Nigeria - The local currency, Naira, reached a new low over the weekend, trading at N803.9 to a dollar in the Investors & Exporters (I&E) window, which serves as the...
Nigeria's inflation rate continued its upward trend, reaching approximately 24 percent in June, according to projections by various analysts. This marks the sixth consecutive month of rising inflation, with economic...
The Nigeria Civil Aviation Authority (NCAA) has issued a stern warning to aviation fuel suppliers (JETA1) involved in supplying contaminated fuel to airlines in the country. The regulatory body has...
The exchange rate between the Nigerian naira and the US dollar plummeted to a record low of N803/$1 at the investor and exporter window on Friday, July 15, 2023. This...
The Central Bank of Nigeria (CBN) has introduced new corporate governance guidelines for commercial, merchant, non-interest, and payment service banks in the country. Among the key provisions is a restriction...
In recent developments, the value of the British Pound in Nigeria's black market has increased, with the exchange rate reaching N1055.8/£1. This marks a slight rise from the previous rate...
The Nigeria Electricity Regulatory Commission (NERC) has taken steps to approve an increase in electricity tariff by the Distribution Companies (DISCOs) in Nigeria. In a public notice, NERC has invited...
The Central Bank of Nigeria (CBN) has announced the revision of tenure limits for executive directors (ED), deputy managing directors (DMD), and managing directors (MD) of banks and bank holding...
Wema Bank has recently informed its customers that it has introduced a monthly limit of $500 for international spending conducted through its naira cards, according to a note sent out...
Access Bank Plc has entered into an agreement to acquire the sub-Saharan subsidiaries of Standard Chartered Bank, marking a significant development in the banking sector. Under the acquisition deal, Standard...