Friday, March 27, 2020 CBN suspends forex sales to BDCs over pandemic The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators.This followed a request by the Association of Bureaux De Change Operators of Nigeria to the CBN for the regulator to grant it market holidays…
DetailsThursday, March 26, 2020 NNPC spent N218.18bn on ailing refineries in 2019 Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The refineries, namely Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company, recorded a cumulative loss…
DetailsWednesday, March 25, 2020 COVID-19: Massive economic crises loom, says CBN The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to massive economic crisis capable of throwing many countries into recession….read more. COVID-19: Reps propose duty waivers, new tax regime…
DetailsTuesday, March 24, 2020 Nigeria slashes crude selling prices to woo buyers Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday….read more. States’ revenue shrinks as FAAC shares N581bn The Federation Account Allocation Committee on…
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