Several Nigerian businesses that rely on imports have been cut off by their foreign suppliers who are rejecting letters of credit (LC) and r...Read More
Dr Onuoha Nnachi, an economist, says dollarized corruption is the reason for the foreign exchange crisis in Nigeria. Nnachi, the Managing Di...Read More
The Dangote Refinery, a significant undertaking in Nigeria, is enmeshed in new controversy. This time, there is tension between the Nigerian...Read More
The outgoing Finance Director at the Central Bank of Nigeria (CBN), Benjamin Fakunle, has been arrested and detained by the Department of St...Read More
As the cost of building materials increases, the chairman of BUA Cement, Abdul-Samad Rabiu, has revealed that his company is in talks with t...Read More
BREAKING: The embattled CBN Governor, Mr. Godwin Emefiele, secretly sold 3.4 billion dollars to Dangote, IN ONE TRANSACTION, at a rate other...Read More
Leaked CBN letter to a bank reinvokes 2015 circular banning Naira overdrafts secured by foreign currency deposits A confidential letter from...Read More
The Central Bank of Nigeria (CBN) recently imposed a travel ban on bank chief executives between July 5 and August 15 to ensure their availa...Read More
Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank The NNPC Ltd. and @afreximbank have jointl...Read More
As of the time of filing this report, the Nigerian naira has dropped to a record low of N945 per dollar at the parallel market. The Nigerian...Read More
The Federal Government, through the Federal Competition and Consumer Protection Commission, has issued a cease-and-desist order to Point of ...Read More
Nigeria remains the largest African economy with a nominal GDP of $477.4 billion. The top three economies accounted for 49.5% of the African...Read More
The Chairman and CEO of Dangote Group, Aliko Dangote has said the first product of the Dangote Refinery “will be available in the market be...Read More
BREAKING: The Federal Executive Council today approved @FMoCDENigeria’s National Policy on Blockchain. What this means is that @NigeriaGov h...Read More
The president made the appeal during a meeting with Japanese Prime Minister Fumio Kishida at the Jubilee House on Tuesday. President Akufo-A...Read More
Nigeria’s foreign exchange reserves have dropped by $1.82 billion over the past four months, official data and reports shows massive and ste...Read More
Two Nigerian students believed to be part of the final set of students stranded in Sudan owing to the ongoing war in the Northeast African c...Read More
Transnational Corporation Plc (Transcorp) has informed the Nigerian Exchange Limited (NGX) and the investing public of the acquisition of ne...Read More
Former Commissioner for Local Government and Chieftaincy Affairs Abia State, Chief Charles Ogbonnaya, cautioned Abia Governor-elect, Dr Alex...Read More