On Tuesday, the Naira appreciated to N1,475 per dollar in the parallel market from Monday’s N1,480 per Dollar. However, in the Nigerian Autonomous Foreign Exchange Market…
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Nigerian industrialist Benedict Peters’ Bravura Holdings will start production at a Zimbabwean lithium project in 2025, boosting Africa’s drive to retain more profits from the global…
The operating licence of Heritage Bank Plc has been revoked by the Central Bank of Nigeria, with immediate effect. The decision followed after the bank failed…
On Monday, the Naira witnessed a significant appreciation in the official market, trading at N1,339.33 to the dollar. Data sourced from the official trading platform of the FMDQ Exchange, which…
The Nigerian military has reopened the popular Banex Plaza in the Wuse 2 area of Abuja after an eight-day siege on the business premises. According to…
The coalition of youth groups, led by the National Youth Council of Ogoni People (NYCOP), has affirmed President Bola Tinubu’s commitment that the Ogoni people will oversee the…
President Bola Tinubu has approved a £100 million investment by Nigeria for class A shares in the proposed African Energy Bank, as announced by the Federal…
When a scarcity of hard cash worsened an already tough economic situation in Nigeria in 2023, an unprecedented development occurred: e-payments soared and became the new…
Nigeria’s Minister of Aviation, Festus Keyamo has reiterated the government’s confidence in the flag carrier, Air Peace and pledged continued support. In response to recent media…
The Central Bank of Nigeria (CBN) has blamed the foreign exchange market’s instability on “seasonal demands”. CBN Governor Olayemi Cardoso revealed this on Tuesday during the…