Naira weakened against the U.S. dollar at the official market on Friday, after the currency appreciated in the last two consecutive business days at the spot market. The local unit which opened trading at N427.00 closed at N430.00 to...
Following gas cuts by Russia, the European Union is looking to Nigeria as an alternative to augment its gas needs.
The Deputy Director-General of the European Commission’s Department of Energy, Matthew Baldwin, said Friday “Europe is in a tight spot...
Nigeria’s Minister of State for Health, Olorunnimbe Mamora, has said the government increased tax on cigarettes from 20 to 30 per cent in June to dissuade Nigerians from tobacco consumption. The minister disclosed this in Abuja on Tuesday while...
He comes across, unassuming, gentle, soft spoken, but you will be mistaken if you think that is all there is to the man. Beneath that gentle look, lies a burning desire to dominate his operating space. A thinker, an...
Nigerian stocks climbed for the third consecutive day on Friday 27/05/2022, as the main equity index grown by 1.8 per cent, pushing the combined valuation of all the stocks listed on the exchange beyond N29 trillion.
Rather than decreasing on...
Nigerian stocks decreased by as much as 1.8 per cent, its sharpest fall since the beginning of 2022, after the central bank’s monetary policy team took a warlike stance, upping the benchmark interest rate to 13%. The move could...
Nigeria’s indigenous car manufacturer, Innoson Vehicles Manufacturing has rolled out tricycles popularly called Keke NAPEP in the Nigerian market.
It is believed that the price of Keke which is around N750,000 to N900,000 will crash as the company may sell...
The payments unit of MTN Nigeria Communications Plc – MoMo Payment Service Bank (Momo PSB) kicked off commercial activities on Thursday, the telecom said in a statement, the same day rival Airtel Africa announced similar move by its fintech...
The Central Bank of Nigeria, CBN has wheedled traders to nuzzle the eNaira as a course of treaty guaranteeing safety and efficience. The apex bank, which said this yesterday amidst an exposure program at Kairo market, a famous textile...
Importers and exporters have recorded a cumulative loss of not less than N4.3 trillion as touching land border closure since past three years. This unveiled as Nigerians accused security agents of turning the reopening of the borders to extortion...