Browsing: Business

According to a report from the Nigeria Interbank Settlement System (NIBSS) electronic payment transactions in Nigeria surged to an unprecedented $702.6 billion (N1.07 quadrillion) over the…

The Nigerian currency, the Naira, gained massively against the Dollar in both official and parallel exchange markets on Tuesday. The Naira closed at N1,625 to a…

The Central Bank of Nigeria (CBN) on Monday introduced the Nigeria Foreign Exchange (FX) Code, coinciding with the Naira’s appreciation against the dollar on the black…

The Central Bank of Nigeria (CBN) has announced an immediate waiver of the 2025 licence renewal fee for all bureau de change (BDC) operators. Jonah Onojah,…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated Nigeria’s determination to attract investment into its electricity sector. During an…

The Nigerian Institution of Marine Engineers and Naval Architects (NIMENA) has elected Engr. Eferebo Sylvanus as its new chairman to lead the institution for the next…

The Naira appreciated significantly against the dollar on a week-on-week basis in both the official and parallel foreign exchange markets, gaining N18.85 and N20, respectively. At…

Nigeria must address security challenges, attract investments, and implement robust regulatory measures to meet its goal of producing 2.06 million barrels of crude oil per day…

Nigeria is steadily emerging as a refining hub in West Africa, bolstered by the establishment of new private and state-owned refineries, including the Dangote Refinery. However,…

Rising inflation, high interest rates, and the continued depreciation of the naira could push an additional 13 million Nigerians below the poverty line by 2025, according…