The CBN has announced the resumption of the $20,000 daily forex sale to Bureaux De Change (BDCs) after three years of suspension from the official forex window.According to the approved CBN’s record...
On Tuesday, the Apapa Command of Nigeria Customs Service (NCS) announced that it generated N16.02 billion on February 23, 2024. Usman Abubakar, the command's public relations officer, said that the am...
Yesterday, investors at the Nigerian Stock Exchange closed in a red zone as stocks lost N773 Billion following investors' role in sell-offs. On Monday, the NGX lost N50.64 Billion after market analyst...
On Monday, President Bola Tinubu inaugurated the Geometric Power Plant in Aba. This project is said to have been initiated by a former Minister of Power, Barth Nnaji.Mr President, alongside his visit,...
In the recent happenings in stabilising the Naira, the Central Bank of Nigeria has reportedly sold over $300 million to Deposit Money Banks in the last two weeks as ongoing measures to strengthen the ...
The Federal High Court in Lagos has stopped telecommunication operators from disconnecting sims not linked with their National Identification Number (NIN) by their subscribers. Justice Ambrose Lewis-A...
The Nigerian Stock Exchange started with a bearish return as stocks went down by N50.64 billion in market capitalisation following investors' profit-taking role in Nestle Nigeria Plc, Dangote Sugar Re...
Despite different macroeconomic challenges, BUA Foods Plc reported an impressive increase in its revenue, which grew the company's profit and positively impacted shareholders' returns. However, the co...
According to a recent report from the UK's Department for Business and Trade, it has been announced that the United Kingdom's exports to Nigeria declined by 21.2%, or £357 million, at the close of Q3...
The Central Bank of Nigeria (CBN) has announced its move to peg the payment of cash dollar purchases to a customer at $500, stating that the foreign currency that exceeds this amount will be made thro...