The poor performance of the Nigerian currency continued at the Black market segment of the foreign exchange (forex) market. On Monday morning, visits to where black...
Naira continued its depreciation against the US dollar on Monday as Nigerians were forced to pay for a dollar at N610 in Lagos. This was a...
The Central Bank of Nigeria (CBN) has announced that in the first two months of 2022, it disbursed a total of N567.7bn to six critical sectors...
Black market currency traders continue to profit from forex scarcity in the country as the gap between official and unofficial market exchange rates widen further. On...
Nigeria has been named in a new report alongside ten other countries within the Economic Community of West African States (ECOWAS) as having very serious debt...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the acceptance of the eNaira will speed up the rate of financial inclusion in the...
The Asset Management Corporation of Nigeria (AMCON) said it had taken over assets belonging to Aeroland Travels Limited, and its directors over indebtedness of N1.8bn. A...
America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine...
Clearing agents have halted services at the Tincan Island Port amid the controversial 15 per cent National Automotive Council (NAC) levy. Lucky Amiwero, president, national council...
Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors,...