Business

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The Central Bank of Nigeria, CBN has wheedled traders to nuzzle the eNaira as a course of treaty guaranteeing safety and efficience. The apex bank, which said this yesterday amidst an exposure program at Kairo market, a famous textile...
Importers and exporters have recorded a cumulative loss of  not less than N4.3 trillion as touching land border closure since past three years. This unveiled as Nigerians accused security agents of turning the reopening of the borders to extortion...
This deal was announced by the social media platform on Monday after negotiations between one of the world’s richest person and the Twitter board. Twitter agrees to have finally reached an agreement to barter the company to Elon Musk for...
The average fare paid by commuters for bus journeys within cities per drop rose by 35.28 per cent from N352.15 in January 2021 to N476.39 in January 2022, according to a report by the National Bureau of Statistics. The report,...
Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. This is a drop of N5 or 0.9 percent from the N565 it traded last week. Street traders...
The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets. The IMF disclosed this in a report titled, ‘Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated’...
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians. The naira had maintained a downward trend, falling to 570/$ on Friday...
Nigeria’s local currency, Naira, faced severe pressures last week, forcing it to a record depreciation against the US Dollar in both the parallel market and Investors and Exporters (I&E) window. This came at the backdrop of the $600 million accretion...
Three years after it issued a debt instrument in the International Capital Market (ICM) with a $2.5 billion aggregate Eurobonds under its Global Medium Term Note Programme, Nigeria has announced plans for another visit to the global market. On...
The Central Bank of Nigeria, CBN, yesterday contradicted the Senate Committee on finance over the apex bank’s remittances to the Consolidated Revenue Fund, CRF, over the past five years. During an interactive session with revenue generating agencies, the Chairman of...
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