Naira Rises To N1,385/$ In Parallel Market
The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,395 per dollar on Monday. But the local currency depreciated to N1,373.65...
CBN Auctions $876m To 26 Banks, Disqualifies Six
The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held...
Naira Appreciates To N1,359/$ In Official Market
The naira yesterday depreciated to N1,359 per dollar in the Nigerian Foreign Exchange Market, NFEM. However the Naira remained stable at N1,360 per dollar in...
Power Supply In Ekiti Worsening, Gov. Fayemi Decries
Ekiti State Governor, Kayode Fayemi, has decried worsening electricity supply in the state, calling for urgent action. Speaking during a groundbreaking programme of transmission infrastructure...
Israeli Ambassador Hails Quality Leadership In Abia Under Otti
The Abia State Government has expressed a strong desire to partner with the nation of Israel in developing its economic and technological potential, with...
“Ghana Scraps Covid Levy, Cuts VAT to Boost Economic Growth”
Ghana has abolished its Covid-19 Health Recovery Levy and reduced value-added tax as part of broader efforts to stimulate economic growth, the government announced...
Emefiele risks jail term over $53m garnishee order
The Governor of Central Bank of Nigeria, Mr Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute...
Banks borrow N19.6tn from CBN amid rising liquidity problems
Commercial banks borrowed a total of N19.64tn from the Central Bank of Nigeria in 2019, an increase of 73 per cent from the N11.36tn...
Africa Must Cut Reliance On Food Imports, Says Nigerian Billionaire Abdul Samad Rabiu
Food prices have been rising around the world, driven first by the Covid pandemic and poor harvests, and made worse by the conflict in Ukraine, which has hit exports of both wheat and fertilizer. Even with a new deal that would allow grain expor...
Abia Gets $115m AfDB Loan For Infrastructure, Erosion Control
The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in...
