Money
CBN raises customs duty exchange rate as Naira depreciates further against US dollar
The Central Bank of Nigeria has decided to increase the exchange rate to clear goods at the ports and also airports as Nigerian currency depreciates.
New dollar exchange rate expected as Dangote halts petrol sales in naira
Dangote Petroleum Refinery's decision to halt sales of petrol in Nigerian currency is expected to fuel a surge in foreign exchange demand in the country.
Total number of top female banking executives drops by one as Unity Bank announces new MD
Unity Bank, one of Nigeria's commercial banks, has appointed a new Group Managing Director/Chief Executive to lead the company following Tomi Somefun's retirement.
FG deducts Rivers, other states' allocations to pay foreign debt
The Federal Government has decided to deduct certain amounts accrued to state governments to repay foreign debts and fulfill other contractual obligations.
Naira crashes against US dollar in the official, Black forex markets as Rivers crisis adds pressure
The Central Bank of Nigeria has revealed that the naira recorded another poor performance against the US dollar in the Nigerian Foreign Exchange Market (NFEM).
Nigerian billionaire set to announce 2025 cohort for entrepreneurship programme, $5,000 grant
The Tony Elumelu Foundation will soon unveil the 11th batch of its Entrepreneurship Program amid global economic headwinds and financial limitations.
CBN changes dollar rate for customs duty as naira depreciates again
The Central Bank of Nigeria (CBN) has reduced the foreign exchange rates for cargo clearance at Nigeria's ports despite the depreciation against naira.
MoreMonee launches Nigeria’s first domestic debit card with NIBSS, AfriGO & CBN
MoreMonee, formerly known as M&M MFB, is a leading financial service provider in Nigeria, transforming the banking landscape with innovative solutions for businesses
CBN maintains naira stability amid increased forex demand
The CBN has managed to prevent a rapid fall in the value of the naira by actively intervening in the foreign exchange market and reducing disruptions.
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