Category: Local

Yesterday, we reported that the  Central Bank technically devalued the naira to exchange to the dollar at N380. According to…

The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in the month of January stood…

The Dow Jones Industrial Average of 30 major American companies fell more than 4.5% on Friday, erasing all the gains…

In a bid to curb the spread of the novel coronavirus, the Lagos State government has decided to shutter night…

Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced plans to introduce electric sport…

Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings of more than 20 persons…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members exhaust their old stock of…

The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$, from N366.7/$, in a move…

An analyst in Lagos confirmed to BusinessDay that CBN sold the dollar at N380.2 on the I&E window today, Friday.…

The National Youth Service Corps has suspended its weekly Community Development Service activities indefinitely, according to a statement released on…

On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of…

In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that…

President Donald Trump will cancel an in-person meeting of G7 leaders at Camp David in June because of the coronavirus and will instead hold a video-conference instead, the White House said on Thursday.

U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency…

According to JPMorgan, the impact of the coronavirus is set to push the world’s poorer countries excluding China into recession…

The Central Bank of Nigeria has announced a 100 billion naira loan support for health laboratories in the country. Central…

The Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy. The…

To complement the ban on flights from 13 countries, airlines operators yesterday urged the Federal Government to immediately restrict other…

The Federation Account Allocation Committee meeting which was convened to consider statutory revenue for the month of February ended in…

The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond…

he Federal Government has approved the reduction of the pump price of Premium Motor Spirit (PMS). While there are reports…

Though some initiatives are being undertaken by the Federal Government to mitigate the effect of the coronavirus pandemic on the…

Wall Street’s main indexes sank again on Wednesday, as growing signs of coronavirus damage to corporate America overshadowed a burst…

The countries are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United States of America, the United Kingdom, Netherlands and Switzerland.

Nigeria’s headline inflation has recorded yet another rise to 12.20 percent in February, from the 12.13 percent recorded in January the same year.

The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as possible.

An Indian contractor with Dangote with symptoms of Coronavirus has been rushed to the hospital for testing and diagnosis.

The foreign exchange market opened on Tuesday with the dollar trading at between N378 and N380 in Lagos black markets.…