The Naira on Thursday remained indifferent to the sale of over 250 million dollars to licensed Bureau De Change (BDC) operators nationwide as it suffered another loss against the dollar.
The News Agency of Nigeria (NAN) reports that the Naira inched against the dollar at the early hours of Thursday...
Some telephone subscribers in the Federal Capital Territory (FCT) on Wednesday, expressed displeasure over the inability of the Nigerian Communications Commission (NCC) to stop unsolicited calls and messages from service providers.
The Nigerian Naira on Tuesday crashed against pounds and euro but stayed firm at N497/$1 in black market.
The Naira now exchanges N521 per euro from N515 and N597 per pound from N595.
The president, Association of Bureau De Change Operators of Nigeria, ABCON, Alhaji Aminu Gwadabe, expressed hope that the...
The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the News Agency of Nigeria (NAN), reports.
The Nigerian currency, however, strengthened against the Pounds...
The Nigerian currency has continued to deplete in exchange for the U.S dollar at the black market as the new year advances.
These are the currency exchange rates for today, January 9 2017, powered by Zenith Bank Plc. The fate of the naira has continued to create biting inflation...
The Nigerian National Petroleum Corporation, NNPC, yesterday, blamed oil marketers in the country for the excruciating scarcity of kerosene and Liquefied Petroleum Gas, LPG, also known as cooking gas and the high price of the commodities across the country.
Scores of vehicles were yesterday trapped at land borders as the Nigeria Customs Service (NCS) began the full restriction of vehicle importation through those areas.Some stakeholders especially
The importation of Premium Motor Spirit (PMS) into Nigeria is to gulp extra cost of over N2.369 billion per day from Federal Government and marketers as the landing cost for fuel has soared to N212.7 per litre.
Oil prices hit 18-month high on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut.
MMM, the Ponzi scheme also known as Mavrodi Mondial Moneybox, sent its participants into panic last month when it announced that all accounts used by Nigerians had been frozen.
Precisely on Tuesday December 13 2016, one day after the Eid-el-Maulud holiday, Nigerians woke up to the news which many MMM...
The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations.
A new report on Thursday said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds billions in oil revenues from the government account.
The report by the Natural Resource Governance Institute, titled “NNPC still holds blank check” said that...
The Nigerian naira is expected to hit a landmark 500 units per dollar at the parallel market next week as dollar scarcity continues.
“There is an acute shortage of dollars in the market because of supply being slashed by half to Bureau de Change operators from international money...
The naira is seen depreciating further and may hit the 500 mark to the United States dollar at the parallel market next week as the greenback scarcity persists and the Central Bank of Nigeria cuts supply to foreign exchange operators.
MTN Nigeria has denied reports that it sacked Amina Oyagbola, the human resources and corporate service executive, for her role in the alleged bribing of Nigerian authorities to reduce its fine.
In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel.
Ahead of this year's Christmas celebration, prices of tomatoes and pepper have reduced by 55 per cent in most Lagos markets, a survey has showed.
At Mile 12 and Iddo markets, a basket of tomatoes which previously cost N9,000 now sells for N5,000, while tatashe and chilli pepper cost N4,...
Nigeria's President Muhammadu Buhari proposed Wednesday a multi-billion dollar jump in spending designed to lift the nation out of the "most challenging economic situation" in its history.
He pitched his NGN 7.3 trillion budget ($23 billion) proposal for 2017 -- a 20 percent boost over this year's spending -- as...
The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar.
The Pound Sterling and the Euro closed at N602 and N515, respectively.
At the interbank market, the Naira also remained stable at N305.50 to a dollar.
Trading at the Bureau De Change (BDC) window saw the...
The Naira appears helpless in the face of efforts by the CBN and other authorities in the forex market in fast-tracking its recovery, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N485 to a dollar at the parallel market on Wednesday in Lagos, while the Pound...
The Commission held a Media Briefing on the Data Price Floor as a Regulatory Tool of the Commission on wednesday, December 07, 2016 at the Commission’s Headquarters, Abuja. This is to sensitize the ICT Correspondents on the Policy.
A lot has happened in 2016 - smart entrepreneurs have made money, outstanding entrepreneurs picked up awards and grants, Tech entrepreneurs raised so much in investment funding, 2016 has been good and bad for businesses for different reasons. Now we look at 2017.
The good thing about 2017 is a...
As a result of a crackdown in the parallel market, currency traders and the persistent scarcity of the greenback, naira is further weakening against the United States dollar, Reuters has reported.
The local currency fell 2.08 per cent week-on-week on Thursday to 480 to the dollar on the...
The average price of Household Kerosene (HHK), often shortened as kerosene, was highest in Sokoto, Taraba and Yobe, where the price in most other states was N293 per litre.
Average kerosene price, according to the National Bureau of Statistics rose to N293 in October across most states in Nigeria, above...