Economy

The Naira exchange rate in the parallel market for Saturday, January 28, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 28/01/2023 US…

The Naira exchange rate in the parallel market for Friday morning, January 27, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 27/01/2023…

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has raised concerns and worries over the pain Nigerians are going through to get Petroleum Motor Spirit (PMS) for their daily businesses, movements, and wellbeing, describing…

Some Point of Sale, PoS, operators in satellite towns of the Federal Capital Territory, FCT, are making brisk business with the new naira notes. The Central Bank of Nigeria, CBN, has fixed January 31 as the deadline for the use of the…

The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country. Launching the card virtually,…

The Naira exchange rate in the parallel market for Thursday morning, January 26, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 26/01/2023…

The Naira exchange rate in the parallel market for Wednesday morning, January 25, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN)…

Monetary Policy Committee of the Central Bank of Nigeria, CBN, on Tuesday unanimously agreed to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while…

President Muhammadu Buhari on Monday officially inaugurated the Lekki Deep Sea Port located in Itoke village, Ibeju-Lekki, Lagos, observing the offloading from CMA CGM Mozart at the Quay. This project with an investment in excess of $1.5…

Again, Senate on Tuesday asked the Central Bank of Nigeria (CBN) to immediately extend the deadline for the withdrawal of old naira notes from circulation to July 31, 2023. The apex bank had, on December 15, commenced circulating newly…