Directors of banks support the Central Bank of Nigeria’s decision to sell surplus dollars
The Bank Directors Association of Nigeria expresses its support for the Central Bank of Nigeria's directive, urging commercial banks to cease "hoarding" foreign currencies.
In...
Fuel queues: NNPCL dispels concerns about scarcity, attributes the issue to distribution challenges
The Nigerian National Petroleum Company Limited has clarified the cause behind extended queues at certain filling stations in Lagos State, attributing the situation to...
The Naira depreciates on the parallel market while gaining value at the official window
The official forex market saw a strengthening of the naira on Monday, as Central Bank of Nigeria Governor Olayemi Cardoso assured ongoing efforts to...
CBN implements a revised cash reserve approach
The Central Bank of Nigeria has announced the discontinuation of daily Cash Reserve Ratio debits, opting for an updated Cash Reserve Requirement mechanism.
This strategic...
NNPCL has granted concessions for 36 oil blocks to IOCs and other entities
The most recent data from the Nigerian National Petroleum Company Limited reveals that no fewer than 36 oil blocks are currently under concession to...
