The Central Bank of Nigeria (CBN) has completed the payment of all verified foreign exchange (FX) claims owed to airlines. The latest disbursement, totaling $64.44 million,...
Russia, in a new push to expand its influence in Africa, is recruiting for an armed force to replace the Wagner group’s mercenaries across the continent....
Flour Mills of Nigeria Plc (FMN) grew profit before tax by 29% to N8.5 billion in the third quarter (q3) ended December 31, 2023. According to...
Amidst a wave of controversy and mixed sentiments, the Central Bank of Nigeria (CBN) is forging ahead with its plan to redeploy approximately 1,500 staff members...
Despite the Central Bank of Nigeria’s (CBN) injection of $500 million to address the backlog of verified foreign exchange transactions, the Nigerian Naira plummeted to a...
As geopolitical tensions mount in the wake of the deadly attack on American troops in Jordan, the global oil market braces for potential ramifications, with Brent...
As of January 30th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1450 NGN in the black...
Saudi Arabia’s state-owned oil company, Aramco, has decided to suspend its ambitious plan to boost oil production capacity to 13 million barrels per day (bpd) as...
Dangote Refinery, Africa’s largest oil refinery owned by Aliko Dangote, has initiated plans to import crude oil from the United States. The refinery, set to become...
Tragedy struck outside Access Bank’s premises in Jalingo, the capital of Taraba State, as an unidentified customer collapsed and passed away shortly after exiting the bank...
