Category: Local

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday said that the apex bank was eyeing close to…

The Nigeria National Petroleum Corporation (NNPC) has said that the withdrawal of over $21 billion from the Nigeria Liquefied Natural…

DESPITE an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have been shortchanging recipients by delivering…

The Economic and Financial Crimes Commission (EFCC) told a Federal High Court in Abuja on Thursday that it has taken…

An investment expert and Chief Executive of EFG Hermes Nigeria Limited, Lilian Olubi, has said that rising oil prices would…

Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air Transport Association (IATA). The…

OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week…

The Manufacturers Association of Nigeria (MAN) has urged the federal government to review its border closure policy and allow the…

According to S&P Global Platts, data from the general administration of customs (GAC) of China showed that the country shipped…

Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances, the Central Bank…

At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1…

The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial…

Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on…

Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number, a new procedure introduced…

OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of…

The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market, recording N20 gain against the…

The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally “perfect” and there was no proof…

The Nigerian Ports Authority has finalised plans to implement the electronic call-up system to control the entry of trucks into…

Pope Francis condemned on Wednesday the killing of scores of farmers and villagers in northeast Nigeria by suspected Islamist militants…

THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze…

This is coming a day after it weakened at N500 to the dollar in the parallel market. The CBN had,…

Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500…

Creaking grid: Electric wires in Ojuelegba district in Nigeria’s commercial capital Lagos, June 18, 2018. REUTERS/Akintunde Akinleye Nigeria’s government needs…

Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of…

At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man whose voice she did not…

It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$, strengthened after the…

The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically…

Oil held steady in New York, with OPEC and its partners engaging in a diplomatic push to agree on output…

The Federal Government on Monday assured local raw materials investors that they will be given priority in foreign exchange (forex)…

The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local raw materials that the federal…