The Central Bank of Nigeria (CBN) issued further guideline to Banks in respect of operational changes to the foreign exchange market. The CBN in a statement...
The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure. AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual...
Managing Director, Development Bank of Nigeria (DBN), Dr Tony Okpanachi, says the bank has provided long-term finance to over 60 Primary Financial Institutions (PFIs) since its...
A policy document prepared for President Bola Tinubu indicates that Nigeria should target an exchange rate of between N500 and N600 to the dollar, which requires...
Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness...
Ending the week, the Lagos bourse maintained the bearish trend as the All-Share Index declined by 0.33% to close at 59,000.96 points. On market movers, selloffs in ZENITHBANK (-3.28%), GTCO (-3.92%),...
Acting Comptroller General of the Nigeria Immigration Service NIS, Caroline Wura-Ola Adepoju, has announced a state of emergency on Passport issues in the country. Comptroller in...
A series of controversial proposals to address the airline pilot shortage is complicating Congress’ consideration of a new slate of Federal Aviation Administration policies with one...
European Union (EU) has called upon President Bola Ahmed Tinubu to collaborate with the private sector in creating a conducive environment for its prosperity. This statement...
Today, the domestic bourse ended its two-day winning streak as the benchmark index shed 1.32% to close at 59,195.21 points. Selloffs in telco heavyweight, MTNN (-3.83%), as...
FirstBank Nigeria Ltd. has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria(SMEDAN) to develop and promote MSMEs. Dr...
The World Bank has said that for successful subsidy reform to take place, governments must compensate the most vulnerable groups through social assistance programs, like cash...
National Bureau of Statistics NBS, has said that Nigeria’s inflation rate rose to 22.41 per cent in May 2023, marking the fifth consecutive increase. Despite monetary...
The International Monetary Fund IMF, has said that reforms are urgently needed to resolve the energy crisis and tackle structural unemployment in South Africa. It said...
Central Bank of Nigeria has abolished the multiple exchange rates in the Nigerian foreign exchange market. In a circular to all banks and authorised dealers the...