ECONOMY

Naira gains 9.7% at black market, now 440/1$ - THE naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar. Forex traders attributed the appreciation...

CBN sets capital rules for mobile money licences - THE Central Bank of Nigeria (CBN)  said it will grant more licences for payment service banks (PSBs) but set a minimum capital...

Nigeria Stock market gains N9bn - Investment in the nation’s equity market yesterday opened week in positive note, increasing by N9 billion. Specifically, Market capitalisation of listed equities increased by  0.07...

CBN grants 9Mobile first payment service bank licence - The Central Bank of Nigeria (CBN) has granted final approval to Nigeria’s lifestyle and first payment service bank, 9PSB (Payment Service Bank)...

Lagos makes N432.6 billion in six months despite COVID-19: Lagos State recorded 81percent of expected revenue during the first half of this year, which is N432.6billion, despite the scourge of the...

Naira to Trade at 386/$ As CBN Resumes Forex Sale to BDCs - The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators...

Nigeria’s Q2 GDP outlook better than projected - FG: The Presidency has said the figures of the Nigerian Gross Domestic Product (GDP), recently released by the National Bureau of Statistics (NBS),...

Nestlé S. A. acquires more stake in Nigeria’s subsidiary - Nestlé S.A., world’s largest food company, has acquired more equity stake valued at about N747.54 million in Nestle Nigeria as multinationals...

CBN, banks to save jobs in aviation, media sectors - The Central Bank of Nigeria (CBN) and the Bankers’ Committee would extend special stimulus package to Nigerian-registered airlines and the media...

BUA seals agreement with Turkish firm to build 2400TPD flour mills - One of Nigeria’s foods and manufacturing conglomerate, BUA has sealed an agreement with Milleral of Turkey to build its...