The Central Bank of Nigeria (CBN) has explained the reasons behind scarcity of naira notes in the country. This comes following a series of complaints by some bank customers on the scarcity of naira notes at the counters, Automated Teller Machines (ATMs), Points of Sale (PoS), and Bureaux de Change …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.Quoting industry sources and tanker tracking data, S&P Global, in a …

Fintech giant Opay has reacted to the recent directive issued by the Nigeria Inter-Bank Settlement System (NIBSS), ordering banks in the country to take down every non-deposit-taking financial institution from their NIP fund transfer channels. There had been media reports that NIBSS, in the directive to banks, noted that having …

For the umpteen time and the second time in four weeks, the Central Bank of Nigeria(CBN) has raised the Customs duty exchange rate to N951.941 per dollar. The rate was jerked up a month ago from N770.88 per dollar to N783.174 per dollar.The latest duty exchange rate has since been …

The Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) have agreed to reinvigorate their existing collaboration in realising their respective mandates for the sake of the nation’s economy. This indication was given during a visit to the FIRS Executive Chairman, Mr. Zacch Adedeji, by the CAC Registrar …

The World Health Organisation has called for increased taxes on alcohol and Sugary-Sweetened Beverages to reduce deaths from drinking alcohol and unhealthy behaviours. The WHO who made this known in a press statement on Tuesday, noted that globally, 2.6 million people die from drinking alcohol every year and over eight …