The Central Bank of Nigeria (CBN) is currently proposing to replace Bureau De Change (BDC) operators with Travelex, a global foreign exchange dealer. According to the...
Nigerian authorities said today the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue. US crude...
DIFFICULTY to accessing foreign exchange to bring in Completely Knocked Down (CKD) parts have started crippling tricycle and motorcycle assembling plants in the country with spillover...
At least six people were killed after armed men carried out a series of apparently coordinated gun and bomb attacks in the heart of the Indonesian...
The President, Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource. Dangote...
The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday that Nigeria was under severe economic stress. Lagarde, who was on a four-day...
Foreign Reserves Drop by $288m in 11 Days The nation’s foreign reserves fell by $288m in eleven days. Latest data obtained from the Central Bank of Nigeria...
Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the...
Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the...
Crude oil dropped below $30 a barrel in New York for the first time in 12 years on concern that China’s market rout will affect demand...
