The Central Bank of Nigeria (CBN) has taken significant steps to stabilize the naira and control inflation. At its 299th Monetary Policy Committee (MPC) meeting on February 19 to 20,…
MTN Nigeria has reported a ₦400.44 billion loss for the 2024 financial year, citing the sharp devaluation of the naira as a major factor. The loss, revealed in the company’s…
Several airlines penalized by the Nigeria Civil Aviation Authority (NCAA) have reached out to the regulatory body, requesting a meeting to present evidence that they have addressed the issues that…
The naira appreciated to ₦1,494.03/$ at the official market yesterday. Similarly, it gained value in the parallel market, trading at ₦1,510/$, narrowing the gap between the two markets to ₦15.5.…
The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions to publish details of dormant accounts, unclaimed balances and other financial assets on their official websites. According…
MTN Nigeria has publicly apologized to its customers after facing backlash over a sudden 200% increase in the price of its 15GB data bundle. The plan, which previously cost ₦2,000,…
The Central Bank of Nigeria (CBN) has removed the three free monthly ATM withdrawals previously allowed for customers using other banks’ machines. The policy change, announced in a circular dated…
Dangote Petroleum Refinery has reduced the price of diesel to ₦1,020 per litre, down from ₦1,075. The company announced the price cut on Tuesday, stating that the move aims to…
Some oil marketers are removing the Nigerian National Petroleum Company Limited (NNPCL) logo from their filling stations, following the intense competition in the oil sector. The move comes after the…
The Naira appreciated to N1,595 per dollar in the parallel market yesterday, up from N1,610 per dollar on Monday. This marks a N45 gain from last week’s rate of N1,640…
