Commercial Banks’ Borrowing From CBN Drops By 89% in August
The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR).
2026
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Naira Black Market,CBN Rate Tuesday Sept 1• Commodity Prices
Today, the Naira is exchanging at the Black Market and the CBN rate as follows : Black Market Rates • 1 US Dollar is 1398 Naira. •1 Great British Pound (GBP) is 1890 Naira. •1 Euro (EUR) is 1595 Naira. •1 Canadian Dollar (CAD) is 1020 Naira. •1 Chinese Yuan is 190 Naira. •1 South…
N120bn Power Loss: FG Moves Against Energy Theft on Ikorodu–Sagamu Industrial Corridor
Manufacturers operating in industrial clusters need reliable electricity not only to keep production lines running but also to control operating costs.
Emzor raises N26.7bn bond on FMDQ Group Exchange
The bond forms part of the company’s broader N40 billion ($29.6 million) bond issuance programme and represents Emzor’s second domestic bond, following strong investor demand that resulted in the issue being oversubscribed.
PZ Cussons Nigeria Reports N45.2bn PAT, Proposes N2.50 Dividend
CEO Oghale Elueni attributed the performance to strong brands, disciplined execution, volume growth, pricing initiatives and efficient working capital management.
Companies Using WhatsApp Business To pay for messages from October 1 – Meta
The charge applies to organisations that use the WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer communication on a large scale.
Is Dangote Refinery Playing the Giraffe by Leaving Domestic Oil Supply to Marketers?
Its argument is straightforward: when locally refined products cannot be absorbed by the domestic market because of competing imports, the surplus must be moved elsewhere. Hence, the increased exports.
FTSE Russell Restores Nigeria to Frontier Market Status After Three-Year Exit
FTSE Russell, a wholly-owned subsidiary of the London Stock Exchange Group (LSEG). is a global index provider that creates, calculates, and manages stock market indices and financial data for investors worldwide.
Naira Exchange Rates / Commodity Prices Thursday, August 27
BLACK MARKET RATES US Dollar (USD) Buy ₦1,405 Sell ₦1,410 Great British Pound(GBP) Buy ₦1,895 Sell: ₦1,915 EURO (EUR) Buy ₦1,595 Sell ₦1,615 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana CEDI (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL…
Indorama Plans Diversification from petrochemicals and fertiliser into methanol production
The 1.75 million-tonnes-per-year methanol plant project is scheduled to commence in the third quarter of 2027, with additional capacity to be developed through 2031.