Browsing: Business & Economy

Traders on the FMDQ where forex is traded officially have implemented a +/-5% band around the previous day NAFEX while also caping bid/offer spread to N50. …

The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction as the apex bank continues its ongoing effort…

Google, owned by billionaires Larry Page and Sergey Brin, is not shutting down Gmail, as the email platform asserted, “Gmail is here to stay,” in response…

The Board of Directors of Rand Merchant Bank Nigeria has announced the appointment of Bayo Ajayi as Acting CEO of RMB Nigeria. This new appointment has…

 The Nigerian Customs Service (NCS) has initiated the distribution of seized food items across the country.   The Comptroller-General of Customs, Wale Adeniyi, disclosed that the Federal…

The freefall of naira, one of the world’s worst-performing currencies last year, has sparked a bloodbath among multinational companies operating in Nigeria, with shareholders funds taking…

The Federal Ministry of Health and Social Welfare has announced that it has adopted a sector-wide approach to eliminate malaria in Nigeria.  Recognizing the need for…

The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.15 trillion in revenue to the three tiers of government in February 2024, marking an…

…Money supply rises 44% in six months to N93trn The Central Bank of Nigeria (CBN) will on Monday and Tuesday conduct the first Monetary Policy Committee…

The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N1960 per Euro, driven by persistent demand pressures that continue…