Business

Naira slumps seventh times against Dollar in days at Foreign Market

The Naira has slumped seven times in recent days against the US dollar at the foreign exchange. FMDQ data showed that the Naira recorded a...

Tinubu govt borrows N3.8trn from CBN in 6 months

The President Bola Ahmed Tinubu Government of Nigeria received an additional N3.8 trillion in Ways and Means Borrowing from the Central Bank of Nigeria...

Nigerian telecom operators ask NCC to approve price hike

Telecommunication operators in Nigeria have said they are the only service providers that have not implemented price increments in the last 11 years despite...

Naira depreciation: Investors lose N673bn in NGX

Investors at the Nigerian exchange market experienced a decline again on Wednesday, losing N673 billion in market capitalisation due to sell-offs in major stocks...

NNPCL keeps mum as fuel scarcity hits Abuja

The Nigerian National Petroleum Company Limited, the sole importer of petrol in Nigeria, has kept mum as residents of the Federal Capital Territory, Abuja,...

Opaque loans – AfDB president, Adesina reveals obstruction to African countries’ growth

The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans undermine the economic growth of Nigeria and other African...

Passengers stranded as fuel scarcity hits Kaduna

Passengers going to work on Thursday were stranded following the scarcity of fuel across Kaduna State. Those who were fortunate to get buses paid double...

Benue currently under siege, Akume remains my leader – Ortom

Chief Samuel Ortom, the immediate past governor of Benue State, has said the Secretary to the Government of the Federation, SGF, Senator George Akume,...

Why Naira depreciated against Dollar – BDC operators

The Association of Bureau De Change Operators of Nigeria, ABCON, has blamed peer-to-peer cryptocurrency platforms like Binance for the recent depreciation of the Naira...

Naira fails to appreciate against Dollar in forex market despite CBN intervention

The Naira has failed to appreciate against the US dollar at the foreign exchange market despite the Central Bank of Nigeria’s recent additional release...

Opaque loans – AfDB president, Adesina reveals obstruction to African countries’ growth

The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans undermine the economic growth of Nigeria and other African...

Nigeria’s e-payment transactions hit N234trn in Q1 2024 – NIBSS

Nigeria’s e-payment transactions surged to N234 trillion in the first quarter of 2024. Nigeria Inter-Bank Settlement System, NIBSS, disclosed this in its latest data. This marked...

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