CBN clears $1.5bn outstanding FX transactions
The Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs. The apex regulatory institution made the disclosure…
Business
Again, USD supply surges by 38.9% as Naira maintains massive gains at forex market
US Dollar transactions surged by 38.93 per cent as the Naira maintained significant gains in the foreign exchange market. FMDQ…
Fuel price may drop in 14 days
In anticipation of commencement of operations at the Port Harcourt Refinery Company next month, the Independent Petroleum Marketers Association of…
Voice, data services affected by undersea cable cuts restored–NCC
The National Communication Commission (NCC) has said that the data and voice services affected due to cuts in undersea fibre…
NIMC, NCC partner to enhance NIN-SIM linkage processes
The National Identity Management Commission, NIMC, and the Nigerian Communications Commission, NCC, have announced a strategic collaboration to enhance National…
Undersea Cable Cut: MainOne declares force majeure
Following a countrywide internet outage experienced by banks and telecommunication companies Thursday, MainOne, a Digital Infrastructure Service Provider, on Friday…
Inflation rate hits 31.70% in February— NBS
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s headline inflation rate increased to 31.70 percent in February 2024….
Undersea cable cuts disrupt data, voice services along African West Coast
The cuts occurred somewhere in Cote de’Ivoire and Senegal, with an attendant disruption in Portugal. A combination of cable cuts,…