Business

Poor electricity supply hits Southeast as EEDC exonerates self

Poor energy supply hits portions of the southeast as the Enugu Energy Distribution Company, EEDC, claims the problem is beyond…

9 months ago

All foreign currency transfer to be given in Naira – Nigerian Bank

International money transfer operators, IMTOs, will now allow international transfers using naira as the currency. This complies with the latest…

10 months ago

Naira appreciates against US dollars at forex market Friday

At the end of business on Friday, the Naira saw a minor increase in value relative to the US dollar…

10 months ago

CBN gives update on exchange rate

The exchange rate between the naira and the dollar will remain stable, according to the Central Bank of Nigeria, CBN. This…

10 months ago

NNPCL speaks on fuel price hike

Nigerians have been reassured by the Nigerian National Petroleum Company Limited (NNPCL) that the price of Premium Motor Spirit (PMS),…

10 months ago

World Bank commits over $15bn to 30 projects in Nigeria

Amid economic difficulties, the World Bank claimed that it has committed more than $15 billion to fund 30 development initiatives…

10 months ago

Cashless transactions in Nigeria hit 611.06 trillion in 2023

In 2023, Nigeria's cashless transactions reached N611.06 trillion. On Wednesday, the Nigeria Inter-Bank Settlement System made this revelation. According to…

10 months ago

FG announces commencement of ban on sackets alcoholic drinks

The federal government of Nigeria has declared that, as of February 1, 2024, alcohol produced in sachets less than 200…

10 months ago

Naira gains against US Dollar at foreign market

Against the US dollar, the Naira saw a notable increase in the Foreign Market due to the Central Bank of…

10 months ago

Naira: Dollar supply surge by 180 per cent at forex market over CBN intervention

US dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial…

10 months ago