As Nigeria grapples with rising food prices, Aminu Goronyo the president of Nigerian Rice Farmers Association has explained why the cost of rice is skyrocketing in...
The Central Bank of Nigeria (CBN) has officially added the NAFEX exchange rate on its website. The update made on Tuesday morning shows Naira is currently...
The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 per dollar from its website. Also, The last time the exchange rate...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Presidential Economic Advisory Council (PEAC) has urged the Nigerian government against the continued implementation of multiple exchange rates by adopting a unified currency rate regime...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The International Monetary Fund (IMF) has expressed concerns that Nigeria’s per capita growth is weak, adding that strong measures were needed to move the growth into...
The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday commended the return to the January -December budget circle but described as unrealistic the exchange rate...
Nigeria might be facing another financial crisis as a result of government failing revenues, BudgIT, has warned. In an analysis of the federal government 2018 budget...
The naira on Monday closed trading at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars....
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
Managing director of Elephant Group, Mr. Tunji Oweye said Nigeria’s large poultry market of 17.5 million people is facing some challenges due to dwindling naira value....
After an improved earning from the Federation Account in June, the July allocation to the three tiers of government for July dropped from N559.032 to N443.663....
The Federal Executive Council, FEC, has pegged $42.5 benchmark for oil for the 2017 budget as it approves a two year Medium Term Expenditure Framework, MTEF....
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency will soon regain some lost grounds against major currencies. Last year alone, Nigerians abroad sent $31.5 billion home and have...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
By Timothy Enietan-Matthews . . . The Federal Government, Sunday, reacted to remarks made by the Deputy Senate President, Ike Ekweremadu, over the poor state of...
At its meeting today, only a few days to the presidential election, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) left its...
