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Mobil’s Assets Acquisition Will Be Transformational For Seplat Energy – Brown

Seplat Energy Plc said it has released the applicable exchange rate used in determining its third quarter 2024 dividend payout to qualified shareholders who...

CBN Gives Deadline For Banks, Others To Migrate To Electronic Fx Matching System

The Central Bank of Nigeria (CBN) has introduced the Electronic Foreign Exchange Matching System (EFEMS) for conduct of Foreign Exchange transactions on the official...

Dangote Feels Heat Of Economic Crisis As Net Worth Drops By N1.88tn

Africa’s richest man and Chairman of Dangote Group, Aliko Dangote is feeling the heat of Nigeria’s economic crisis with his net worth shedding $1.1bn...

Naira Crashes To N1,580 Despite Five Circulars Issued By CBN

The naira has continued its losing streak and has reached a record low against the US dollar despite a boast by the Central Bank...

I&E Forex inflows into NAFEM surge 66.7% to $2.2bn

Foreign exchange inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) surged by 66.7 per cent last week to $2.2 billion after banks complied...

Naira Crashes By N255/$ In A Single Day At Official Window, As Currency Nears Convergence With Parallel Market

The naira has crashed to N1,099.05 per dollar on Friday at the official foreign exchange window, bringing it closer to the rate traded at...

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