Naira appreciates against dollar in Forex market
The Nigerian currency exchanged at N422 to the dollar, gaining 3 points from N425 it traded on Thursday, while the Pound Sterling and the...
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NASRDA, MenaSAT partner, unveils equipment to maintain, manage satellite across Nigeria
Prof. Riccardo and Mr. Kabiru Muhammad A United Kingdom, UK-based Company, MenaSAT Gulf Group Plc, has expanded collaborations with the...
Dangote Group to invest over N53bn in rice, sugar in Nasarawa
Dangote, who was represented by Mr Abdullahi Sule, the company’s Group Managing Director in charge of sugar production, said the company...
Price of rice to crash soon – Dealer
Workers unload 42,494 tonnes of Thai rice at the Tanjung Priok harbour in Jakarta January 25, 2011. Indonesia’s state procurement agency...
UK promises to help Nigeria out of economic challenges
The minister made the assurance ahead of his three-day visit to Nigeria, during which he will meet Vice President, Yemi Osinbajo. The...
CBN reinstates 9 banks suspended from forex market
The reinstatement of the banks was announced in Abuja on Wednesday by the CBN Director of Banking Supervision, Mrs. Tokunbo Martins. She...
4.58million Nigerians became unemployed under Buhari – NBS
President Buhari The Nigerian Bureau of Statistics, NBS, has disclosed that in the second quarter of 2016, a total of 4.58 million...
Presidency reacts to NBS report, insists economy performing better than IMF’s prediction
It, however, admitted that the inflation and unemployment rates in the country had remained high despite efforts by the current...
Nigeria’s current economy worst in 29 years – NBS
The report is claiming that Nigeria’s economy in the second quarter of 2016, shrank by 2.06 percent to record its lowest growth rate in...
WorldRemit commends restoration of money transfers to Nigeria
At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to rely on just three...
Dangote Rice to hit Nigerian market soon
The new product is expected to force down the price of rice currently sold around N20, 000 per bag. “We are really excited about our rice...
CBN licenses 11 new International Money Transfer Operators in Nigeria
Disclosing this in a statement on Tuesday, the acting Spokesman of the apex bank, Isaac Okorafor, said CBN was committed to providing an...
Economy: Indonesia, Nigeria trade volume falls to $1.75bn from $4bn
Purwanto made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. He said that the signing of economic...
Money laundering: CBN orders banks to freeze illicit transfers, accounts
The CBN gave the directive to authourised dealers, mainly banks, on Friday in a circular signed by the Acting Director of Trade And...
Naira hits all-time low at parallel market, now N412 to $1
This may not be unconnected to suspension of some banks from forex trading by the Central Bank of Nigeria, CBN. Traders said some bureau...
UBA sustains strong asset quality, profitability; proposes N0.20 interim dividend
The bank also recorded a significant growth in total assets, rising 20% to N3.3 trillion, crossing the three trillion mark. Following the...
CBN re-admits UBA into Forex market
Charles Aigbe, Head, Marketing and Corporate Relations, in a statement said “we are pleased to inform our valued customers, stakeholders...
FirstBank, others clarify positions on forex sanction by CBN
Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central...
NOA, CBN to launch campaign against abuse of Naira
The National Orientation Agency (NOA) and the Central Bank of Nigeria (CBN) are collaborating to launch grassroots campaign against abuse...
We have remitted all NNPC, NLNG dollar deposits – UBA
The United Bank for Africa, UBA, has reacted to its alleged inclusion as one of the banks banned by the Central Bank of Nigeria, CBN,...
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