CBN spends N800bn on currency production, destruction
The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has said the amount spent on maintaining the naira has increased by...
Again, naira crosses N700/$ mark at parallel market
The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday.
The figure represents N10 or 1.4 percent...
Recapitalisation: Banks narrow options to gain speed
Banks are narrowing down their options to private equity and business restructuring as the final phase of the banking recapitalisation gathers momentum.
Regulatory sources yesterday...
Tantita Condemns Navy’s Oil Theft Claim As ‘Smear Campaign, Possibly A Cover-Up’
Tantita Security Services Nigeria Limited has refuted a statement by the Nigerian Navy claiming four of the security firm’s personnel were involved in crude oil theft,...
Tinubu’s Govt Repays $500m Eurobond Borrowed By Jonathan
Nigeria has redeemed a $500 million Eurobond taken by the administration of ex-President Goodluck Jonathan in 2013. The Debt Management Office (DMO), which disclosed...
BREAKING: Air Passengers Stranded As Nigerian Aviation Workers Protest At Lagos Airport
Nigerian aviation workers on Monday protested over the poor condition of service and the failure of the management of the Nigerian Aviation Handling Company...
Heineken halts production in Mexico as nation shuts down over coronavirus
Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government’s...
Governors, JTB Target 200% Aggregate Tax Revenue
aggregate tax revenue, We’re not scared of direct primaries , 2021 performance on critical sectors, 2022 population census, Buhari's executive order 10 , Governors...
Dollar May Exchange For N4000 At Year End -Ozekhome
Lawyer and human rights activist, Mike Ozekhome has indicated that should the Naira keep on falling against the Dollar at its current rate, it...
Poor electricity costs Nigeria N10tn yearly, says World Bank
The unreliable power supply in Nigeria is causing huge economic losses, estimated at N10.1tn, yearly, the World Bank has said.
The World Bank, in a...