CBN Kicks Off Review of Banks’ Capital Plans Ahead of 2026 Recapitalisation
Gloria As the May 31, 2026, banking system recapitalisation deadline approaches, the Central Bank of Nigeria (CBN) has initiated…
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Nigerians Paid ₦1,555 Per Liter for Kerosene in June – NBS Report
Kerosene Prices See Significant Increase in June 2024 The National Bureau of Statistics (NBS) has reported that Nigerians…
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CASER Calls for Activation of Existing Oil Metering Contracts to Prevent Revenue Loss
The Federal Government has been urged by the Citizens Advocacy for Social and Economic Rights (CASER) to activate…
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Nigeria’s Jet Fuel Import Costs Plunge by 87% to N31 Billion in Q1 2024
Nigeria's expenditure on importing Jet A-1 fuel dropped dramatically by 87% in the first quarter of 2024 (Q1’24),…
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NNPCL Addresses Fuel Shortages in Lagos and FCT, Assures Normalcy Soon
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed issues with fuel supply and distribution in parts of…
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Cement Price Trends and Market Updates This Week
Nigerians are hopeful for a possible reduction in cement prices following recent remarks by Aliko Dangote, Africa’s wealthiest…
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CBN Injects $148 Million into Forex Market to Boost Liquidity
The Central Bank of Nigeria (CBN) has infused $148 million into the Nigerian Foreign Exchange Market (NFEM) to…
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Black Market Dollar to Naira Exchange Rate Today, 26th July 2024
What is the Dollar to Naira exchange rate at the black market, also known as the parallel market…
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New Banking Guidelines Released by CAC to Streamline Recapitalization and Mergers
The Corporate Affairs Commission (CAC) has introduced updated regulations to support Deposit Money Banks during the ongoing recapitalization…
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Stakeholders Urge FG to Rethink 70% Forex Windfall Tax on Banks
There is growing opposition to the proposed 70% foreign exchange windfall tax on commercial banks, with stakeholders urging…
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