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Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.
The billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa’s financial system, its central bank said on Wednesday.
United States Consul-General in Nigeria, F. John Bray, has said that $1.3 billion American businesses in Nigeria are under threat as result of instability in the exchange rate, policy inconsistency, poor electricity, dearth of infrastructure, regulatory and security issues.
Some lawmakers in the Lagos State House of Assembly have expressed divergent opinions over President Muhammadu Buhari’s achievements in his 2018 Democracy Day broadcast.
As the Central Bank of Nigeria (CBN) at the weekendordered all Deposit Money Banks (DMBs) to sell forex to travellers over the counter, the Association of Bureaux De Change Operators of Nigeria (ABCON) has kicked against the order calling on the regulator to review BDC’s dollar purchase rate to align with rate commercial banks’ buying rate.
Deputy Governor, Central Bank of Nigeria (CBN), Mr. Bayo Adelabu, has given some insight on how the apex bank rescued Nigeria’s economy from sinking exchange rate, inflation and recession through the Economic Recovery and Growth Plan of President Muhammadu Buhari.
Plummeting stock market indicators, sustained net capital outflows and poor doing business indicators all characterized our economy when I gave my speech last year.
International airfares from Nigeria to all global destinations have gone up by another 10 per cent, after an initial increase of eight per cent about three weeks ago.
US President Donald Trump said Sunday that he will review the case of a soldier charged with premeditated murder for killing an alleged bomb-maker in Afghanistan.
One soldier has been killed as the Nigerian Army has repelled attack by Boko Haram insurgents who disguised as humanitarian workers at Gudunbali community in Borno.
Anthony Joshua has explained why he and Deontay Wilder did not fight this summer at Wembley Stadium.
Liverpool powered back to the top of the Premier League as Xherdan Shaqiri inspired a 3-1 win over bitter rivals Manchester United, while Arsenal’s 22-match unbeaten run was shattered by a shock defeat at Southampton on Sunday.
Kano Pillars today retained the Ahlan Pre-Season Tournament after they beat Wikki Tourists 2-1 in the Final at the Sani Abacha Stadium in Kano.
Forward Chinedu Udechukwu has spoken on his decision to join Enyimba Football Club of Aba from Katsina United.
Masked for centuries by the soot of candles and lately by scaffolding, the mosaics of Bethlehem Church of the Nativity have been restored to their Crusader-era splendour in time for Christmas.
As Christmas celebration draws nearer, prices of some food items have crashed while others were stable in the last one month in Kaduna metropolis.
Pope Francis has removed two prominent cardinals from his inner circle months after they were tainted by paedophile scandals.
The Senate Committee on Gas Resources and the Nigeria National Petroleum Corporation on Thursday says $1.05bn is not missing from the Nigerian Liquefied Natural Gas dividend account.