CBN increases cargo imports exchange rate
abokimallamfx There was unease in the seaports on Thursday following the recent increase of the exchange rate for import duty payment from N326 per dollar to N361. Punch correspondent gathered that…
2020
Nigeria posts $434.85m crude oil export sales
Nigeria recorded crude oil and gas export sale of $434.85million in January, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC)…
Oilfield closures, job losses loom in Nigeria — Experts
The steep drop in crude oil prices have put most Nigerian oil companies at risk, with industry experts saying oilfield shutdowns and job losses are imminent. The global oil benchmark,…
CBN’s N50bn COVID-19 fund disbursement begins Thursday
Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday. The fund, which is…
Naira strengthens by 0.29% to N385.00/$ at Investors’ forex market
Activity picked up for the Naira on Tuesday at the Investors and Exporters (I&E) foreign exchange window, although trade volumes continue to remain dismal. The Naira appreciated by 0.29% to…
Visa Launches ‘ Visa Secure ’ to Aide Online User Experience
Visa Inc, the world leader in digital payments, introduced Visa Secure (previously known as Verified by Visa), an updated program to help make online payments more secure. Available across the…
ASSBIFI kicks against any plan to sack bank workers
THE Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has kicked against any plan by any commercial banks to sack bank workers because of COVID-19 pandemic in…
Drop in fuel imports from West Africa hit European refiners
The drop in fuel imports by Nigeria and other countries in West Africa on the back of economic slowdown are taking a toll on refiners in Europe, the Organisation of…