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Latest News
Indorama Goes Into $75 Million Loan Agreement With AfDB
It has been reported that Indorama Eleme Fertiliser and Chemicals Limited, a Nigerian company, and the African Development Bank have concluded a $75 million loan agreement. The bank made this announce...
NNPC Gas Agreement Set to Add $3 Billion Annually to GDP
During the weekend, the Nigerian National Petroleum Company Limited, NNPCL signed a Memorandum of Understanding (MoU) with Indorama Energy PTE Limited to reach a supply of about 800 million cubic feet...
CBN Curtails Licenses of 2,698 Bureau de Change Operators Amid Naira Fall
The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total nu...
Nigeria's Central Bank Unifies Forex Market, Promotes Liquidity and Stability
The Central Bank of Nigeria (CBN) has recently announced a significant overhaul of the Nigerian Foreign Exchange (FX) Market, with the goal of enhancing liquidity and stability. As part of this effort...
Exchange Rates Drop Throughout FX Markets Causing Forex Turnover to Depreciate
Tuesday, March 29th, 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N417/$1. On Tuesday, March 29th, 2022, the I&E window e...