The Naira, on Monday, exchanged with the Dollar at N795, which was lower by N1/$1 than…
Category: Business/Economy
Ecobank protests Otudeko’s return to First Bank over N13.5bn debt
Ecobank Nigeria Limited has demanded the rejection of the recent acquisition of FBN Holdings shares by…
FG threatens to shut online banks harassing their debtors
The Federal Competition and Consumer Protection Commission (FCCPC) has threatened to delist any loan application harassing…
Naira-to-Pound rate exceeds N1000, as dollar rate converges at official, black markets
The average Naira to Pound rate in the black market crossed N1000 on Friday, as the…
Abia SME operators seek Otti’s bailout as fire razes industrial cluster in Aba
* Destroys N3bn leather products, machines A late Saturday night fire reportedly gutted leather products, raw…
Court orders Obasanjo, Yar’Adua, Jonathan, Buhari govts to account for $5bn Abacha loot
The Federal High Court sitting in Abuja, in a landmark judgment, has ordered the disclosure of…
Prices of beef, rice, yam soar on crippling inflation
Prices of beef, rice, yam and tomatoes surged the most in May on accelerating inflation, data…
FIRS, market association partner to collect VAT from 40m traders
The Federal Inland Revenue Service (FIRS) and the Market Traders Association of Nigeria (MATAN) have teamed…
Authorised dealers slash dollar rate by N27, as forex bucket suffers $174m shrink
Authorised dealers sold the United States Dollar (USD) at a reduced rate of N741.50/$1 in the…
World Bank predicts Nigeria’s inflation rate to hit 25% this year
The World Bank has predicted that inflation in Nigeria will reach 25% in 2023, up from…