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Monday, April 23, 2018


NaijaFab Business News

President Buhari orders NNPC to search for oil in North

For the second time in three weeks, the Nigerian National Petroleum Corporation has received an express order from President Muhammadu Buhari to explore for...

Why naira is on a free fall – CBN governor

The Central Bank Governor Godwin Emefiele has explained why the Naira is on a free fall. He said the country’s currency depreciated against the Dollar...

Dollar scarcity: Nigerians should prepare for an increase in pump prices...

Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation...

CBN to resumes dollar sales to BDCs

The Central Bank of Nigeria (CBN) will today resume dollar sales to Bureaux De Change (BDCs) seven months after it stopped the practice. It stopped...

Cheques can now be paid into savings account – CBN

The Central Bank of Nigeria on Tuesday released four new guidelines for the banking industry, top of which was an approval for bank customers...

Amaechi: Okonjo-Iweala begged me not to say Nigeria was broke

Rotimi Amaechi, minister of transportation, has alleged that Nigeria went into recession under former President Goodluck Jonathan but that the government only covered it...

Kemi Adeosun assures rebound, announces N248 billion capital release

The Minister of Finance, Mrs Kemi Adeosun, on Thursday assured that though Nigeria was technically in recession, measures were being taken to ensure a...

CBN intervenes with Dollar sales, Naira weakens

Nigeria’s central bank has sold an undisclosed amount of hard currency on the interbank market to ease dollar shortages and provide importers the dollars...

Experts predict new forex rate at $1 to N280

As Nigerians await the new forex rate which takes effect tomorrow, Experts have predicted that the new interbank forex trading rate will range between...

New forex policy begins on Monday June 20

Central Bank of Nigeria (CBN) yesterday kept to its promise of liberalising the foreign exchange market when it unveiled the long-expected new forex regime. The...

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