Nigerian Government Teams Up with States to Secure $500 Million World Bank Funding
The Nigerian government has announced that it is ramping up efforts with the 36 state governments to participate in the $500 million World Bank-assisted loan fa...
Business & Money · Page 25
Naira Falls Again Against US Dollar as CBN Implements New Policies
The naira reverted to depreciation against the United States dollar at the official and parallel foreign exchange markets amid the Central Bank of Nigeria’s swe...
"Crude Oil Surge: CBN Grants IOCs Full Freedom to Repatriate Export Earnings"
The Central Bank of Nigeria has reversed its policy of cash pooling requirements for International Oil Companies operating in Nigeria, allowing the IOCs to repa...
CBN Guarantees Union Bank's Stability Following Court Decision
The Central Bank of Nigeria, CBN, has acknowledged the judgment of the Federal High Court in Lagos over its regulatory action against Union Bank of Nigeria Plc,...
OML 245: Nigerian Government Responds to Atiku's Remarks
The Nigerian government has refuted the claim advanced by former Vice President Atiku Abubakar over the Mining Lease OML 245 dispute resolution by President Bol...
Nigerian Depot Owners Slash Fuel Prices, Outdoing Dangote Petrol!
Nigerian petroleum depot owners, on Wednesday, reduced their ex-depot petrol price per liter lower than Dangote Refinery’s gantry fuel. Checks by DAILY POST rep...
Global Oil Price Plunge Reignites Demand for Cheaper Petrol at Dangote Refinery
The recent drop in global crude oil prices on Tuesday has triggered fresh calls for the Dangote Refinery to reduce its petrol price, currently pegged at N1,245...
Naira Makes Gains: First Appreciation Against the US Dollar!
The Naira appreciated on Tuesday against United States dollar at the official foreign exchange market for the first time in two working days. The Central Bank o...
Oil Prices Tumble Following Trump's Recent Actions
Oil prices fell by over 5% following reports that US President Donald Trump has sent a peace proposal to Iran. Brent crude oil, which serves as the global marke...
CPPE Urges FG to Dismiss New Tax on Sugary Drinks
The Centre for the Promotion of Private Enterprises, CPPE, has urged the Nigerian government to reject the proposal to impose an additional tax on sugar-sweeten...
Dangote Sounds Alarm: Africa's Dependence on Imported Fuel Could Come at a Cost
Africa’s richest man, Aliko Dangote, has warned that the continent risks severe economic consequences if it fails to reduce its dependence on imported fuel amid...
Naira Takes a Significant Hit Against the Dollar Following Eid-ul-Fitr Break
The Naira depreciated massively against the dollar at the official foreign exchange market on Monday upon resumption of trading after Eid-ul-Fitr break. Central...