By the recent directives from the Central Bank of Nigeria (CBN), the naira will now be the currency for international transfers facilitated by international money transfer operators (IMTOs). According to…
Nigeria consistently produced some of the wealthiest individuals in Africa, with Forbes recently ranking Aliko Dangote as the richest black man in 2024. Here are the top 10 wealthy Nigerians…
After three days of respite, the Naira depreciated on Tuesday against the US dollar at the foreign exchange market despite the Central Bank of Nigeria’s recent interventions. Data from FMDQ…
Figures obtained from the National Bureau of Statistics indicate an increase of N545bn or 19.5 per cent from the N2.79trn distributed to states and local government areas in the first…
I have watched very keenly the flurry of activities in Nigeria’s foreign exchange market in the past couple of days. The Central Bank of Nigeria under the leadership of Dr.…
The National Hajj Commission, NAHCON, has announced the final fare for this year, 2024. The Chairman of the Commission, Malam Jalal Arabi said that intending pilgrims from Nigeria’s Southern centre…
The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that…
The new circular would force banks to sell off excess dollar liquidity exceeding $5bn. The CBN, which disclosed in a new circular released on Wednesday, also warned lenders against hoarding…
“Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said. The latest development comes on…
.. Lauds President Tinubtinubu’stive approach to economic rejuvenation Minister of Marine and Blue Economy, Adegboyega Oyetola on Monday inaugurated Federal Government-funded and executed infrastructures in Osogbo, the Osun state capital.…
