BREAKING: Dollar Hits N1,600 At Parallel Market
The foreign exchange crisis worsened on Thursday as the local currency further depreciated, exchanging at N1,600 to a dollar at the parallel market, findings by Daily…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Economic Hardship: NARTO Threatens To Stop Lifting Petrol Over Losses From Monday
The Nigerian Association of Road Transport Owners, NARTO, has threatened to stop the lifting of petrol from Monday over high cost of operation. NARTO National President,…
Economic Hardship: Gov Zulum declares one-day prayer and fasting for divine intervention
Governor Babagana Zulum of Borno State has urged citizens of the state to fast and offer special prayers on Monday for divine intervention over the current…
EFCC Arrest Onitsha Market Leader Over Alleged N6.7m Fraud
The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned the Chairman, Onitsha/Odekpe Plastic Market Association, Obinna Calistus Okoli, before Justice Nnamdi…
BREAKING: Bakers to begin Nationwide Strike Feb 27 Over Production Cost Inflation
The Association of Master Bakers and Caterers of Nigeria (AMBCN), on Tuesday, issued a nationwide strike notice from February 27 over unfavourable business climate. Adeniyi Bamidele…
BREAKING: UK economy slips into recession
The UK economy has slipped into recession as households cut back on spending in response to soaring interest rates and rising cos of living. The Office…
TSA: House to Sanction Non-Compliant MDAs —Summons CBN, AGF and Finance Minister
The House of Representatives Committee on Public Accounts (PAC) has resolved to sanction Ministries, Departments and Agencies (MDAs) that flout the TSA regulations. In a bid…
BREAKING: ‘Looted funds recovered under Buhari now missing from CBN’ – SERAP
A group, the Socio-Economic Rights and Accountability Project (SERAP), has alleged that all the stolen public funds recovered by the immediate past government of Muhammadu Buhari…
BREAKING: Buhari’s signature forged to withdraw $6.2b from CBN, says ex-SGF Mustapha
Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew $6,230,000…
BREAKING: Official exchange rate falls to N1,534 for the first time ever
The exchange rate between the naira and dollar closed at N1,534/$1 on the official NAFEM market on Monday, February 12th, 2024. This is the weakest ever…