Naira Records Serious Crash Against Dollar…See Latest Exchange Rate
As a result of dollar scarcity, the Naira has crashed badly against the dollar at the exchange rate market. The naira has continued its crash against the dollar
FG Opens Up On When International Flight Operations May Resume
The Federal Government has announced that international flight operations might be resuming before October 2020, despite the ban of flight operations from Europ
Forex Scarcity Worsens As Naira Falls At Black Market
The exchange rate at the parallel market fell to another new 3-year low closing at N472/$1 on Monday, July 20, 2020. However, on the officially recognized NAFEX
Breaking: CBN Retains MPR At 12.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria at its meeting on Monday retained the Monetary Policy Rate (MPR) at 12.5%. This was disclosed
Boat Mishap: NIMASA Promises Tougher Action Against Uncertified Skippers
By Richard Adeniyi Against the background of recent fatal boat mishaps on the country's inland waterways, Director-General of the Nigerian Maritime Administrati
Julius Berger Pledges To Complete Second Niger Bridge, Lagos-Shagamu Road, Others As Scheduled
Construction giant, Julius Berger Nigeria Plc, has promised to complete the construction of the second Niger bridge, Abuja-Kano road and Lagos-Shagamu expresswa
Banks To Limit Debit Card Spending Abroad To Ease Forex Risk
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settle
NDIC Seeks Amendment Of BOFIA Act To Reflect Its Role In Banking Sector Resolution
In a bid to establish effective legal instruments to secure the safety and stability of the nation's financial system, there is a need to closely examine enacti
Nigeria’s Inflation Rate Rises Further As Food Prices Surge
Nigeria inflation rate rose further in June 2020 to 12.56% (year-on-year), 0.16% points higher than the rate recorded in May 2020 (12.4%). This is according to
FG Sets To Implement Schemes To Keep MSMEs Afloat – Osinbajo
The Federal Government as planned in the Economic Sustainability Plan is now set to implement a number of schemes to keep MSMEs afloat, according to Vice Presid
BTC Scammers On Rampage, Obama, Gates Others Fall Victims
BTC scammers were on a rampage on Twitter late Wednesday, as many top personalities, had their accounts tweeting about a BTC giveaway. Later, it became obvious
Naira Crashes As Currency Uncertainty Worsens
The exchange rate at the parallel market fell to another new 3-year low closing at N470/$1 on Wednesdmn mn k l forex turnover rose by 44.9% and exchange r
MTN Limits Trial Process Of E-SIM Services In Nigeria
MTN Nigeria Plc, has said the trial of the embedded Subscriber Identity Modules, e-SIM services on its network which commenced on Wednesday would run for year t
NEXIM Bank Opens Up On Missing N50bn
The management of Nigerian Export-Import Bank has opened up the allegations of missing N50bn leveled against its Managing Director by a group under
Gokada CEO Found Dead! Nigerians React On Social Media.
Fahim Saleh, the founder of Gokada has been mourned by the social media community in Nigeria. Nigerians on social media have expressed mixed reactions following
Nigeria Earned $206bn From Oil Export Between 2015 And 2019 ― OPEC
A total of $206.065 billion came into Nigeria's coffers between 2015 and 2019 from the export of oil products. This is according to data obtained from Organizat
LIRS To Implement Additional Tax Incentives And Reliefs For Lagos Taxpayers
In furtherance of the commitment to mitigate the negative effect of COVID-19 pandemic on individuals and businesses, Lagos State Internal Revenue Service (LIRS)
GTbank, Access, Others Drag NSE To Negative Close
Sell-offs in tier one banks that GTBank, Access Bank and Zenith Bank Plc on Tuesday dragged the Nigerian bourse downwards with the stock market finishing on a n
Osinbajo, Others To Attend 2020 MSMEs Awards
Vice President Yemi Osinbajo is billed to attend the virtual 2020 edition of the MSMEs awards as Secretariat of the National MSMEs Clinic which organizes the Aw
E-payment Transaction Declines By N96bn In April
E-payment transactions across the country dropped by N96bn, representing 26% in April compared to the preceding month of March, according to data released by th