561.76 to the dollar....Read More