Naira

Naira Now N225 To A Dollar

The Nigerian Naira on Wednesday firmed against the dollar at the parallel market. The Naira gained N1 on Wednesday afternoon as it traded for N225 against the dollar. It had previously traded for N226 against the dollar....
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CBN To Draw Curtain On BVN In October

The Central Bank of Nigeria (CBN) has made it clear that there would not be further extension when the October 31, 2015 deadline for the Bank Verification Number (BVN) exercise elapses. According to the banking sector re...
Dangote cement

Dangote Slashes Cement Price Again

In an attempt to boost cement consumption, Africa’s largest producer of the building material, Dangote Cement, has cut prices of cement in its home market in Nigeria. CEO of Dangote Cement, Onne van der Weijde, said in L...
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NNPC Now Recovering $9.6bn Owed Nigeria

The Nigerian National Petroleum Corporation (NNPC) has begun the process of recovering over seven billion dollars in over-deducted tax benefits from JV Partners on major capital projects and another 2.46 billion dollars ...
Okogu sacked

Buhari Sacks DG Of Budget Office Okogu

President Muhammadu Buhari on Thursday sacked the Director General of the Budget Office of the Federation, Bright Okogu, from office. The reason for his removal remains unclear at press time. In his place, Yahaya Gusau, ...
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NNPC Sacks 38 Top Managers

The Management of the Nigerian National Petroleum Corporation (NNPC) has retired 38 Top Management Staff reducing the number from 122 to 83. The corporation has also appointed four new Group Executive Directors to man th...

Nigeria Naira Falls To N235 Per $1

In a most dramatic reversal in fortune, the Naira fell N235 to US$1 in the parallel market on Tuesday evening, despite appreciating to N209 barely 24 hours earlier. Nigerians had been celebrating the temporary improvemen...