Business News

The Central Bank Of Nigeria, CBN, on Wednesday, remained optimism that the naira will further appreciate months to come and boost dollar supply by selling 5 million into various segment of the interbank foreign exchange market. A breakdown of the...

Nigeria has been rated poor among Africa's most attractive investment destination, a new research released by Quantum Global Research Lab has shown. The research, which measured the Africa Investment Index (AII), to guide investors on the countries ...

Federal government is set to export 72 metric tonnes of yam to Europe and the United States today as part of efforts to diversify the economy. In a major diversification breakthrough, the minister Of Agriculture, Audu Ogbeh, announced yesterday that...

Today's exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...

Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Wednesday said that Nigeria's oil reserves will will dry up in 30years. Kachikwu made the remark while representing President Muihammadu Buhari at the 5th triennial delegates conferen...

Nigerian naira on Wednesday depreciated by 0.54 percent to 370 against the United States dollar at the parallel market. The currency gained N2 to close at 465 against the pound sterling and maintained rate at 410 to the Euro at the parallel market. ...

The Nigerian Custom Service (NCS) has generated N239.4 billion in the first quarter of 2017, exceeding its target of the period with N46bn. Figures obtained from the Federal Ministry of Finance by the News Agency of Nigeria (NAN) showed the activiti...

Today's exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...

The French Government on Tuesday announced that it has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry. The France Ambassador to Nigeria, His Excellency, Denys Gauer, made this known when the Gr...

The European Commission fined Google Inc. a record .7 billion on Tuesday for breaching antitrust rules in favoring its own search services over its competitors. Google has 90 days to end the conduct or face penalties of up to 5 percent of the aver...

Today's exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...

Elites from Egbema and Gbaramatu Kingdoms, the hometown of ex-militant leader, Chief Government Ekpemupolo alias Tompolo, in Delta State, have threatened to shut down the operations of Chevron Nigeria Limited in the area if it fails to convert its gr...

Today's exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...

The Central Bank of Nigeria (CBN) had last Friday, allocated the total sum of 0 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals for the Eid Fitr holidays. The Bank, also confirmed the sale of forex to ...

The consortium of 13 Nigerian banks involved in Etisalat Nigeria's loan crisis have denied media reports that they have taken over the operations of the company. According to a management source close to the banks, the banks major interest is repaym...

Nigerian naira on Friday sustained trading at the parallel and black market segments. Table below shows today's naira rate against dollar, pound and euro at the parallel and official market segments: ... ...

A total of N462.359 billion has been distributed as Federal Allocation for the month of May 2017 to the Federal Government, State Governments and Local Government Councils. This is contained in a communiqué issued by the Technical sub-Committee of...

An Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest to build a refinery in Nigeria. This is part of the efforts of President Muhammadu Buhari-led federal government to boost local ref...

The Oyo/Osun Area Command of the Nigeria Customs Service on Wednesday said there has been an influx of deadly expired rice smuggled into the country via land borders. The Area Controller of the command, Emmanuel Udo-Aka, who made the assertion at a ...

Nigerian naira on Wednesday opened on the bullish side against the Euro and Pound at the parallel market. Table below shows today's naira rate against dollar, pound and euro at the parallel and official market segments: ...