The Nigerian Electricity Regulatory Commission (NERC) on Wednesday approved an increase in electricity tariff for Band A customers.Band A customers are those that enjoy 20-24 hour electricity supply per day . Here’s... Read more »
The naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the naira gained N30.81 or 2.35... Read more »
Cadbury Nigeria Plc reported a pre-tax loss of N28.2 billion in FY 2023, marking a whopping 2269% decline from the N1.3 billion pre-tax profit posted in 2022. According to the company’s audited... Read more »
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024 for the fourth time. A statement from the bank on Monday revealed that... Read more »
The naira, on Monday, appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280 recorded on... Read more »
The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion and national banks to N200 billion. This sweeping financial reform, announced on... Read more »
The board of Eko Electricity Distribution Company has relieved its Managing Director/Chief Eexcutive Officer, Dr. Tinuade Sanda, of her duties as MD/CEO of the company. In a letter seen by Nairametrics and... Read more »
The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC at a rate of N1,251/$1. In a circular seen by Akelicious, each... Read more »
The Federal High Court sitting in Abuja has refused to restrain the Central Bank of Nigeria (CBN) from disbursing all accrued deposits paid into the CBN NIPOST stamp duty collection account by... Read more »
As controversy trails foreign airlines’ funds, the local currency continued on a recovery note yesterday with naira appreciating significantly against the dollar on the strength. The local currency continued on a recovery... Read more »
President of the National Association of Nigerian Travel Agencies (NANTA), Mrs. Susan Akporiaye in a chat with Daily Trust said as it currently stands the Federal Government is not owing foreign airlines... Read more »
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor of the apex bank. This development... Read more »
Excitement by the staff as Adaora Umeoji emerges the first female MD of Zenith Bank Plc. Read more »
Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth... Read more »
Transnational Corporation (Transcorp) Plc on Monday announced the listing of its subsidiary, Transcorp Power Plc via listing by introduction on the Main Board of the Nigerian Exchange (NGX). The Group, in a... Read more »
TOKUNBO / FOREIGN USED CARS BELOW: 2012 Toyota Camry LE + Alloy wheels @ 9.2m (Gold ) 2010 Venza Limited + Pano roof @ 15.5m 2011 Camry Sport + Thumbstart @ 10m... Read more »
Scores of liquor sellers, on Thursday in Ibadan, staged a peaceful protest against the prohibition of production and sales of sachet alcoholic beverages in the country by the National Agency for Food... Read more »
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$... Read more »
Two senior executives at Binance have been detained in Nigeria as Africa’s most populous country tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges. The executives flew... Read more »
Amid President Bola Tinubu’s government’s clampdown on cryptocurrency to save the battered naira, the world’s biggest cryptocurrency trading platform, Binance, has disabled its peer-to-peer function for Nigerian users. Peer-to-peer function, popularly known as... Read more »