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Category: Economy

Business Economy headline

SERAP ask CBN to account for missing N100bn dirty notes

Iheanyi Ejiofor July 28, 2024 No Comments #CBN#Dirty notes#SERAP

Our reporter/ The Socio-Economic Rights and Accountability Project (SERAP) on Sunday challenged the Central Bank of Nigeria (CBN) to account for “over N100 billion ‘dirty and bad notes’ and ‘other…

Read More SERAP ask CBN to account for missing N100bn dirty notes
Business Economy headline

CBN sells another $148m to authorised dealers

Iheanyi Ejiofor July 28, 2024 No Comments #authorised dealers#CBNforex

Our reporter/ The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign…

Read More CBN sells another $148m to authorised dealers
Business Economy

Dangote/NNPC Rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn

Iheanyi Ejiofor July 26, 2024 No Comments #Dangote#Malta#NNPC

Nigeria’s importation of petroleum from Malta has skyrocketed to 43 folds, amounting to $2.08 billion in 2023. A report by Businessday noted that data sourced from Trade Map, a global…

Read More Dangote/NNPC Rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn
Business Economy headline

Report: Dangote refinery is reselling crude, sources say

Iheanyi Ejiofor July 26, 2024 No Comments #crude oil#Dangote refinery

Nigeria’s major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday. According to Reuters report, three of the…

Read More Report: Dangote refinery is reselling crude, sources say
Business Economy headline

Alleged Economic Sabotage: Senate invites Dangote, NNPCL, CBN, NIMASA, others

Iheanyi Ejiofor July 25, 2024 No Comments #Dangote#Economic sabotage#NNPC#Senate

Our reporter/ The Senate on Thursday revealed plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and Minister…

Read More Alleged Economic Sabotage: Senate invites Dangote, NNPCL, CBN, NIMASA, others

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