Naira exchanges at N450 to dollar
The naira on Thursday exchanged at N450 to dollar at the parallel market as build…
Business News
Banks text customers to come and buy dollars
Nigerian banks are texting their customers about the availability of forex for personal travels. A…
Kingsley Obiora appointed NEXIM Bank Chairman
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Kingsley Obiora, has taken over…
Facebook and Google extend work from home to year end
Facebook and Google have said they will let employees continue working from home for the…
NNPC reduces petrol depot price to N108
The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price…
Nigeria records crude oil, gas sales of $434m in January – NNPC
The Nigerian National Petroleum Corporation says the country recorded crude oil and gas export sales…
Oil Price Goes Below $5 As Coronavirus Hits Global Economy
Oil prices have plunged further below $5 a barrel with the threat to erase a…
Businesses most affected by COVID-19 outbreak
The Coronavirus outbreak, which has been spreading rapidly, has come with a devastating global impact….
Nigerians capital market loses N2.51tn in seven weeks
Since February 28 when Nigeria recorded its first coronavirus case, investors in the capital market…
China’s virus-hit economy shrinks for first time in decades
China’s economy shrank for the first time in decades in the first quarter of the…
Naira gains on the dollar for the first time since March
The Nigerian currency (naira) appreciated against the dollar by exchanging at N383 to the dollar,…
Innoson Shares 1000 Bags Of Rice, Donates Ambulance To Anambra State
The Chairman of IVM Innoson Group, Chief Dr. Innocent Chukwuma has donated an IVM Medical…
COVID-19: How your business can provide superior customer service despite lockdown
No one could have predicted that within a couple of months we would all be…
China ZTE executive quits amid sex assault allegations
An executive at Chinese tech giant ZTE has resigned following reports that he is under…
Coronavirus pandemic: EU agrees €500bn rescue package
EU finance ministers have agreed a €500bn (£430bn;$540bn) rescue package for European countries hit hard…
FG gives reasons for fuel subsidy removal, discloses alternative to kerosene
The Federal Government has explained why it finally bowed to age-long agitation for the removal…
Dangote Cement woos investors with N100 billion issue
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in…
COVID-19: Nigeria needs $50 billion to survive an impending recession
When you are faced with health-related adversity such as COVID-19, you think of survival first…
Naira weakens further, dollar sells for N412
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the…
Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens
Following the uncertainty in the foreign exchange market, the Naira depreciated at the parallel market…
Nigeria may enter recession in six months –Finance minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that the…
Billionaires’ list: Dangote loses $2.5bn in one month
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by…
Manufacturing: Activity level slumps on COVID-19
According to the Purchasing Managers Index (PMI) data released by the Central bank of Nigeria (CBN) for…
Coronavirus: Simple ways to keep your business running
Coronavirus is beginning to shake up businesses and consumer behaviour on a massive scale. Both the…
Official: CBN says N360/$1 not devaluation but “adjustment of price”
Nigeria’s central bank officially commented on the widely perceived devaluation of the naira from N307/$1…
FG warns local rice dealers to desist from price hike
The Federal government (FG) has warned dealers of the locally produced rice from hiking the price, as…
CBN devalues naira as market defies interventions
The Central Bank has technically devalued the naira to exchange to the dollar at N380….
FG to shut 3 airports till further notice
As part of its measures to help contain the spread of the coronavirus disease across…
Why Buhari reduced petrol price to N125
President Muhammadu Buhari yesterday approved an immediate reduction in the pump price of premium motor…
AfDB suspends two Nigerian companies for fraud
African Development Bank has debarred Beulah Universal Link Resources Limited and Bluestream Systems and Device…
