CBN offers $100 million at special foreign currency auction
Nigeria’s central bank has indicated that it would offer about $100 million at a special foreign currency auction this week, ...
Friday, May 1, 2026
Tag: Nigeria
Electricity companies intensify metering of households as NERC bare fangs
Nigeria’s electricity distribution companies have stepped up efforts to meter over four million retail households in response to the Nigeria ...
Stanbic IBTC introduces high interest yielding savings product
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has launched Max Yield Savings Account (MYSA) in a bid ...
Nigeria received $18bn in remittance from Diaspora migrant workers in 2016 – IFAD
Gilbert F. Houngbo, the sixth President of the International Fund for Agricultural Development (IFAD) Nigerian migrant workers overseas sent home ...
Libya’s export halt gives crude prices reprieve in week of persistent losses
Crude oil prices climbed slightly higher Friday after announcement by Libya that it had temporarily halted its export. But oil ...
Currency traders see convergence of exchange rates on increased foreign interests in Nigeria’s equities
Nigeria's multiple exchange rates are heading for near-term convergence on the back of growing positive sentiments in the country's equities ...
Nigeria’s newest airline prepares for take off as storm clouds gather
Nigeria's aviation industry has suffered a prolonged spell of violent turbulence. The nation's leading carrier was recently taken over by ...
Inflation, insurgency hampering insurers’ earnings
Inflationary trends on claims and insecurity in Nigeria’s North-east and South-south regions are taking their tolls on operations of insurance ...
PZ Cussons’ Nigeria operations expected to make positive contributions to 2017 global results
Ahead of a July 25, 2017 release of its final results for the year ended 31 May 2017, PZ Cussons ...
23 insurers risk liquidation on non-rendition of accounts
Mohammed Kari, Nigeria’s Federal Commissioner for Insurance No fewer than 23 Nigerian insurance firms risk sanctions, which include but not ...
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