Category: Economy

CBN slashes import duty exchange rate to N1,472/$

The Central Bank of Nigeria has revised the exchange rate utilized by the Nigeria Customs...

CBN halts cash payment for travel allowance fees

The Central Bank of Nigeria has announced that Personal and Basic Travel Allowances would only...

Naira crashes further against dollar, sells N1,582/$1

The intra-day high for the Nigerian naira against the US dollar peaked at N1,582 on...

Ghana president sacks Finance Minister amid economic crisis

Ghana’s President Nana Akufo-Addo has reshuffled his cabinet, relieving Finance Minister Ken Ofori-Atta of his...

Nigerian retailers, wholesalers may not escape poverty – World Bank economists

World Bank economists, Jonathan Lain, Senior Economist, and Utz Pape, Lead Economist for Poverty and...

Nigeria’s foreign reserves to drop 2024 – IMF

The International Monetary Fund has predicted that Nigeria’s foreign reserve is expected to decrease significantly,...

Naira strengthens at official window, weakens on black market

The naira appreciated in the official window on Monday following a statement by the governor of...

CBN bans banks, fintechs from operating foreign exchange services

Central Bank of Nigeria has prohibited Banks and financial technology firms from operating foreign money...

BUA Foods sale hits N728 bn

Fortified Sugar generated the most income for BUA Foods among its several business sectors in...

BOI, IFC partner to fund industrial sector

BOI, IFC partner to fund industrial sector A stakeholder conference will be held by the Bank of...

EU invests €3bn, generates 160,000 jobs in Nigeria yearly – Ambassador

The European Union Council is reaffirming its commitment to a strong collaboration with the Nigerian...

Gombe to launch N30bn green bond

Gombe State intends to sell N30 billion in green bonds to fund various infrastructural projects,...