BUSINESS
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Naira grossly undervalued, says Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso says the Naira is grossly undervalued. Cardoso said…
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CBN raises interest rate by 400 basis points to 22.75 %
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR)…
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Systemic shortcomings in Boeing’s quality assurance – U.S. aviation authority
A month-long investigation by the U.S. Federal Aviation Administration (FAA) has found systemic shortcomings in aircraft maker, Boeing’s quality assurance.…
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NGX: Equity market opens week on negative trend, drops N51bn
The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday opened the week on a negative trend dropping by N51…
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NITDA, SMEDAN collaborate on SMEs database
The National Information Technology Development Agency (NITDA) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are collaborating…
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CBN seeks to enhance regulatory framework for BDCs, stakeholders
The Central Bank of Nigeria (CBN) has issued a draft of revised Regulatory and Supervisory Guidelines for all Bureau de…
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CBN intervenes on FX rates for Customs duty on importation
The Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange rates for Customs duty on importation.…
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BDC: CBN directs sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of…
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Capping: Kaduna Electric set to refund customers
The Kaduna Electric said it was set to comply with the Nigerian Electricity Regulatory Commission’s (NERC) directive mandating it to…
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Average price of petrol stood at N668.30 in January, says NBS
National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N257.12 in January…
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