Business

The international credit rating agency, Fitch Ratings, has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of the American dollar. This...

The naira continued its considerable climb on Monday, 20 May, as it recorded gains at both the official window and the parallel markets. At the official Nigerian Autonomous Foreign Exchange...

As the Monetary Policy Committee (MPC) of CBN meets today, Monday 20 May, to assess the state of the economy following recent consecutive increases in the benchmark lending rate, analysts...

Naira appreciated at N1,380/$1 on the parallel market yesterday, posting a gain of N70 in one day, compared to Thursday’s close of N1,450/$1. On the other hand, the local currency...

Mobile operators in the country's telecommunication including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after...

Port Harcourt Refining Company (PHRC) a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) on Thursday, April 25, signed a share subscription agreement with African Refinery for the colocation...

The aviation industry stakeholders have stated that Nigerian airlines lose about N4 billion in revenue annually due to the inability to operate flights longer than standard hours. They identified the...

The naira weakened against the dollar across the official and parallel markets yesterday, manifesting four consecutive days of losses. The naira settled at N1,309.81/$1 at the Nigerian Autonomous Foreign Exchange...

Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) yesterday recorded an oversubscription of 254.23 per cent as investors’ total subscription stood at N531 billion as against...

The Central Bank of Nigeria (CBN) yesterday approved the sale of additional Foreign Exchange (FX) to eligible Bureau De Change (BDC) operators at N1,021 to the dollar below the current...