The demand for foreign exchange by individuals and companies seeking to do importation and other forex-related activities fell 42 per cent year-on-year, latest data from the Central Bank of Nigeria have ...
Kenny Blaq, a Nigerian modern stand-up comedian and singer, has announced the fourth edition of his performance. The musical comedy maestro will tour three cities in the upcoming season: Lagos, ...
President Bola Tinubu has approved a $100m investment by Nigeria for class A shares in the proposed African Energy Bank, the Federal Ministry of Petroleum Resources announced on Friday. It ...
The recent 150 basis points hike in the Central Bank of Nigeria's (CBN) Monetary Policy Rate (MPR) to 26.25% will exacerbate the already high cost of doing business in Nigeria, ...
On May 24, 2024, Nigeria's foreign exchange market experienced a dramatic increase in turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, surging by 231.99%. This occurred alongside the ...
The Manufacturers Association of Nigeria has said manufacturers were forced to cut production and jobs in the first quarter of the year due to macroeconomic-related headwinds. MAN’s Director of Research ...
To enhance talent exports and generate substantial foreign exchange earnings, the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, oversaw the signing of a Memorandum of Understanding (MoU) between ...
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained ...
The parallel market saw the rise to N1,475 per dollar yesterday, up from N1,480 per dollar the previous weekend. Similarly, it rose to N1,468.99 per dollar in the Nigerian Autonomous ...
The Executive Director of Finance and Risk Management for United Bank for Africa, Ugochukwu Nwaghodoh, has said that the banking group would meet the new capital requirement before the March ...
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