JUST IN: Naira appreciates against dollar, now N990/$ on parallel market
Nigeria’s currency, the Naira, experienced a slight depreciation against the US Dollar in the foreign exchange market on Tuesday. According to data from the official FMDQ…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
“The price keeps increasing on a daily basis” – Manufacturers lament as diesel price hits N1,300/litre
Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state, Daily Trust reports.…
JUST IN: Naira gains as dollar falls to N1,140 in black market
The dollar’s value against the naira witnessed a significant drop from its peak of N1,310 last week, resulting in a marked appreciation of the naira, particularly…
Tinubu’s govt budgets N5 billion for presidential yacht, N5.5 billion for student loan
The Bola Tinubu-led administration has proposed to appropriate N5.095 billion for purchasing a presidential yacht under the capital expenditure Nigeria Navy and N5.5 billion for education…
BREAKING: Lagos state govt shuts 34 companies over tax debts
The Lagos state government has closed down 34 corporate organizations for failing to remit Personal Income Taxes of their employees and for non-remittance of consumption taxes.…
BREAKING: Fire Guts Ladipo Plank Market, Destroys Goods Worth Millions
A midnight fire razed the popular Ladipo Plank Market Amukoko at the Iganmu Road, Orile, area of Lagos State, destroying goods and property worth millions of…
BREAKING: CBN speaks on ‘plan’ to introduce new naira notes in January
The Central Bank of Nigeria (CBN) has denied claims that it plans to redenominate the naira with effect from January 2024. This was contained in a…
Fidelity Bank wins Export Finance Bank of the Year award at 2023 BusinessDay BAFI Awards
Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at…
70 corpses, skeletons uncovered near Abia cattle market – Gov
The Abia State Governor, Alex Otti, says 50 decomposing corpses, including 20 headless ones, as well as countless skeletons were discovered by security operatives during a…
Why Naira re-denomination will fail in Nigeria — Experts
Against the backdrop of sustained rumors about the introduction of the Naira re-denomination by the current government, economy analysts and corporate chieftains have painted a discomforting…