Year Rate (N:$) Depreciation/Appreciation (%) 1973 0.66 – 1974 0.55 -20.0 1980 0.55 0.0 1982 0.67 17.9 1984 0.76 11.8 1985 0.89 14.6 1986 2.02 55.9...
Royal Dutch Shell declared force majeure on its Nigerian Forcados crude oil exports on Monday due to a sabotage attack on a major pipeline. “The Shell...
The naira touched a new all-time low in the inter-bank market and weakened at the central bank’s official window yesterday It depreciated to N167.40 against the...
By Omoh Gabriel Aggrieved shareholders of Spring Bank Messrs Dapo Adeyemi –Bajo, Emmanuel Olyinka Sogelola, MRS Regina Udomesiet, Noah Ekanem, Promise Iwezor, one of the nationalised...
The furore, anger and emotions the planned removal of subsidy next year has evoked shows that Nigerians are yet to embrace the concept of change. Change...
The Nigerian Association of Petroleum Explorationists (NAPE) said there was need for the government to address the nation’s gas master plan to attract investors. Mr Jide...
Seven companies have in Abuja signed a memorandum of understanding with the Federal Housing Authority (FHA)of Nigeria to construct 6,000 houses in 10 states of the...
As a prelude to the commencement of a Cash less Lagos, the Central Bank of Nigeria has appointed four manufacturers for the provision of Point-of-Sale (PoS)...
Nigeria National Petroleum Corporation has approached some international bank to seek for $1.5 billion NNPC banking sources said is making plans to secure a $1.5 billion,...
The naira depreciated to a new record low of N164.85 to the dollar in the inter-bank market as a result of central bank’s comments earlier this...
