Dangote refinery pledges to prioritise Nigeria’s domestic fuel supply
Nigeria’s Dangote refinery has pledged to prioritise the domestic fuel market in a bid to prevent shortages and cushion the impact of rising global oil […]
naira
Nigeria Tightens Cash Controls with New Withdrawal Limits to Strengthen Financial Security
Nigeria’s Central bank on Wednesday, 3 December, has unveiled a comprehensive overhaul of its cash management framework, introducing tighter withdrawal caps and removing charges on […]
Nigerians Fume as Telecom Giants MTN and Airtel Triple Data Prices Amid Economic Crisis
Nigerians are reeling from steep hikes in mobile data prices by MTN and Airtel, two of the country’s largest telecom providers, exacerbating an already dire […]
Nigeria’s Fuel Subsidy Dilemma Deepens as Debt to Suppliers Soars
Nigeria’s state oil company NNPC faces mounting challenges as its debt to gasoline suppliers has surged to over $6 billion, doubling since April. This financial […]
Central Bank of Nigeria Establishes Minimum Capital Base Requirements for Banks
The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s […]
Fuel prices in Nigeria almost triple in two days
Prices at the pump almost tripled at service stations in Nigeria after the new President announced on Monday that he would end fuel subsidies, journalists […]
Nigeria: Supreme Court extends validity of old naira bills
The Supreme Court on Friday extended the validity of old banknotes in Nigeria, invalidating a government directive that has been causing a severe cash shortage […]
Nigerian president to keep small denominations of the old naira in circulation
Nigerian President Muhammadu Buhari on Thursday ordered the continued circulation of low-denomination banknotes, recently replaced by new ones, in order to limit the cash shortage […]
Nigeria’s Electoral Commission confirms that elections will be held
Nigeria’s Electoral Commission (Inec) said Wednesday that the presidential election will be held as scheduled on February 25 despite massive shortages of gasoline and new […]
Banknote shortage in Nigeria: riots break out in the South West
Abeokuta, in southwestern Nigeria, was the scene of scuffles between protesters and police on Tuesday, when a crowd of angry youths attacked a bank facing […]