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CBN orders BDCs to sell US Dollars at N1,314.01/US$
The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the gap between the official and unofficial…
Nestle Nigeria reports N104 billion loss in 2023, wipe out shareholder funds
Nestle Nigeria Plc reported a loss before tax of N104 billion for the fiscal year ending 2023, compared to a profit…
BREAKING: CBN commence sales of forex to BDCs
The Central Bank of Nigeria (CBN) has permitted the sale of foreign exchange to qualifying Bureau De Change…
Forex crisis: Over $26 billion has flowed through Binance without trace in four…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, claims more than $26 billion has been funneled through…
Rising inflation: CBN hikes interest rate to 22.75%
The Central Bank of Nigeria has raised the monetary policy rate, or interest rate, by 400 basis points to 22.75…
SINET mounts more pressure on probe of $2.4Bn Forex Trading Fraud
The Social Integrity Network (SINET) has asked additional clarity on a statement attributed to the Central Bank of…
JUST-IN: Cement prize crashes to N7000 after FG’s meeting with manufacturers
Cement dealers have agreed to reduce the price of the product to between N7,000 and N8,000 per 50kg, depending on…
Naira slums to N2,000 against pound at parallel market
Nigeria's indigenous currency is currently worth more than 2,000 naira against the British pound on the parallel…
My job is the second most challenging one in the world: Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has told Nigerians that the country's economy will…
Just in: BUA increases employees salary by 50%
Abdul Samad Rabiu, Chairman of BUA Group, announced that the company has granted a 50% compensation increase for…