Monday, March 2, 2026
Nigeria’s central bank sets up meeting with MTN, Stanchart, StanbicIBTC, Diamond to discuss $8.1bn funds transfer
The Central Bank of Nigria (CBN) plans to meet four lenders of telecoms company MTN to discuss a dispute over...
Read moreDetailsNigeria to spend $57.6 billion to increase refining capacity to 2 million barrels per day in 2022
In what will no doubt be a pleasant development to fuel users, Nigeria plans to spend a total of $57.6...
Read moreDetailsNigeria earns $5.23bn from crude, gas export in 1 year, says NNPC
State oil company, Nigerian National Petroleum Corporation (NNPC), said it earned $5.23 billion from crude oil and gas export receipt...
Read moreDetailsNigeria’s central bank injects $9bn into currency market in H1 as part of forex strategy
Moses Obajemu The Central Bank of Nigeria (CBN) sold a total of $9.5 billion to end users in the foreign...
Read moreDetailsReturn to oil production cuts in 2019 cannot be ruled out: OPEC sources
A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources...
Read moreDetailsS&P downgrades Nigerian Diamond Bank on weaker-than-expected asset quality
Says the bank would display losses in the next 12-24 months S&P Global Ratings has lowered its long- and short-term...
Read moreDetailsSell pressure in WAPCO, GTB, Dangote Sugar pares Nigeria stock index 0.1%
Sell pressure in market bellwethers - WAPCO (-9.7%) GUARANTY (-0.7%) and DANGSUGAR (-3.4%) Wednesday pulled Nigerian stocks index down 0.1...
Read moreDetailsNigeria targets early 2019 to ramp up crude production to 2.2 million barrels per day, says junior oil minister, Kachikwu
Nigerian crude oil production is expected to climb to the targeted 2.2 million barrels per day by early next year...
Read moreDetailsSouth Africa’s financial stability threatened by MTN’s $10 billion Nigeria bill – CBN
Billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the...
Read moreDetails$300m Diaspora Bond to attract more inflows as Nigeria tops in global remittance receipt
The $300 million Diaspora Bond being floated by the federal government is aimed at attracting Nigerians in the Diaspora to...
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