Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream ...
Guaranty Trust Bank Plc has joined a growing list of Nigerian banks to suspend international transactions of their naira-denominated Mastercard. According to the bank, this suspension will come into effect ...
The Senate has urged the Central Bank of Nigeria to urgently extend the withdrawal of old currency notes from circulation from January 31, to June 30, 2023. The senate’s resolution ...
On Tuesday, the Naira strengthened against the US dollar in the parallel market segment of the foreign exchange (forex) market. In the black market yesterday, the Nigerian currency was exchanged ...
The World Bank has asked the Central Bank to reconsider its RT-200 Programme despite its good intentions. According to the global bank, this policy has created an additional foreign exchange ...
Stakeholders in the aviation industry have expressed concerns over the inability of airlines to repatriate their revenues, noting that the trapped funds would hamper the sector’s contribution to the Gross ...
The Nigerian stock market ended last week on a high note, with 0.79% growth week on week. The market has returned 16.36% year to date, with the All Share Index ...
Economic experts have emphasized the importance of resolving currency issues in Nigeria and Kenya in order to attract foreign investors. Simon Kitchen, Head of Strategy and Research at EFGs, revealed ...
Oraimo, a tech company, claims to have unveiled the Oraimo Smart Clipper 2, a new smart wireless and rechargeable clipper for hairstylists. According to a statement from the company, the ...
In recent months, inflation, interest rates, public debt, and current account deficits have contributed to Nigeria's economic downturn. In October 2022, Nigeria's inflation rate increased to 21.09 percent, up from ...
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