Naira Hits Four-Year Low As Nigeria Central Bank Adjusts Rate
Nigeria’s central bank weakened the naira for the third time this year as the regulator…
Category: Business
Expanding Financial Services Access With Cryptocurrencies
The Cryptocurrency space is fast expanding, with more people, including those at the grassroots embracing…
Nigerian Naira Weakens In NDF Markets After Spot And Futures Market Ease
Nigeria’s naira slipped across the curve against the dollar in non-deliverable forward markets on Monday,…
Oil Can No Longer Sustain Nigeria Economy, Kogi Agric Commissioner Warns
The Kogi State Commissioner For Agriculture, Mr David Apeh, has warned that the continuous dependence…
Nigeria Spends Over N370b On Palm Oil Importation
Despite the restriction placed by the Federal Government on palm oil importation, the inflow of…
Rewane Speaks At FMDA Webinar, Predicts 16% Inflation Rate By 2021
The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane has predicted 16 per cent inflation…
Investors Split On Duty Cut For Imported Vehicles
The proposed policy in the 2020 Finance Bill that seeks to slash duties and levies…
Why Eight States Landed In Financial Distress —Report
FOR their inability to generate enough revenue to pay workers, other debts, and prioritizing recurrent…
Nigeria’s, Others’ Mobile Money Transaction Value Hits $130b
The value of mobile money transaction in Nigeria and other West African countries peaked at…
CBN Reiterates Commitment To Tackling Cyber-Fraud
In a bid to tackle the increasing threats of cyber-attacks in the financial sector, the…
OPEC+ Fails To Agree On Output-Hike Delay Before Big Meeting
A panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output…
BDCs Now To Sell Dollars At N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC)…
Nigeria’s Half-Year Export Earnings Slump 37 Percent On Declining Oil Price
The decline in earnings was worsened by the impact of COVID-19 which dampened the global…
Oil Prices Slip In Cautious Trade Ahead Of OPEC+ Meet
Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer…
Naira Crashes To N500/$1 At Black Market As CBN Adjusts Exchange Rates
The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1…
Fear Of Further Devaluation Rife As Naira’s Slide Continues
The naira hit record lows at the weekend as market forces continued to force downward…
IMF Seeks Unified Exchange Rate For Naira
THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get…
Nigeria Weakens FX Rate For Exchange Bureaux To Ease Pressure On Naira
Nigeria’s central bank has weakened the naira by 1.5% to 390 per dollar for exchange…
Trump Says His Election Challenges Probably Won’t Make It To The Supreme Court
President Donald Trump acknowledged his vanishing path to overturning the results of the 2020 election…
Stock Futures Fall As Wall Street Is Set To Wrap Up A Historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish…
Fauci Says Christmas And New Year’s Restrictions Will Be Necessary Due To Holiday Coronavirus Wave
Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Sunday that the U.S.…
Things Are Looking Up For Oil, But Opec Can’t Uncross Its Fingers Just Yet
Despite good vaccine news and price rises, the cartel could still meet a few bumps…
Travel Agents In Mideast, Africa Say UAE Is Blocking Visas
DUBAI, United Arab Emirates (AP) — Travel agencies in countries across the Middle East and…
CBN Set To Screen Bank Workers For Competence
Bank workers are about to have their capabilities to work in the industry reviewed. This…
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Millions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus…
Facebook’s Libra Crypto Gets Ready To Launch In January As A Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version…
CBN Devalues Naira, Fixes Dollar Sale At N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This…
Buhari To Roll Out Auto-Gas Scheme For Cars In December— Official
President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as…
Naira To Now Trade At N392/$
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country…
Nigeria: Apapa Gridlock To Disappear Q1, 2021 — NSC
The Nigerian Shippers’ Council on Friday said that the Council has set machineries in motion…