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Naira Rises to N1,400 per Dollar in Parallel Market   The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday. But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from the Central Bank of Nigeria (CBN) showed that […] The post Naira Rises to N1,400 per Dollar in Parallel Market appeared first on Economi Confidential…Read More

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NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries   The Nigerian National Petroleum Company Limited (NNPCL) has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model aimed at making the facilities commercially sustainable…Read More

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N100 Banknotes Still Very Valid, Says CBN   The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the country…Read More

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