PENGASSAN kicks as Dangote refinery failed to meet production deadline
NIGERIA, Sept. 12 – The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date...
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Banks’ bad loans for H1 hit N478bn amid economic falloff
NIGERIA, Sept. 11 – At least four banks recorded N478bn non-performing loans during the first half (H1) of 2023, according to...
Forex: Forget exchange rates unification, Lemo tells CBN
NIGERIA, Sept. 11 – The Central Bank of Nigeria (CBN) should abandon the merger of the parallel and official exchange rates, a...
Duty Remittance: Customs, CBN meet erring banks
NIGERIA, Sept. 11 – The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over the...
Wheat Price Floats Close to 3-Year Low
WORLD, Sept. 11 – Wheat futures were below $6 per bushel, holding close to the near-three-year-low of $5.7 touched on Septembe...
EU Central Bankers on hot Seat due to Digital Euro Conspiracy Theories and Privacy Concerns – CoinDesk
EUROPEAN UNION, Sept. 11 – Proponents of a digital euro are facing political opposition to their plans for a central bank digi...
Coinbase Crypto Exchange stops New Signups in India, Are they Leaving the country?
INDIA, Sept. 11 – Coinbase (Nasdaq: COIN) is limiting its services in India with supposed full or partial termination of its s...
Inflation: Why financial markets may be unprepared for a fourth-quarter surprise
UNITED STATES, Sept. 9 – A prolonged strike by the United Auto Workers, who could walk out next week, is being seen as one big...
‘Telemarketers stands the risk of prosecution over unauthorized use of subscribers’ numbers’
NIGERIA, Sept. 9 – The Nigerian Communications Commission has said it will prosecute telemarketers who illegally access the te...
Currency swap: CBN hits $12bn amid weak reserves
NIGERIA, Sept. 9 – Fitch Ratings has estimated the Central Bank of Nigeria’s currency swaps with domestic banks to be between...