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The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels. Managing director/CEO of Lagos-based Financial Derivatives Company, Bismarck Rewane, who revealed this, attributed the steady appreciation ...

…As analysts see committee cutting rates at next meeting The Monetary Policy Committee of the Central Bank of Nigeria (CBN) took a twist in its year-long inflation chase yesterday by holding all the parameters constant around the 27.5 per cent ...

British International Investment (BII), the UK’s development finance institution has inked an investment deal of $40.5 million with Johnvents Group, an agribusiness industry to enhance Nigeria’s cocoa production. The investment is expected to grow the cocoa sector, improve its global ...

Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections, international rating agency, Fitch Ratings, has ...

Charges that customers have to pay when they make withdrawals at Automated Teller Machines (ATMs) have been increased by 185.7 per cent when they withdraw cash from other bank ATMs and 1,614 per cent for those withdrawing from other ATMs ...

The TRUMP cryptocurrency owned by United States President Donald Trump has experienced a drastic drop, losing the majority of its value in just a month as a result of the ongoing tariff disputes initiated by the US President. TRUMP reached ...

Trucks, SUV/Jeeps, light vehicles/minibuses and cars will now pay ₦6,400, ₦4,000, ₦3,200, and ₦2,000, respectively, to ply the 227.2km Abuja-Keffi-Akwanga-Makurdi highway reconstructed by the Federal Government under the Highway Development and Management Initiative (HDMI) road project scheme. The development followed ...

…As Rate Hits 34.8% The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 percent in December, up from 33.6 ...

Four African countries, namely, Nigeria, Ghana, Côte d’Ivoire, and Senegal have recently secured landmark investments totaling about $25billion aimed at boosting industrial capabilities in these benefiting nations. To this end, Ghana has signed a $12 billion deal with the TCP-UIC ...

Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by  2050. He restated Nigeria’s readiness to spearhead the ...