ECONOMY

CBN Devalues Naira, Adopts I&E as Official Exchange Rate - The Central Bank of Nigeria (CBN) has again devalued the Naira as the country moves towards the long-awaited single exchange rate...

Nigeria’s Food delivery business to hit $10bn by 2025 - The nation’s food-delivery industry is projected to grow to a $10 billion market by 2025, according to Statistica. Riding on the...

Targets 40% reduction in textile smuggling, dumping 620,000 jobs created as CBN releases N44b to CTG sector - years as a result of the Central Bank of Nigeria’s (CBN’s) intervention in...

How to apply for N50bn COVID-19 intervention fund for small business owners - The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention...

Simple steps to apply for N50 billion CBN Covid-19 fund - The novel coronavirus outbreak has a severe impact on the livelihood of households and business activities resulting to drop...

ABCON blames naira woes on Forex speculators - Speculators are responsible for the sale of dollars above the exchange rate approved by the Central Bank of Nigeria (CBN) and the rising...

SEC sets June 30 for crowdfunding platforms registration - The Securities and Exchange Commission (SEC) has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility...

Hike in terminal handling charges move businesses to neighbouring countries • Dealers lament rising cost, low patronage for used vehicles • This is a ploy to discourage vehicles importation, stakeholders...

World Bank approves $700m loan for Nigeria - The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme (SURWASH)....

CBN sustains weekly dollar sales to BDCs - The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of the foreign exchange market weekly to keep the...