Business & Economy
NIES 2024 organisers unveil speakers scheduled for the global energy summit
Distinguished speakers confirmed to participate in the forthcoming Nigeria International Energy Summit (NIES) 2024 have been unveiled. The Summit, which...
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Why Shell’s plan to sell its shares in some oil, gas assets to Nigerian firms is yet to receive regulatory consent – NUPRC
The alleged plan by Shell Petroleum Development Company (SPDC) to sell its shares in some oil and gas assets to...
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No plan to convert $30bn domiciliary deposits into Naira
The Central Bank of Nigeria (CBN) says it has no plans to convert $30bn deposits in domiciliary accounts to Naira....
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CBN issues modified guidelines on implementation of cash reserve requirement
The Central Bank of Nigeria (CBN) has introduced a modified mechanism for the implementation of the cash reserve requirement (CRR)...
Read moreCBN confirms completion of settlement of all outstanding verified FX claims by foreign Airlines
In continuation of its effort to clear the backlog of foreign exchange in key sectors of the economy, the Central...
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UPDATED: ALSCON: Implications of the Supreme Court’s ruling and the way forward
By Bassey Udo On Friday, January 26, 2024, the Supreme Court sent the former Director-General of the Bureau of Public...
Read moreFX market distortion: CBN warns against reporting inaccurate, misleading data
The Central Bank of Nigeria (CBN) on Monday warned authorised dealers in foreign e, change and their customers against reporting...
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CBN injects $500m to settle confirmed cumulative FX liabilities in key sectors
To offset cumulative foreign exchange liabilities weighing down growth in the country’s economy, the Central Bank of Nigeria (CBN) on...
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Reconstructing the truth in NNPC Ltd’s 2022 Audited Accounts
By Waziri Adio NNPC Limited, Nigeria’s national oil company, released its 2022 audited financial statement late Thursday. The audited statement...
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Despite declaring N2.52trn profit in 2022, NNPC spent over 76% of income on petrol imports, other costs, report reveals
Despite declaring a profit after tax of N2.52trillion, the Nigerian National Petroleum Company Limited, and its affiliates as a Group...
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