CBN bans Use of foreign currencies as collateral for naira loans
The Central Bank of Nigeria (CBN) has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian banks. This was c
Business
All the recent business news in Nigeria, economy and industry updates.
CBN sacks another 40 staff
The Central Bank of Nigeria (CBN) has continued with the disengagement of staff in furtherance of its ongoing restructuring as it sacked a fresh batch
Tariff hike: FCCPC, NSE call for metering of all consumers within 60 days
The Federal Competition and Consumer Protection Commission (FCCPC) has backed the recent fine imposed by the Nigerian Electricity Regulatory Commissio
Increase in sugar tax will kill jobs, investments – Report
A report by ThinkBusiness Africa has stated that any increase in Sugar Sweetened Beverages (SSBs) tax in Nigeria will not deliver the objective of cur
FX sales: BDCs seek review as official rate crashes against black market
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-licenced Bureaux De Change (