Data from the FMDQ has indicated that the Naira depreciated against the Dollar on Monday in the foreign exchange market. The Nigerian currency closed at N1508.99…
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All the latest business news in Nigeria
According to the latest Rail Transportation data released by the National Bureau of Statistics, the Nigerian Railway Corporation (NRC) ‘s revenue from passengers increased significantly by…
The average fare paid by commuters each drop for intercity bus travel inside Nigeria in May 2024 was N7,129.46, up 78.14% from N4,002.16 in May 2023.…
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan, has stated the reason for delays in payment of Heritage Bank customers. He said…
Reports indicate that the Nigerian Government has withdrawn five oil blocks listed for the 2024 licensing round due to legal disputes, specifically over regulatory constraints.Confirming the…
A Lagos High Court has restrained Ikeja Electric PLC and the Nigerian Electricity Regulatory Commission (NERC) from enforcing, implementing, or applying the tariff specified in the…
PricewaterhouseCoopers, also known as PwC, a consulting firm, has predicted a slight decrease in Nigeria’s inflation to 29.5% by the end of this year from 33.95%…
The number of bank loans through credit facilities in Nigeria increased to N3.82 trillion in January 2024 amidst escalating inflation and challenging economic conditions, as reported…
Nigeria’s foreign exchange (FX) reserves have shown a consistent rise, as indicated by recent data released by the Central Bank of Nigeria. As of June 20,…
On Thursday, the Naira gained value in the parallel market, appreciating to N1,470 per dollar from N1,500 per dollar. However, it depreciated to N1,482.72 per dollar…