Naira devalued, now N390/$1 as black market (wired) hits N503/$1
It is confirmed that the exchange rate between the naira and dollar has depreciated to N390/$1 at the FMDQOTC NAFEX market, an official market...
Emefiele Provides Insight Into 2021 Economy At The 55th Annual Bankers Dinner As Anxiety Grows Over 2nd Recession
By Ben Igbokwe
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), is set to provide the much expected insight into the 2021...
Nnamdi Okonkwo Emerges Banker of the Year
Fidelity Bank CEO, Mr. Nnamdi Okonkwo has been adjudged Banker of the Year at the Business Hallmark People of the Year Awards 2020.
The award,...
5,000bpd Waltersmith Modular Refinery Comes on Stream
By John Meze
President Muhammudu Buhari, has commissioned, the 5,000 barrels per day Modular Refinery, built by Waltersmith Refining and Petrochemical Company Limited at Ibigwe,...
NNPC Secures $3.15bn Financing Fund for NPDC
The Nigerian National Petroleum Corporation ( NNPC) has secured about S3.15 billion as alternative funding facility for its subsidiary, the National Petroleum Development Company...