Naira slumps to N1,025/$ as forex crisis worsens
Nigeria’s currency, the Naira, slumped to N1,025 per dollar at Tuesday’s parallel foreign exchange market as forex scarcity worsened. Ahmed Gazali, a Bureau De Change operator…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Petrol price hits N1,000 per litre in Abuja as queues return
The petrol scarcity in Abuja took a new turn on Tuesday, October 10, with retailers selling the product for as high as N1,000 per litre. This…
BREAKING: Fuel Price hits 625 per litre in FCT, as queues resurface
The price of petrol has increased to about N625 per litre, LEADING REPORTERS has authoritatively confirm. A visit by LEADING REPORTERS to Rainoil filling stations along…
External reserves fall by $841m in three months
Nigeria’s external reserves fell by $841.75m between July and September, figures obtained from the Central Bank of Nigeria revealed. The CBN revealed in its report on…
Oil bunkering: over 30 persons burnt to death in Rivers community
Over thirty persons have reportedly died in Ibaa community, Emohua Local Government Area of Rivers State, following a fire explosion from an illegal oil refining site.…
Naira Marley breaks silence, denies allegations of being responsible for DJ Splash’s mental illness
Embattled Nigerian singer and Marlian Records henchman, Azeez Fashola, popularly known as Naira Marley has denied claims that he is responsible for DJ Splash’s mental instability.…
Total Shutdown Imminent as Aviation and Banks Vow to Join Nationwide Strike
The aviation and banking industries have thrown their support as the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have announced plans to embark…
CBN Can’t Be Hijacked Under My Watch, Cardoso boasts
The new Governor of the Central Bank of Nigeria (CBN), Dr Yemi Cardoso, has assured Nigerians that the apex bank will not be hijacked under his…
BREAKING: Senate confirms Yemi Cardoso as CBN governor
The Senate has confirmed the nomination of Dr Olayemi Cardoso as governor of the Central Bank of Nigeria (CBN). Cardoso’s confirmation was announced after his screening…
CBN audit report to be available soon- FG
The Federal Government has admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership. The government however scored the…