CBN Devalues Naira By N6 In Move To Unify Exchange Rates
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar.…
Category: Business
Qatar Airways Touches Down For The First Time In Abuja
Qatar Airways is pleased to announce it will operate three weekly flights from Abuja, Nigeria…
Nigeria Naira Hits Record Low On Futures Market For Five-Year Settlement
Nigeria’s naira hit a record low of 600 to the dollar on the futures market…
Why Prices Of Food Items Have Increased In Nigeria
Prices of food items have skyrocketed by as much as 30 per cent in many…
Diaspora Remittances: A Pathway For National Development
A pathway for national development depends on the recognition of how we entice, nurture and…
$35bn External Reserves Sufficient For Seven-Month Imports
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria’s external…
Nigerian Supreme Court Upholds Oil Spill Award Against Shell
Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review…
Naira Appreciates To N390.25/$ At I&E FX Window
After being marred by heavy losses in the week, the exchange rate of the Naira…
Nigeria’s Economy Set To Grow 2% In 2021 – Central Bank Governor
Nigeria’s economy is set to grow by roughly 2% in 2021, its central bank governor…
REPOST: The Money’s Not Coming Home: $690 Billion Remittance Risk
The amount of money migrant workers send to their home countries usually holds up well…
WorldRemit Launches A New Price Drop On Transfers To Nigeria This Black Friday
WorldRemit, a leading global digital payments company, has announced the launch of its new zero…
Nigeria In Final Stages Of Talks For Loan From World Bank
Nigeria has fulfilled the conditions for a World Bank loan and is in the final…
Nigeria Ranks 3rd Most Terrorised Country
The Global Terrorism Index (GTI) has shown that Nigeria witnessed an increase in Boko Haram…
Nigeria’s Banks Grapple With Covid-19 And Oil Price Slump
Nigeria has sunk into its second recession in less than five years as the Covid-19…
Report: Companies Diverting Export Proceeds
A report by AZA Finance, an Africa-focused provider of currency trading solutions has attributed the…
Nigeria Asks OPEC To Review Repercussions Of Output Strategy.
On the peculiar challenges facing the country amid its large population and immense deficit in…
Canadian Dollar Steadies As Oil Gives Back Some Recent Gains
The Canadian dollar was little changed against its U.S. counterpart on Thursday as the recent…
Crisis Looms As Rail Contractor Demolishes Port Exit Gate
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as…
Kyari: It No Longer Makes Sense To Operate The Refineries
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the…
China’s Central Bank Could Intervene After ‘Glaring’ State-Firm Bond Defaults, Analyst Says
SINGAPORE — The People’s Bank of China (PBOC) could step in following a number of…
Dollar Poised For Weekly Losses On Improving Risk Sentiment
The dollar held steady in thin trade on Friday but was on track for weekly…
Protect Nigerian Businesses In Your Country, Lawan Tells South Africa
Senate President Ahmad Lawan on Thursday urged the South African authorities to reciprocate the Nigerian…
Crisis Hits Apapa Port As CCECC Demolishes Structures, Cripple Seaport Operations
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as…
FG Approves N30bn For Roads To Niger Republic
ABUJA—THE Federal Executive Council, FEC on Wednesday approved contracts for construction of two roads from…
General Gowon Denies Looting ‘Half Of CBN’
Nigeria’s former Head of State, General Yakubu Gowon, has denied ‘looting half of Central Bank…
We Deliberately Shut Down Refineries – NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said…
Nigeria: Smugglers Reign Large Despite Border Closure
As the Yuletide season approaches, more smuggled items — mainly foreign parboiled rice, tomato paste,…
Oil Falls To $47 As Fate Of OPEC+ Deal Uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as…
Naira In Big Trouble, Falls To N495/$1 At Black Market
The attempt by the Central Bank of Nigeria (CBN) to discourage Nigerians from seeking forex…
Netherlands Returns Smuggled 600-Year-Old Ife Terracotta To Nigeria
The Kingdom of Netherlands on Thursday officially presented a smuggled Ife Terracotta antiquity dated to…