Business

To Control Amount of Cash in Circulation, CBN Sets New Withdrawal Limits

Individuals have been restricted to N100,000 weekly while for corporates its N500,000; ATM withdrawals pegged at N100,000 weekly.

2 years ago

Buhari To ICAO: Nigeria Will Sustain Investment In Aviation Sector

"Nigeria has ratified all international air law instruments like the Montreal Protocol and amendments to some articles of the Chicago…

2 years ago

Nigeria Will Meet 1.8 Million B/D OPEC Quota by May 2023, Says Sylva

He insists the country will stop importing petrol before third quarter of next year and assures Nigerians of more oil…

2 years ago

Ireland’s Paschal Donohoe Reelected Eurogroup Chair

The Eurogroup is an informal body of eurozone finance ministers, but its chief carries weight in Brussels policy-making.

2 years ago

Oil Prices Rise as Cap on Russian Crude Kicks In

A separate decision by major oil-producing countries to keep cutting how much they produce has also fuelled the rise.

2 years ago

Zenith Wins ‘Bank of the Year Nigeria’ at The Banker’s Awards

According to the Banker, Nigeria's Bank of the Year award was among the continent's most hotly contested this year, befitting…

2 years ago

OPEC+ Keeps Steady Policy Amid Weakening Economy, Russian Oil Cap

The decision comes two days after the Group of Seven (G7) nations agreed a price cap on Russian oil.

2 years ago

Oil Pollution: Nigeria’s Supreme Court Gives Shell Go-Ahead to Appeal $1.8bn Court Order

The legal dispute is currently delaying the oil giant’s efforts to sell some assets in Nigeria.

2 years ago

Nigeria Says It Lost N113m over Abuja-Kaduna Railway Closure, Reopens Route Monday 

"We shouldn't only look at the Naira and kobo the railway would have been able to make, but include all…

2 years ago

Russia Rejects $60-a-Barrel Cap on its Oil, Warns of Cutoffs

Australia, Britain, Canada, Japan, the US and the 27-nation EU agreed Friday to cap what they would pay for Russian…

2 years ago