Business News

Yesterday, the Naira strengthened to N1,060 per dollar on the parallel market, up from N1,105 per dollar on Wednesday. However, it fell to N1,154.08 per dollar on the Nigerian Foreign...

The Central Bank of Nigeria (CBN) has denied claims that it is selling foreign exchange (FX) to bureau de change (BDC) operators at a rate of N1,001 every $1. The...

The National Bureau of Statistics (NBS) reported that the average retail price of a litre of petrol jumped from N246.29 in March 2023 to N696.79 in March 2024. The agency...

Google announced on Thursday that it has let go of 28 workers after some of them took part in demonstrations against the Israeli government's cloud contract. A tiny number of...

The Nigerian Ports Authority says has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the...

In a bid to address the recurrent collapse of Nigeria’s power grid, the Federal Government has deployed a new technology to detect and respond to sudden drops or dips in...

The Centre for the Promotion of Private Enterprise has said that the fluctuating exchange rate has adversely affected container traffic, causing a slowdown in momentum and tempo in the country’s...

The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024, the Federal Government announced on...

Yesterday, the Naira dropped to N1,105 per dollar on the parallel market, down from N1,100 on Tuesday. However, the nugeria note appreciated to N1,072.74 per dollar on the Nigerian Foreign...

The Central Bank of Nigeria (CBN) has rolled out a new directive impacting all Deposit Money Banks (DMBs), slashing the loan-to-deposit ratio (LDR) to 50%. This notable policy shift, effective...