Business

Telecommunications operators have called on the federal government to allow market forces to determine price of services offered in the sector. This is even as they posited that the ICT sector is not immune to…

Financial institutions, especially commercial banks in the country have lost N5.7 billion to fraud as in the second quarter of this year.…

The naira extended its fall on Thursday, exchanging at 905 to a dollar at the parallel segment of the foreign exchange market.…

From high-end smartphones to electric cars, the demand for lithium is outstripping the ability to extract it from the earth.…

Dangote Industries Limited has emerged as Nigeria’s most valuable brand for the sixth consecutive year. This achievement was confirmed by the…

Experts, yesterday, lauded the Nigerian Exchange Limited (NGX)’s proposed dollar asset listings for firms within the free trade zones, stating…

The International Monetary Fund, IMF, has hinted that the lead world economic powers are leading in aggregate global fossil fuel subsidy. It also stated that globally, total fossil fuel subsidies amounted to $7…

Central Bank of Nigeria (CBN) has faulted the bank’s financial accounts estimation published by JP Morgan, questioning its intention. Hassan Mahmud, the…

It was another week of anti-dollar vituperations as developing and emerging economies under the BRICS group met in Johannesburg South Africa. Former Nigerian President Chief Olusegun questioned the need for the…

The Nigerian Exchange Limited (NGX) recently disclosed its proposal to allow companies list bonds denominated in dollars on…

The Central Bank of Nigeria has scrutinised lenders and foreign exchange bureaus, marking the latest effort to ease a dollar shortage…

The lingering foreign exchange shortage in Nigeria is crimping the ability of the pharmaceutical industry to import products and raw materials, a…

The naira, on Wednesday, depreciated by 0.35 percent to close at N773.4/$ at the investors and exporters (I&E) window. Data from , a platform that oversees foreign exchange (FX) trading in Nigeria, showed that…

The Managing Director/Chief Executive Officer of Duport Midstream Company Limited, Dr Akintoye Akindele, has opened up on a business dispute he…

The Federal Government is expected to make up to $17bn if it sells down its stake in most joint-ventures oil and assets, JP Morgan has stated.…

Nigeria’s leading telecommunications company, MTN Nigeria Communication (MTN Nigeria) Plc has allotted 641.05…

Global financial service firm JP Morgan has estimated Nigeria’s FX Reserve to be around $3.7 billion much lower than reported figures of about $30 billion. The bank disclosed this in its latest report on Nigeria titled…

Chess is a game of intellect and strategy, it is often referred to as the royal game, the game of kings and queens, the ultimate battle of wits and will.   Beyond its entertainment value, the game is known to…

The real estate and construction sector have continued to grapple with multiple effects of depreciation in the country’s naira value,…

Nigeria’s average daily consumption of Premium Motor Spirit (PMS), popularly called petrol, dropped to 52 million litres in July, as…

In the dynamic streets and bustling neighbourhoods of Nigeria, a profound shift is reshaping the nation’s ardent football-loving community.   The act of watching football games, once an accessible and cherished pastime,…

•Why Naira is under attack, by ABCON president Policy inconsistencies of the Central Bank of Nigeria (CBN) continued unabated at the weekend with the reinstatement of …

The President/CEO of Erisco Foods Limited, Chief Eric Umeofia, has revealed that his firm has not been able to access foreign exchange from the Central Bank of Nigeria (CBN) since 2020. Umeofia also expressed…

On September 9, 2021, the Nigerian media was awash with the stories of the Naira depreciating to its lowest level in 48 years, trading…