FTX founder Sam Bankman-Fried has been arrested in the Bahamas
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Naira slump, loans push public debt to N121tn
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In comparison to its sales in 2022, BUA Foods Plchas reported revenue of N729.4 billion, a 74.4 percent rise. Alhaji Abdul Rabiu, the Chairman of BUA Foods, made this statement...
Read moreDetailsThe Federal Government has sent the Economic Stabilisation Bill to the National Assembly in an attempt to fortify Nigeria's naira against the US currency. The purpose of the law is...
Read moreDetailsThe Naira experienced a depreciation of N8.94 against the dollar yesterday, falling to N1,680 per dollar in the parallel market from N1,655 per dollar on Tuesday. Similarly, the Naira declined...
Read moreDetailsThe value of the Naira decreased on the Nigerian Autonomous Foreign Exchange Market (NAFEM) to N1,658.48 per US dollar. The indicative exchange rate for NAFEM increased to N1,658.48 per dollar...
Read moreDetailsIn an effort to promote economic cooperation and strengthen bilateral trade and investment between Nigeria and China, the Suzhou Chamber of International Commerce and the NigeriaAviation Handling Company Plc, also...
Read moreDetailsIsmaila Yusuf Atus, the Managing Director of a leading sports betting firm, has voiced concerns over the detrimental impact of multiple taxation on Nigerian businesses, describing it as a significant...
Read moreDetailsAlhaji Aliko Dangote, the President of the Dangote Group, has urged the Federal Government to discontinue the petrol subsidy. He added that the Naira will be less pressured by the...
Read moreDetailsToyin Adegbola, also known as Toyin Tomato, has encouraged women to stick with their husbands despite obstacles they may encounter. During a recent Instagram live session on Monday, the 62-year-old...
Read moreDetailsThe Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) has voted to raise the country's benchmark interest rate, known as the Monetary Policy Rate (MPR), to 27.25%. This move,...
Read moreDetailsIn the parallel market, the Naira fell from N1,650 per dollar to N1,640 per dollar yesterday. $1 this Thursday. In a similar vein, the value of the Naira declined on...
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