Business

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…

1 year 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…

1 year 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),…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

CBN speaks on conversion of $30bn domiciliary deposits to naira

The proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank…

1 year ago

Naira appreciates against US Dollar amid CBN intervention

At the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign…

1 year ago