Alleged Members Of Nigerian Cybercrime Ring Arrested In Lagos
Three alleged members of a prolific Nigerian cybercrime ring have been arrested in Lagos, part of a larger group that’s…
Category: Local
ABCON Blames FX Speculators For ‘Forceful Devaluation Of Naira’
Last week, the Nigerian weakened to N484/$1. It only appreciated by N1 on Monday to trade at N483/$1 and as…
ABCON: $35.6b Foreign Reserves Enough To Defend Naira
The $35.6 billion foreign exchange reserves is enough to protect naira against attacks by currency speculators forcing the local currency…
CBN Flays Those Using Parallel Market Rate To Push For Naira Devaluation
Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t…
CAMA to be implemented from January 1, says CAC
The Corporate Affairs Commission (CAC) says it will begin the implementation of Companies and Allied Matters Act (CAMA) on January…
Minimum wage earners to be exempted from tax payment – Buhari
THIS is good news for minimum wage earners in the country. They will in no distant time be exempted from…
Modular Refinery As Game Changer For South-East
From the Ibigwe refinery of Waltersmith Petroman expected to be inaugurated this week, Nigeria’s five south eastern states can comfortably…
How African Trucking Firms Are Trying To Make Everything Cheaper
Getting products from manufacturers to market can be a slow and expensive process in Africa. But a new generation of…
Investors Commit Billions At Lagos Free Zone In Nigeria
Lagos Free Zone (LFZ) ( www.LagosFreeZone.com ), the first privately owned special economic zone in Nigeria with an integrated deep…
Nigeria: COVID-19 Caused Recession – Buhari
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because…
Nigeria Government Plans To Only Buy Locally Assembled Cars
Nigeria plans to introduce a policy for government to buy only locally assembled cars in a bid to increase the…
UK Leader To End England’s Coronavirus Lockdown On Dec. 2
LONDON — British Prime Minister Boris Johnson has announced plans for strict regional measures to combat COVID-19 after England’s lockdown…
Goldman Says Saudi Peg ‘Here To Stay,’ Though At Cost To Economy
Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg’s stability during a period…
Nigeria Officially Slides Into Worst Recession Since 1987
The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second…
Nigeria: Train 7 To Create 52,000 Jobs, Says NLNG
The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that at least…
Nigerian General Dismisses Bloody Lagos Protest Videos As Fake
A judicial panel investigating claims that Nigerian soldiers shot dead peaceful protesters in Lagos viewed videos on Saturday appearing to…
Nigeria: Tax Reduction Designed To Make Nigerian Economy Attractive —Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the…
Nigeria’s Real GDP Contracts By -3.62% In Q3 2020, Technically Enters A Recession
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth rate of -3.62% (year-on-year) in…
Buhari Begins Search For New EFCC Chairman, Looks Outside Police
Feelers from the Presidency last night revealed that the search for a new Chairman for the Economic and Financial Crimes…
AFTERMATH OF FUEL PRICE HIKE: Nigerians Groan As Prices Of Foodstuff, Goods, Services Skyrocket
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19) pandemic, prices of food items,…
Nigeria Slips Into Recession, Weighed Down By COVID-19 And Oil Prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data…
Naira Burnout Continues, Now N484/$1 At Black Market
At the previous session, the Nigerian currency was exchanged against the American currency at the parallel market at N480/$1. An…
Nigeria Plunges Into Second Recession In Five Years
Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday show that…
From Building Schools To Wells: Ordinary Turks Lend A Hand In Africa
Turkey’s growing influence in Africa is not only aided by projects and policies implemented by the Turkish government but also…
Naira Plunges To N484/$1 On Parallel Market
The lingering acute shortage of foreign exchange in the country appears to be worsening as the local currency continued its…
Nigeria: Cocoa Prices Rise As Producers, Processors Clash
Tensions between cocoa-producing countries and manufacturers over costs have led to soaring prices on the international market, even as demand…
Nigeria Backtracks On Currency Rules After Naira Weakens
Nigeria’s central bank has backtracked on a rule that banned companies from sourcing imports from third parties other than manufacturers…
Why Nigerians Should Invest In Bitcoin
As the world continues to learn more about investment options, bitcoin has also been making the news among other cryptocurrencies.…
Nigeria: Crude In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial…
Nigeria: $30 Billion Fuels Import Outlay Present Energy Security Challenges
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face…