Nigerian Senate Passes Oil Overhaul Bill: In a plenary session witnessed by Reuters on Thursday, ‘The Nigerian Senate’ passed a long-awaited oil industry reform bill which will overhaul nearly every aspect of oil and gas production in the West African country....
Nigerian government spends N1.02 trillion on debt servicing in Q1 2021: The Nigerian government spent a sum of N1.02 trillion on domestic and foreign debt service in the first quarter of 2021, representing a 35.7% year-on-year increase compared to N753.7 billion...
Nigeria’s inflation rate drops further to 17.93% in May 2021: According to the Consumer Price Index report (CPI), recently released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate dropped further for the second consecutive month to stand at 17.93%...
CBN Increases Forex Allocations to Banks for SMEs, Tuition Fees, Travellers: The Central Bank of Nigeria (CBN) has announced an increase in the amount of foreign exchange allocated to banks to meet the requests of its customers. This follows the...
Brent Crude Oil Prices Hit 2-Year High at $71/barrel. A Look at Nigeria’s External Reserve as reserve drops by $13.26 million on Monday, 31st May 2021. BDC Operators Move to Crash Exchange Rate. Ban Street Hawking of Dollars, Naira Depreciates...
Nigeria’s inflation rate drops to 18.12% in April 2021, Brent Oil Climbs To $70 A Barrel as Re-openings Boost Demand and other treasury reports…
CBN removes N379/$1 exchange rate from website The Central Bank of Nigeria has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the Nigerian Autonomous Foreign Exchange (NAFEX) rate is now the default...
Nigerian Naira Remains Fair Stable, But Downside Risk Abounds Naira has remained stable over the past few weeks supported by the gains from higher crude prices (+3.40%MtD to US$68.32 bbl. as of the end of April). The impact of the...
CBN adds VFD, a UK based firm and eight (9) other companies to the list of Money Transfer Operators in Nigeria. The apex bank has added Ten (10) more companies to the existing 47 licensed International Money Transfer Operators (IMTO)...
External Reserves Trot Higher on Stronger Crude Prices Following two consecutive months of decline in gross external reserves (down 3.3% or $1.2bn m/m in Feb-2021 and down 0.8% or $279.4m in Mar-2021), gross reserves appear to be trotting higher in...
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Copyright ©AAA Finance & Investment Company Limited.
All rights reserved.
