Finance & Economy - Page 65

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

NNPCL has revealed that it is on track to complete mechanical phase rehabilitation of the Warri Refining and Petrochemical Company (WRPC) in the first quarter of 2024.

Victor Ezeja

10 months ago

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Latest News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday

Victor Ezeja

10 months ago

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

Emmanuel Ochayi

10 months ago

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·Latest News

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria has witnessed a surge in currency in circulation (CIC), with an increase of N890 billion within the short span of three months under the leadership of Governor Cardoso at the Central

Emmanuel Ochayi

10 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Economic analysts have expressed optimism that the latest policy measures issued by the Central Bank of Nigeria will have a positive impact on the foreign exchange market and the economy in general.

Victor Ezeja

10 months ago

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·Latest News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6%

Emmanuel Ochayi

10 months ago

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Tinubu has instructed key government figures and agencies, including the Attorney-General of the Federation, Lateef Fagbemi, and Minister of State for Petroleum Resources, Heineken Lokpobiri, to expedite the resolution of all court

Emmanuel Ochayi

10 months ago

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

Emmanuel Ochayi

10 months ago

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth forecast for 2024, downgrading it to 3.0% from the previously predicted 3.1%. In its ‘World Economic Outlook Update, January 2024,’ released on

Emmanuel Ochayi

10 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation

Victor Ezeja

10 months ago

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Finance & Economy - Page 65

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

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