Economy

NewsBand brings to you the current official dollar to naira exchange rates in Nigeria.The Nigerian Naira on Tuesday traded against the United States dollar at the parallel market for N1,295/$1.The naira, it was gathered, closed at…

The National Bureau of Statistics, NBS, says Nigeria’s headline inflation rate increased to 28.92 per cent in December 2023.The NBS disclosed this in its Consumer Price Index, CPI, and Inflation Report for December, which was released…

The Nigerian Exchange Ltd. closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others.Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at…

Alhaji Aliko Dangote has reclaimed his top position as the richest man in Africa, according to Forbes Real-Time Billionaires.On Thursday last week, South African business mogul Johann Ruper dethroned Nigerian Mr Dangote to emerge as…

Following the removal of restrictions on banks operating accounts for virtual assets such as cryptocurrencies, the Central Bank of Nigeria has instructed financial institutions in the country not to allow holders of crypto bank accounts to…

The National Bureau of Statistics, NBS, says prices of beef, rice, beans, onion, tomato, and other food items increased in November.Average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November…

The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks.CBN in a statement signed by its acting Director of Corporate Communications, Hakama Sidi-Ali gave the…

The Central Bank of Nigeria (CBN) has formally lifted the restriction on banks from facilitating crypto transactions.This was revealed in a circular sent to banks and other financial institutions on Friday.According to the apex…

In line with its commitment to provide lifestyle banking solutions and memorable experiences for its customers, leading financial institution, Fidelity Bank Plc, recently hosted customers to two fun-filled days in commemoration of the…

Nigeria’s headline inflation rate increased to 28.2 per cent in November, showing a 0.87 per cent points increase over the 27.33 per cent recorded in October, the National Bureau of Statistics (NBS) said.Its Consumer Price Index (CPI)…