Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades […]
• Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, October […]
Nigeria has won its bid to overturn an $11 billion damages bill for a collapsed gas processing project it said was procured by a concerted campaign of bribery. This was ascertained as the court sitting […]
By Marvellous Nyang Finance Minister, Wale Edun, says Nigeria expects $10 billion in new foreign currency inflows in the next few weeks to ease liquidity in the foreign exchange market. Edun who disclosed this in […]
By Gideon Maxwell Nigeria’s Supreme Court began hearing of the appeals filed by the country’s opposition presidential candidates Atiku Abubakar, and Peter Obi, challenging the judgement of the Presidential Election Petition Court which affirmed President […]
China’s President Xi Jinping has pledged that his country will increase investments in Nigeria’s power generation sector and its digital economy, the Nigerian vice president’s office said in the wake of a Belt And Road […]
• Offical rate now N999/$1 Nigeria’s naira hit a new record low of N999 per dollar on the official market on Thursday, October 19, 2023, Refinitiv data showed, in line with weakness on the parallel […]
The Alternative Bank, Nigeria’s newest entrant into the financial services sector, launched in spectacular fashion by holding simultaneous launch events in three major cities across the country – Lagos, Abuja, and Kano, making it the […]
Nigeria’s central bank has said that it plans to intervene in the country’s foreign exchange market occasionally to boost liquidity, while ending an eight-year ban on 43 items that had been restricted from accessing forex […]
By Gideon Maxwell The Management of Dangote Cement Plc has refuted claims circulated by some online platforms that it has reduced the prices of its cement on sales promotion which caused it to adjust its […]
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