FG Targets Fresh $20bn Oil and Gas Deal to Boost Production
The Federal Government of Nigeria is poised to secure a $20 billion investment deal aimed at revitalizing the...
Business
PoS Agents Express Concern Over CAC’s Registration Mandate, Fear Increased Transaction Costs for Customers
Point of Sale (PoS) agents in the Federal Capital Territory (FCT) have voiced their dissatisfaction with the recent directive...
Binance to Halt Naira Services Amid Regulatory Pressures
Binance Nigeria has declared its intention to halt all services in the Nigerian Naira (NGN) effective March 8, 2024....
Economic Strain Forces Many Nigerians to Forego Beer, Reveals Nigerian Breweries CEO
By: Emmanuel Ibitoye In a stark revelation, the Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, highlighted the...
Naira Volatility Continues: Drops to N1,510/$ in Parallel Market, Appreciates to NAFEM at N1,499.07/$
By: Emmanuel Ibitoye The naira witnessed further fluctuations in the foreign exchange market as it depreciated to N1,510...
Naira Hits Record Low, Falls to N1,534 Per Dollar Amid Rising Demand
By: Emmanuel Ibitoye Nigeria's currency, the naira, experienced a historic low, reaching N1,534.39 per dollar at the official...
IMF Warns: Nigeria’s Foreign Reserves Could Drop to $24bn
The International Monetary Fund has said Nigeria’s foreign reserves may fall to $24bn in 2024. The fund...
Naira Falls to N1,500/$ in Parallel Market
By: Emmanuel Ibitoye The naira witnessed a depreciation, reaching N1,500 per dollar in the parallel market on...
CBN Governor Projects Nigeria’s Inflation Rate to Decline to 21% in 2024
By: Emmanuel Ibitoye The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, delivered positive...
CBN Governor Attributes Naira Pressure to Rise in School and Medical Tourism
By: Emmanuel Ibitoye Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), highlighted that the...
Naira Records Depreciation to N1,455/$ in Parallel Market
By: Emmanuel Ibitoye The naira witnessed a decline to N1,455 per dollar in the parallel market, marking...
Manufacturers Brace for Price Hikes as Naira Continues to Fall Against Dollar
By: Ogunleye Oluwapelumi Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise...
Naira Falls to N1,405 in Parallel Market Amid Exchange Rate Challenges
By: Emmanuel Ibitoye In recent developments, the Nigerian naira witnessed a depreciation, reaching N1,405 per dollar in...
NLC Criticizes Tinubunomics, Government Defends Reforms Amid Economic Concerns
By: Emmanuel Ibitoye The Nigeria Labour Congress (NLC) took a critical stance against President Bola Tinubu's economic reforms, expressing...
CBN Governor Forecasts Decline in Inflation to 21.4% in 2024
By: Emmanuel Ibitoye The Governor of the Central Bank of Nigeria anticipates a reduction in headline inflation to...
AfDB Launches $2 Billion Social Global Benchmark Under New Sustainable Bond Framework
By: Shabach Bako In a strategic move aligning with the robust reopening of primary markets in January 2024,...
Naira Depreciation Sparks Dollar Hoarding: Concerns Raised by Bureau De Change Operators
Bureau De Change operators have sounded an alarm, highlighting that the depreciation of the naira is prompting some...
Shell Denies Exit Plans from Nigeria Despite Onshore Business Sale
By: Emmanuel Ibitoye Contrary to speculations sparked by its recent agreement to sell the Shell Petroleum Development Company...
Naira Sees Fluctuations in Parallel and Official Exchange Rates
The Nigerian naira has experienced fluctuations in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM), leading...
Nigeria, Saudi Arabia Strengthen Cooperation for Development of Solid Minerals
By: Ogunleye Oluwapelumi In a bid to support the global transition towards cleaner energy, Nigeria and the...
Old Naira Notes Still Remain Legal Tender Beyond December 31st-CBN
The Central Bank of Nigeria (CBN) has said that the old naira notes for N200, N500 and N1000...
Naira Gains Against Dollar, Trades at N1113/$ at P2P Market
The naira within a span of hours appreciated by N166 to the dollar in the P2P market, as currency...
Naira Continues Downward Trend as Dollar Scarcity Bites Harder
The Nigerian naira has experienced a continued downward trend as the scarcity of the dollar becomes more severe, according...
Naira Drops To N762 Per Dollar As Liquidity Drops At FX Market
By: JP Ashedzi The Nigerian currency, Naira on Thursday reportedly fell to N762.71 per dollar, losing 3.32 percent value...
Naira Crashes Against Dollar, Businesses Will Be Affected; BDC Operator
JP Ashedzi At the exchange market, it has been reported that the dollar has crashed to between N805...
Traders at Isara Market in Isara Remo, Lament Low Sales Amidst Economic Challenges
By: Ogunleye Oluwapelumi Traders at Isara Market in Isara Remo, Ogun State, have expressed their frustration with the...
Ogun State Assembly Member Urges President to Address Dire Living Conditions in Nigeria
By: JP Ashedzy Odogbolu, Ogun State - In a passionate plea to President Bola Tinubu, Ogun State Assembly...
International Breweries Records N43.7bn Gross Profit in 2022
By: Ogunleye Oluwapelumi International Breweries Plc (IBPLC) has announced that it recorded N43.7bn gross profit in 2022 financial...
Federal Government to Assist MSMEs with Single-Digit Loans
Vice President Kashim Shettima disclosed in a statement issued by the Director of Information, Office of the Vice President,...
Mallam Isa Yuguda Reveals Buhari’s Life was at Risk over Fuel Subsidy Removal
By: Ogunleye Oluwapelumi Mallam Isa Yuguda, former governor of Bauchi State, has revealed that the removal of fuel...
