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Friday, November 24, 2017


NaijaFab Business News

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...

Subsidy on petrol increases to N9.09/litre

The amount the Federal Government is subsidizing Premium Motor Spirit (PMS), also known as petrol, rose, yesterday, to N9.09 per litre, according to the...

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...

Guardian Nigeria Lauches an ‘Online TV’ platform

Guardian TV will provide exclusive video interviews, as well as up-to-the-minute videos from across the world, and will be available on virtually any...

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...

Fuel scarcity: Oil marketers stop importation due to $1b debt

The fuel scarcity experience may last longer as marketers have stopped importation due to a $1 billion debt. Speaking with newsmen yesterday, the Executive Secretary,...

DMO: Nigeria’s debts hit N12trn

Director General of the Debt Management Of­fice (DMO), Dr. Abraham Nwankwo, has disclosed that the country’s external and lo­cal debts have risen to N12...

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...

Kachikwu: Fuel importation will stop by 2019

Federal Government said to Nigerians that importation of Premium Motor Spirit (PMS) will stop by 2019 and Nigeria will become a net exporter of...

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...

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