House To Investigate Viability Of Scanners At Seaports, Border Stations
The House of Representatives has directed its Committee on Customs and Excise (CCE) to investigate the total collapse of the…
Category: Local
Nigeria’s Apex Bank Bans Mobile Money Operators From Receiving Remittances
The Central Bank of Nigeria (CBN) has suspended Mobile Money Operators, Payment Switch providers from receiving remittances or integrating their…
Naira Appreciates To N394/$ At I&E, Drops To N478/$1 At Black Market
The strengthening of the local currency was boosted by FX liquidity in the market as authorised dealers had enough to…
SEC To Partner FSD Africa On Capital Market Master Plan Review
The Securities and Exchange Commission, Nigeria (SEC Nigeria) and Financial Sector Deepening (FSD) Africa have today announced the start of…
Exchange Rates Pushed Inflation To Double Digits – MAN
The Manufacturers Association of Nigeria (MAN) has raised an alarm that the double inflation digits was occasioned by the upsurge…
WEEKAHEAD-AFRICA-FX-Nigeria’s Naira Seen Steady, Zambia’s Kwacha May Slip
Nigeria’s naira and other African currencies are likely to trade stable or firm slightly in the week ahead, helped by…
‘Crime Is Endemic In Nigeria’ — US Cautions Citizens On Travelling During Holidays
In a holiday security advisory posted on its website, the embassy said it gave the warning given that crime is…
Nigeria Reopens Borders After 16-Month Shutdown Raised Prices
Nigerian President Muhammadu Buhari ordered the reopening of the nation’s land borders, ending a 16-month shutdown that raised food prices…
Digitalisation To Help Nigerian Banks Reduce Cost
McKinsey and Company in a report stated that digitalisation will enable Nigerian banks to achieve between 25 and 40 per…
Gov Emmanuel Secures Final Approval For Ibom Deep Seaport
Governor Udom Emmanuel of Akwa Ibom State has fulfilled a key part of his campaign promise to ensure the completion…
FG Comes Under Fire As 164 Million Phones Risk Disconnection
Over 164 million phone lines may be disconnected by December 31, if their owners fail to integrate their National Identity…
Immigration Denies Caterer Passport Renewal Over #EndSARS Protest
The Federal Government on Wednesday continued its clampdown on #EndSARS protesters by refusing to issue a passport to a caterer…
Diaspora Remittances: CBN Threatens To Sanction Operators Paying Local Currency
The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency. It warned that…
House Urges Extension Of SIM Card Registration, NIN Linkage Deadline House Urges Extension Of SIM Card Registration, NIN Linkage Deadline
Lagos, Warri, Abuja — The House of Representatives yesterday urged the federal government to extend the deadline for the synchronisation…
Nigeria’s Daily Oil Production Falls To 1.32 Million Barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of…
CBN Frowns On Operators Paying Diaspora Remittances In Naira
The Central Bank of Nigeria (CBN) has issued additional guidelines to prevent operators from paying diaspora remittances in local currency.…
FG Approves Ibom Deep Seaport Project
This was disclosed by Ini Ememobong ,Honourable Commissioner for Information & Strategy in a statement on Wednesday. He said the…
Naira Falls At I&E, Black Market As Bitcoin Reaches N10m
During the midweek session, the digital currency rose by more than 11.3 per cent to reach N10,467,000.00, extending its gaining…
FEC Approves Reopening Of Four Land Borders
Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect, while others will be reopened…
CBN Governor Faces Contempt Charge Over 182b Judgment Debt
A contempt charge has been instituted against the Governor of Central Bank of Nigeria, Godwin Emefiele, over his alleged refusal…
Shipping Firms Risk Sanction Over Movement Of Empty Containers
The Nigerian Ports Authority, NPA, has warned shipping firms in Nigeria against not allowing empty containers into their holding bays,…
Nigerian Cement Price Hike Causes Concern For Building Standards
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low…
Nigeria Records $414.79m Foreign Direct Investment In Q3 – NBS
Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a total of $1.46bn capital inflow…
FG Expects $26bn Diaspora Remittance To Rise
The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and…
Recession, Inflation And Nigerian Households’ Income
Headline inflation which measures the total rise in prices within an economy, including commodities such as food and energy prices…
Naira Remains Flat Across Forex Markets As Improved Dollar Supply Continues
Forex turnover rose by 3.4%, as the Naira’s exchange rate at the NAFEX window maintained stability against the dollar to…
Nigeria’s External Reserve Sinks To 8-Month Low
This is the lowest level since April when it touched $33.4 billion in the wake of the COVID-19 pandemic and…
Nigeria Gives Telecoms Providers Two Weeks To Add ID Numbers To SIM Cards
Nigeria has given telecommunication providers two weeks to add valid National Identification Numbers (NIN) to every SIM card registered in…
Naira Maintains Stability At Various FX Market Windows
The Naira extended its stability against the United States Dollar into a second day at the various windows of the…