Business

CBN Okays eNaira as Payment Option for Diaspora Remittance

It said the move was in furtherance of efforts to liberalise the payout of diaspora remittances.

2 years ago

Four More Countries Show Interest in $25bn Nigeria-Morocco Gas Pipeline

The pipeline which will originate from Brass Island (Nigeria) will supply gas to Morocco, 13 other African countries and Europe.

2 years ago

IMF Salutes FX Unification as Naira Rises to N663/$1 at I&E Window

The Fund said it's ready to provide technical assistance to enable the policy succeed.

2 years ago

Naira Expected To Reach N600 to $1 In Coming Months, Says JP Morgan

It was reported on Wednesday that the naira, during trading hours at the I&E window, sold for between N750 and…

2 years ago

Tinubu’s Advisory Council Recommends Raise In Capital Requirements of BDCs Operators

If this recommendation is implemented, many BDC operators may be forced to shutdown.

2 years ago

Goldman Sachs: Naira Devaluation Not Sufficient Condition for Exchange Rates Unification, Wants Clarity on FX Restrictions

It said $12bn is needed to clear FX backlog  as currency unification jerks public debt to N82 trillion.

2 years ago

Oil Marketers Demand Full Payment for Outstanding Petrol Equalisation Arrears

They said the price of a 45,000-litre truck jumped from N7m to N25m and insist no funds for new stock…

2 years ago

Shell Confirms Fresh Spill on Oil Facility in Eleme

A Shell spokesperson disclosed that the Joint Venture and other stakeholders have commenced investigation to unravel the cause of the…

2 years ago

Energy Transition: Experts Urge Government To Address Constraints To Private Sector Participation in E-Mobility Space

They also projected that Nigeria would need over $250bn annual investment in the transport sector to meet the Sustainable Development…

2 years ago

Nigeria’s Inflation Rate Rises To 22.41% Amid Fuel Subsidy Removal

This is the fifth consecutive rise in the Nigeria’s inflation rate in the year 2023.

2 years ago