ECONOMY

ABCON: How Black Market Operators Threaten FX Stability - The Association of Bureaux De Change Operators in Nigeria (ABCON) has declared operators of foreign exchange (forex) at the black market as...

Naira weakens to N484/$1 despite new dollar policy - The naira yesterday exchanged at N484/$1 at the parallel market. The rate is N4 weaker than N480/$1 it exchanged before the Central Bank of...

Petrol price increases to N212.61 per litre – PPPRA: Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to N212.6 per litre, Petroleum Products Pricing Regulatory Agency (PPPRA) said...

Naira Appreciates at I&E as FX Demand Eases by 66.4% - The Naira got a breather on Wednesday after consecutive days of losses against the US Dollar at the Investors and...

Equities Gain N128bn on NSE Conversion to Plc, Bargain Hunting - The Nigerian Stock Exchange (NSE) rebounded on Wednesday with a 0.63 per cent gain on the back of renewed bargain...

Naira Hits N484/$1 at Parallel Market on Rising FX Demand - The monetary authorities in Nigeria will likely be scratching their heads at the moment as the newly introduced foreign exchange...

UPDC Declares Loss in 2020 as Revenue Declines 23% - All seems not to be well with UAC Nigeria Property Development Company (UPDC) Plc, going by its financial statements for the...

Half-year report shows CBN defended naira with $10.3b - The Central Bank of Nigeria (CBN) defended the naira in six months with $10.3 billion intervention in the inter-bank foreign exchange market,...

Why IMF backs CBN on cryptocurrency ban - The International Monetary Fund (IMF) has confirmed that some crypto currencies were being used for money laundering and drug trafficking. This confirmation from...

Niger Delta Farmers to get single digit CBN loan - The Central Bank of Nigeria (CBN) has introduced a single-digit interest rate on loans to rice farmers in Niger Delta. This...