Business
New Naira Note: Bank tells Nigerians what to do with old notes, alerts on deadline
Following the announcement made by the Central Bank Bank of Nigeria to redesign the N200, N500 and N1,000 notes, the...
Naira declines by 50% since CBN ban on BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the value of the...
MAN: Excessive importation worsening unemployment
The Manufacturers Association of Nigeria has said the recourse to imported produce by Nigerians has contributed significantly to Nigeria’s current...
We have put policies in place to tackle naira depreciation, says CBN
The Central Bank of Nigeria (CBN) has stated that it has established policies to address the persistent depreciation of the...
Naira slides to N751 per dollar at parallel market as demand surges
The Nigerian naira, on Thursday, slumped to N751 per dollar at the parallel section of the foreign exchange (FX) market...
CBN, AMCON sell Polaris Bank to SCIL
The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share...
Microsoft lays off nearly 1000 staff as shares drop to 30%
Microsoft, an American multinational technology corporation, has cut close to 1,000 jobs globally as its stock price has fallen to...
NUPRC: Energy transition may threaten job security, stifle investment
Chief Executive Officer (CEO) of Nigerian Upstream Petroleum Regulatory Comission (NUPRC), Gbenga Komolafe has disclosed that most international oil companies...
Naira gains marginally, exchanges at 441.25 to dollar
On Monday, the Naira appreciated a little bit against the dollar, reaching N441.25 at the Investors and Exporters window. Compared...
Corruption: W’Bank sanctions seven Nigerian firms, individuals
The World Bank has revealed that it sanctioned seven Nigerian firms and individuals for corruption during its 2022 fiscal year....
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