Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges... Read more »

The Nigerian currency, the naira reversed the recent depreciation against the dollar on Wednesday May 15, 2024 to trade at N1, 459/$1 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has... Read more »

The naira extended its weakness on the official market on Tuesday, as it closed at N1,520.40/$1 compared to N1,478.11 per dollar the previous day, data from FMDQ shows. Similarly, the local currency... Read more »

The cybersecurity level being proposed by the federal government may leave a tax burden of N1.5 trillion on businesses and households in the country, a leading accounting firm Kreston Pedabo has said.Senior... Read more »

The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday.Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per... Read more »

The International Monetary Fund (IMF) has called on the Nigerian government to scale up its cash transfers to help poor Nigerians manage the current cost of living crisis. cost of living crisis... Read more »

Trade Union Congress (TUC) and Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, asked the federal government to rescind the decision to impose a cybersecurity levy on citizens’ bank transactions. In... Read more »

Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total... Read more »

This follows recent reforms implemented by the Central Bank of Nigeria, which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as... Read more »