Our reporter/ The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves to stabilise…
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Category: Business
FBN Holdings appoints Otedola as chairman
First Bank of Nigeria Holdings Plc has appointed Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the…
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IATA faults CBN, says Airlines ‘$700m funds remains blocked in Nigeria’
The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $64.44 million in blocked airline funds but said $700 million remains blocked in the…
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Tinubu returns OPL 245 to Shell-Eni after cornering lucrative onshore assets to nephew Wale’s Oando – Report
President Bola Tinubu has restored the ownership of OPL 245 to European oil majors Eni and Shell, all but assuring an end to a yearslong corruption inquiry into the massive…
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NNPC Ltd woos South Korean investors for gas projects
…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E &…
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