Business
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Stakeholders seek incentives for FX-generating firms
To prevent business collapse arising from the lingering foreign exchange (FX) challenges, operators have stressed the need for the government...
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Currency Outside Banks Surges to N3tn, 92% of Currency in Circulation
Recent data released by the Central Bank of Nigeria (CBN) has revealed a notable spike in currency outside the banks...
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Diesel price rise by 6.74% amid Dangote refinery takeoff
As Nigerians wait eagerly for the impact Dangote Petroleum Refinery will have on the energy sector, the prices of automotive...
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No plan to exit Nigeria, says Shell
Shell PLC has denied speculations that it was leaving Nigeria after selling its onshore business in the Niger Delta. The...
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NCC suspends barring of Glo subscribers from calling MTN lines
Shell PLC has denied speculations that it was leaving Nigeria after selling its onshore business in the Niger Delta. The...
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NNPCL uncovers 83 illegal refineries, 22 suspects arrested
The Nigerian National Petroleum Company Limited says it has in the past one week uncovered no fewer than 83 illegal...
Read moreNaira plunges to 1300/$ at parallel market
The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer...
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Nigeria’s inflation ends 2023 at 28.9% as naira anxiety worsens outlook
Nigeria’s headline inflation closed 2023 slightly below the 30 percent market projected by many economists and research organisations, including KPMG....
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Anxiety as CBN sacks boards of Union, Keystone, Polaris banks
The federal government has taken over three commercial banks – Union, Polaris and Keystone – following the dissolution of their...
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NGX All-Share Index Crosses Historic 80,000 Basis Points Mark
The Nigerian equities market opened the second week of January 2024 on a positive note yesterday as it crossed the...
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The World Bank has projected Nigeria’s economy to grow at 3.3 per cent this year, about 0.4 percentage points higher...
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Nigeria’s External Reserves Plunge 10.86% Year-on-Year, Now $33bn
Data on Nigeria’s external reserves position released by the Central Bank of Nigeria (CBN), has revealed a notable decline of...
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A Brilliant Mind: Still ‘Rocking the Boat’
Olabode Agusto (14 September 1955 – October 2023 and still …) Accountant, Economist, Finance professional and great Thinker. ‘People will...
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World Bank says inflation will push 2.8million Nigerians into poverty
Rising inflation and low economic growth in Nigeria will push a further 2.8 million people into poverty by 2023’s end,...
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Rice price skyrockets as local production declines
Rice consumption in the country has been on a steady rise, beyond the reach of local supply, leading to a...
Read moreRice brand war intensifies as yuletide approaches
Mrs. Juliana Ariyo, bought a bag of 50kg long grain rice, branded ‘Mama Africa’ from the popular rice market, Daleko...
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Naira: Tinubu’ll shock currency speculators — Presidency
LAGOS — The Presidency yesterday disclosed that President Bola Tinubu’s administration is working on policies that will strengthen the Naira....
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Naira crashes to 1,030/$ as speculators react
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing...
Read moreNaira gains as CBN pays banks $6.7bn forex backlog
The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various...
Read moreA US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the...
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Index crosses 70,000 mark, highest level on record, amid gains in 37 stocks
The Nigerian stock market hits the highest level on record yesterday as heavy transactions in the shares of Airtel Africa...
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Nigeria may miss 2024 deadline for IMO maritime single window implementation
MDAs fail to adhere to Executive Order 2017 on business transparency, efficiency at ports Nigeria may miss the International Maritime...
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NGX Group grows profit by 606% to N 1.22bn
The profit after tax of the Nigerian Exchange Group surged by 606.2 per cent to N1.22bn at the end of...
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CBN denies currency redenomination as C’ttee assures of Naira stability by Dec
The Central Bank of Nigeria (CBN) has disclosed that it has no plan to redenominate the Nigerian currency, the Naira....
Read moreNaira to regain true value before December 2023 – Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing...
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