As controversy trails foreign airlines’ funds, the local currency continued on a recovery note yesterday with naira appreciating significantly against the dollar on the strength. The local currency continued on a recovery... Read more »
President of the National Association of Nigerian Travel Agencies (NANTA), Mrs. Susan Akporiaye in a chat with Daily Trust said as it currently stands the Federal Government is not owing foreign airlines... Read more »
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor of the apex bank. This development... Read more »
Excitement by the staff as Adaora Umeoji emerges the first female MD of Zenith Bank Plc. Read more »
Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth... Read more »
Transnational Corporation (Transcorp) Plc on Monday announced the listing of its subsidiary, Transcorp Power Plc via listing by introduction on the Main Board of the Nigerian Exchange (NGX). The Group, in a... Read more »
TOKUNBO / FOREIGN USED CARS BELOW: 2012 Toyota Camry LE + Alloy wheels @ 9.2m (Gold ) 2010 Venza Limited + Pano roof @ 15.5m 2011 Camry Sport + Thumbstart @ 10m... Read more »
Scores of liquor sellers, on Thursday in Ibadan, staged a peaceful protest against the prohibition of production and sales of sachet alcoholic beverages in the country by the National Agency for Food... Read more »
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$... Read more »
Two senior executives at Binance have been detained in Nigeria as Africa’s most populous country tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges. The executives flew... Read more »
Amid President Bola Tinubu’s government’s clampdown on cryptocurrency to save the battered naira, the world’s biggest cryptocurrency trading platform, Binance, has disabled its peer-to-peer function for Nigerian users. Peer-to-peer function, popularly known as... Read more »
Nigeria’s Central Bank Governor, Olayemi Cardoso has stated that about $26 billion has passed through Binance Nigeria. He took this question in response to the activities of cryptocurrency platforms like Binance. Read more »
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange to Bureau de Change (BDC) operators in the country. This was contained in a memo signed by Hassan Mahmud,... Read more »
In a move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has taken a decisive step to bridge the... Read more »
After a week of sustained raids, the operations of Bureau De Change (BDCs) will resume nationwide today (Tuesday), it has been learnt. After a week of sustained raids, the operations of Bureau... Read more »
Naira appreciates further to N1,650/$ at parallel market Naira appreciated by 6.78 percent, representing N120 drop compared to the N1,770/$ traded on February 23, 2024. Read more »
Pat Utomi, a prominent economist and leader of the Labour Party, has issued a strong caution that the naira could plummet to N10,000 per dollar if immediate action is not taken. Utomi... Read more »
The Association of Master Bakers and Caterers of Nigeria has announced that it is poised to begin a nationwide strike on Tuesday, February 27. In a statement on Monday announcing the strike,... Read more »
Qatar has now agreed to President Bola Tinubu’s proposal for a meeting to discuss business matters, despite previous reports suggesting that they had rejected the visit. The meeting is scheduled for March... Read more »
Former Anambra State Governor, Peter Obi, criticized the reported crackdown on Bureau De Change (BDC) operators by government agencies, stating that it is misguided. The Economic and Financial Crimes Commission (EFCC) conducted... Read more »