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The Naira on Wednesday, August 23, closed at N900/$ at the parallel market, N70 weaker than N830/$ this week’s opening. The local currency, which regained steam...
The Central Bank of Nigeria (CBN) has announced measures to reintroduce Bureau de Change Operators in Nigeria into the foreign exchange market a few days after...
Nigeria’s currency has continued to experience free-fall against the Dollar two months after the Central Bank of Nigeria’s floating of Naira, a decision that has further...
The Northern Chamber of Commerce Industry, Mines, and Agriculture (NACCIMA) says rice millers are shutting down operations in the commercial city of Kano due to the...
The Joint Task Force (JTF) deployed to protect oil facilities in the Niger Delta, Operation Delta Safe (OPDS) on Sunday absolved the impounded vessel, MT Praisel,...
The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has regretted the impending exit of British pharmaceutical giant GlaxoSmithKline (GSK) from Nigeria...
To reduce the biting effect of inflation caused primarily by the removal of subsidies from petrol, Nigerian banks have adjusted their employees’ salaries and wages, thus...
The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means...
The Association of Master Bakers and Caterers of Nigeria (AMBCON) has made a distressing announcement. Owing to a deepening crisis caused by rising ingredient costs, the...
A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that...