FMDQ Exchange, on Monday, reported the official exchange rate between the Naira and the dollar closed…
Category: Business/Economy
JP Morgan predicts Nigeria’s inflation rate to hit 28% by end of 2023
*Naira to depreciate despite CBN’s interventions JPMorgan Chase & Co has projected that the Nigerian inflation…
Nigerians in pain, speed up palliative policies, Labour urges FG
Organised Labour, on the platform of National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Products…
FG threatens to ground airlines without ‘adequate’ insurance cover
The Federal government has warned airlines to take proper insurance cover or risk strict sanctions. The…
Dollar rate falls in official channel, drops N44 in black market
The United States Dollar (USD) traded at N739.52/$1 at the close of official trading on Friday,…
Female engineers seek Tinubu’s nod to fix Nigeria’s moribund refineries
The Association of Professional Women Engineers of Nigeria (APWEN), on Saturday, appealed to President Bola Tinubu…
COVID-19: Nigeria extends $3.4bn IMF loan repayment deadline to 2027
The International Monetary Fund (IMF) has agreed to extend Nigeria’s deadline for repaying a $3.4 billion…
Subsidy removal: NLC mocks FG’s N5bn to states, says it won’t translate to N1,500 per person
President of the Nigeria Labour Congress (NLC), Joe Ajaero, has declared that the N5 billion approved…
Two years after ban, CBN mulls sale of dollars to BDCs under fresh guidelines
The Central Bank of Nigeria (CBN) has announced additional guidelines for Bureau De Change (BDC) operators in a…
NDIC to probe directors of 183 failed banks
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed plans to probe the directors of 179 Microfinance…