Business
FG to review export ban on raw shea nuts, over its impact on producers, exporters, FX earnings
The federal government on Thursday assured stakeholders in the shea industry that it will review the ban on raw shea nuts exports, citing ...
Legal
Court freezes Parallex Bank’s N7.15bn over unfulfilled letter of credit agreement
A High Court of the Federal Capital Territory (FCT), Abuja, on January 13, 2026, ordered the freezing of N7.15 billion belonging to Parallex ...
Business
Nigeria’s stock market rank third in Africa as number of listed companies hit 156
Nigeria’s stock market has been ranked as the third-highest in Africa by the number of listed companies, according to the Organisation for Economic ...
Business
Nigeria’s external reserves cross $45.04bn, marking strongest position in 6 years
Nigeria’s external reserves have crossed $45.04 billion, marking one of the strongest positions the country has recorded in six years. According to the ...
Business
Foreign exchange market now records $500m daily turnover without CBN participation – Cardoso reveals
The governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, stated that the country’s Foreign Exchange (FX) market now records an average ...
Business
CBN retains MPR at 27% to curb inflation, stabilize foreign exchange market
The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 27 percent, continuing its tight monetary stance ...
Business
CBN refute $1.269bn FX allocation report for petroleum imports
The Central Bank of Nigeria (CBN) has refuted reports claiming it allocated $1.269 billion in Foreign Exchange (FX) for petroleum product imports in ...
Business
Fuel subsidy removal: Without my refinery, dollar would have been sold at ridiculous rate – Dangote boasts (Video)
Business magnate and industrialist, Aliko Dangote, has attributed Nigeria’s recent currency stability and growing foreign reserves to the impact of the Dangote Refinery. ...
Business
Corporate treasurers urge CBN to revisit invalidated $2.2bn forward contracts
The Association of Corporate Treasurers of Nigeria (ACTN) has urged the Central Bank of Nigeria (CBN) to revisit and settle the outstanding portion ...