Banks have recorded another round of extra-ordinary profits against the backdrop of foreign exchange revaluation gains arising…
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CBN Begins Clearance Of $10bn Forex Backlogs Of Foreign Airlines, Others
The Central Bank of Nigeria (CBN), has started clearing over $10 billion foreign exchange backlogs of commercial banks…
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Cadbury Nigeria records N4.3 billion pre-tax profit in Q3, 2023
FMCG company, Cadbury Nigeria Plc recorded a pre-tax profit of N4.30 billion in Q3 2023, a…
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Obasanjo urges FG to ban Chinese Adire, train local producers
Former President Olusegun Obasanjo has urged the Federal Government to ban importation of Chinese adire into…
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Reps Summon CBN Governor Cardoso Over Lifting Forex Ban On 43 Items
The House of Representatives has summoned Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, to explain…
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Naira slumps further to 1190 per dollar as Nigerians groan over rising cost of food, cooking gas and others
The naira has maintained its downward trend after commencing trading at 1,175/$ and closed at 1,190/$…
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Nigeria, EU sign over €900m agreements for developmental projects
Nigeria and the European Union, on Thursday, signed finance agreements worth over €900m for development projects.…
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Naira hits N1,100 to dollar
The naira sustained its downward trend against the United States dollar on Monday as it weakened…
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South Africa to surpass Nigeria as Africa’s biggest economy
South Africa will briefly surpass Nigeria as Africa’s largest economy in 2024, according to reports from…
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FG commits to prioritize production of locally manufactured goods for exports
The Federal Government has pledged renewed determination to the production of locally manufactured goods in a…
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