business
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Except Electricity tariff hike as FG Hikes Gas Price By 11%,
The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous…
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Notore Chemical Industries Board Receives Femi Agbaje as New Chairman
Mr. Femi Agbaje has taken over the mantle of leadership as the Chairman of the Board of Directors. Agbaje replaced General Dr. Yakubu Gowon, who retired from the Board of…
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Naira Declines to ₦1,280/$ at Parallel Market
The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a 5.19 percent appreciation from the…
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CBN N500b Capital Requirements Alerts Potential Bank Merging
A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN).Acting Director, Corporate Communications, Mrs. Hakama…
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BDCs Dispel Viral Post, Dollar Not Selling at N1,000/$1
Bureau De Change operators have refuted reports circulating on X (formerly Twitter) regarding the dollar selling at N1,000 in the parallel market. There have been rending reports on X that…
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Naira Continues to Strengthen Against USD in Forex Market
The Naira continued its appreciation against the US Dollar at the foreign exchange market as USD transactions surged. FMDQ data showed that the Naira appreciated to N1,572.82 per USD upon…
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CBN Recapitalization Standards: Only Seven Banks Qualify
17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according…
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