Desirous of stimulating economic activities in the country, the Central Bank of Nigeria (CBN) monday directed commercial banks and other authorised dealers in the foreign exchange...
The euro-area economy maintained its momentum in August, with growth showing little sign of being curtailed by fallout from the U.K.’s Brexit vote. A composite Purchasing...
Global investors are encouraged to buy naira assets barely two months after the Central Bank of Nigeria introduced forex flexibility policy. Most of the investors that...
Oil extended its retreat from a seven-week high and Asian energy shares declined, while the dollar weakened versus major peers as traders weighed prospects for a...
The naira closed firmer on the interbank market on Monday after the Central Bank of Nigeria sold dollars to some commercial banks towards the end of...
Sun International Limited is planning to exit the Nigerian market after the South African casino and hotel operator’s earnings in the country plunged amid a weakening...
Deposit Money Banks have yet to comply with the Central Bank of Nigeria’s directive asking them to sell $50,000 from Diaspora remittances to Bureau De Change...
Midcom Group has announced a $50million retail expansion, growing its Mstore brand from 300 outlets, to 1,300 in 2018 and over 2,000 outlets by 2020, which...
The Minister of Power, Works and Housing, Mr. Babatunde Fashola has stated that the country is losing about 2,000 megawatts of electricity to the attack on...
The proposed communication tax is one tax too many, and may trigger widespread reactions if the bill is eventually passed into law. Although the ‘controversial’ Communication...
