Business

The naira dropped to a record low against the dollar on the official market during the Investors and Exporters (I&E) window on Monday, closing at N1,617.96/$1 compared to N1,615.81 per...

reports that following the Central Bank of Nigeria (CBN) sustained drive to mop-up liquidity; deposit money banks and merchant banks in the country have in the first two months of...

According to news reports, foreign investors have committed $822.6 million to the economy through the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. A report by Afrinvest West Africa Limited at...

The Independent Petroleum Producers Group (IPPG) has endorsed the recent Executive Orders signed by President Bola Tinubu, which the government says is aimed at revitalizing investment in the Nigerian oil...

The Naira, at the official foreign exchange market, yesterday recorded marginal appreciation to N1,602.17/$1 from N1,605.74/$1 traded Wednesday, data from the Financial Markets Dealers Quotes (FMDQ) exchange showed. The supply...

According to reports that the Central Bank of Nigeria (CBN) yesterday, sold a record N1.32 trillion Treasury Bills (T-Bills), with the yield on the 364-day T-Bill rising to 21.49 percent...

The Manufacturers Association of Nigeria (MAN) has revealed that 335 manufacturing companies became distressed while 767 shut down in 2023—that the newly introduced Expatriate Employment Levy (EEL) of $10,000 and...

Binance, a cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign...

In recent reports, the Naira yesterday suffered a setback in its gaining streak as it depreciated at the official window after recording gains for four consecutive days. It was however...

Following the additional levies of $10,000 and $15,000 on expatriate staff and directors, respectively, by the Federal Government, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concern about...