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Pound sterling sinks on reports that Prime Minister Theresa May will delay a Brexit deal vote on the eve of what was forecast to be a “huge” defeat
The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.
The Central Bank of Nigeria on Thursday said it plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.
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 Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
The Central Bank of Nigeria said that the active participation of FMDQ OTC Securities Exchange in Naira-settled over-the-counter foreign exchange futures helped in stemming naira devaluation.
Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of a 2014-style crash.
The Central Bank of Nigeria CBN on Tuesday released a total of $210m to Authorized dealers in the wholesale segment of the inter-bank foreign exchange market to meet the requests of their customers.
Segun Awolowo, the Executive Secretary, Nigerian Export Promotion Council (NEPC), says the Federal Government was committed to increasing the total value and volume of non-oil exports.
The Organized Private Sector under the auspices of Lagos Chamber of Commerce and Industry has described the coming of Dangote Oil Refining and Petrochemicals as a looming economic transformation of the downstream sector of the petroleum industry the reform.
The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.
The International Monetary Fund (IMF) Thursday, listed Nigeria among eight African countries on its debt distressed category following the failure of their fiscal consolidation to positively impact the citizens.
Nigerians who sell new naira notes or spray cash at parties will now be tried at mobile courts and sent to six months jail as the Central Bank of Nigeria (CBN) mulls increasing the number of items on the not eligible for foreign exchange.
The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.
The apex bank, in a communiqué after the monetary policy committee meeting for September, said the essence of the precautionary mechanism is to relieve the supply side growth constraints, as well as address the flooding problem which has become perennial, on a permanent basis.
Sri Lanka announced a raft of restrictions Saturday in a bid to slow down imports of cars and luxury goods as the country faces a foreign exchange shortage.
Barely three days after Niger state governor Alhaji Abubakar Sani Bello officially flagged off his re-election campaign, no fewer than 2,000 members from the ruling All Progressive Congress (APC) and the Advanced Democratic Party (ADP) in Niger South senatorial district have joined the Peoples Democratic Party (PDP).
Deputy governor of Ekiti State, Otunba Bisi Egbeyemi, has warned officers in charge of land allocation in the Ministry of Land, Housing and Urban Development, against illegal land deal that could cause chaos among the people.
Former Nigeria U17 invitee Ovie Ejaria may have been singing Hosanna in the highest following cut short loan deal and return to parent club Liverpool, but Rangers manager and Liverpool great Steven Gerrard believes the decision is not the best for the 21 year old.
President Muhammadu Buhari on Wednesday unveiled a federal budget of N8.83 trillion for the 2019 fiscal year.
President Muhammadu Buhari has described the killing of former Chief of Defence Staff, Air Chief Marshal Alex Badeh (rtd) as “very sad and unfortunate.”
The Presidency and federal lawmakers have insisted that the presentation of the 2019 budget presentation by President Muhammadu Buhari as scheduled will still hold on Wednesday despite the ongoing strike of the Parliamentary Staff Association of Nigeria.
Nigeria’s ruling party, APC, has blamed Senate President Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara, for the protest by workers of the National Assembly.
Nearly 80% of the materials for staging the December 23 election in DR Congo's capital, Kinshasa, were destroyed when an election warehouse was torched overnight, officials said Thursday.
Atiku Abubakar, Peoples Democratic Party (PDP) presidential candidate and former vice president of Nigeria, has said that he has so much interest in elevating the deplorable condition of youth in Nigeria, noting that his Minister of Youth would not be more than 30 years.
A Kogi State High Court sitting in Lokoja, on Wednesday, granted an Order of Interim Injunction restraining the State Government from terminating the appointment of Chief James Akor as Aidokanya of Odari in Olamaboro Local Government.