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Saturday, June 23, 2018


NaijaFab Business News

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...

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...

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...

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...

Kaduna Refinery shutdown over zero supply of Crude Oil

The Kaduna Refining and Petrochemical Company (KRPC) has stop production following renewed activities of Niger Delta militants. Our Correspondent gathered that the Kaduna refinery stopped...

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...

Power supply set to get worse as militants bomb Chevron facility

Fears that power supply may get worse were rife yesterday after Wednesday’s bombing of a Chevron Nigeria Limited (CNL) major valve platform around Escravos...

Prof. Osinbajo explains hike in fuel price

Vice President Yemi Osinbajo released a statement yesterday explaining the rationale for the new fuel pricing and supply framework introduced by the Federal Government...

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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