How CBN, Under Emefiele, Drives Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Governor Godwin Emefiele, might have made history as the only governor…
Category: Local
Pressure Mounts On Naira, Sells At N499/$1 At Black Market
The journey of the Nigerian Naira into the N500/$1 region at the unregulated segment of the foreign exchange (forex) market is just a step…
Assessing Emefiele’s Stewardship At CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele is seven years in office today. In those years, he has…
Nigeria Now Producing, Supplying SIM Cards To Africa Countries – Pantami
The Minister of Digital Economy and Communications, Mallam Isa Pantami, has revealed that Nigeria has established a manufacturing plant in…
BDC Operators Move To Crash Exchange Rate, Ban Street Hawking Of Dollars
Forex traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have said they will…
NPA Boss Promises To Resolve Electronic Call-Up Bottlenecks
The acting Managing Director of the Nigerian Ports Authority, Mr Mohammed Bello-Koko, has said the authority was committed to resolving…
Oil Rises With U.S. Crude Supplies Falling For Second Week
Oil climbed after a U.S. government report showed crude inventories declined for a second straight week, further evidence of increasing…
Bankers Dare EFCC, Say We’re Not Afraid To Declare Assets
The National Union of Banks, Insurance and Financial institutions has said its members are not afraid to declare their assets…
Worries As N796b Investors’ Losses In May Extends Into June
Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a…
CBN Adjusts Naira’s Official Rate To N410.22/$1
The Central Bank of Nigeria (CBN) again weakened the naira yesterday, by adjusting the local currency ‘s official rate to…
CBN: Forex Inflows Drop To $43bn In 2020
A total of $43 billion in foreign currency flowed through the Central Bank of Nigeria (CBN) as outflows in the whole…
‘Nigeria, Others In Fragile Position On Energy Transition, Investment’
As the world adapts to the rapidly changing dynamics in the energy industry in an effort to mitigate the impacts…
Improved Business Performance Pushes PMI To 54.4 Points
Growth in the Nigerian private sector gained momentum in May to 54.4 basis points, with business conditions improving to the…
Cocoa Prices Rise In Nigeria`S Edo, Akwa Ibom, Abia, Ogun States, Fall In Ondo
IBADAN, Nigeria — Cocoa prices have risen this week in some producing states in Nigeria due to the slight improvement…
Gokada Eyes Share Of Nigeria’s $20b E-Commerce Market
Nigeria-based last mile delivery, logistics and transportation start-up Gokada has launched a ‘Super App’ where customers can access food delivery,…
Shippers Association Cautions Terminal Operators On Tariff Increase
The Shippers Association of Lagos (SAL) yesterday cautioned terminal operators and shipping lines against increase in charges and rates in…
Ex-TD Ameritrade CEO warns meme stock traders that leverage could ‘rip your arms off’
Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday about using leverage to try…
Forex: ABCON Bans Street Hawking, Moves To Cut Rate
The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to…
Oil Industry’s Future At Risk, Barkindo Warns Nigeria, Others
The Secretary-General of the Organisation of the Petroleum Exporting Countries, Mr Mohammad Barkindo, has warned that the future of the…
Nigerian Banks Lend To Customers At Higher Rate Despite Cheap Funds
Nigerian banks access low cost funds from individual/corporate deposits, interventions from the Central Bank and development finance institutions but lend…
Twitter Deletes President Buhari’s Post For Violating Rules
President Buhari had in a tweet shared on Tuesday, evoked Nigeria’s civil war experience which was fought between 1967 and…
Why We Want 20% Stake In Dangote Refinery – NNPC
The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire 20 percent stake in the…
IMF Offers Bailout To Second African Nation In Less Than A Week
The International Monetary Fund staff agreed to provide a $1 billion facility to Uganda, the lender’s second bailout to an…
NNPC Decries Destruction Of Rail Lines For Oil, Gas Pipe Transportation
The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country’s rail lines, especially from…
OPEC+ Gives Little Away As It Sees Oil Market Tightening
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give…
Nigeria’s Furniture Export Rises As Cyrus Doors Enters Alaro City
Nigeria’s furniture export profile has received a boost with the move by Cyrus Doors and Joinery, a leading manufacturer and…
PFAs Invest N8.3tr In FGN Securities
Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets…
Federal Government Targets Private Refineries To Offtake Over 300,000bpd
Except Dangote and other private refineries coming on board give preference to the Federal Government for patriotism sake, the NNPC…
Nigerian Banks Spend Billions Annually On KYCs
A KPMG report has revealed that Nigerian banks spend billions of naira annually to implement the Know Your Customer (KYC),…
How Wema Bank Is Supporting Nigerians With Loan Offerings
There are many reasons to take out a loan. From needing a bigger shop or office space to buying a…