BUSINESS
Video Of Buhari Complaining When Naira Was N200 To Dollar Emerges | WATCH
Video has surfaced where President Muhammadu Buhari was complaining about ineffectiveness of the then PDP government to manage the economy. He was raising concern about the value of Naira which was then at about N200 to a dollar. https://twitter.com/...
Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...
We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...
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 Government To Partner Aba Chamber Of Commerce On International Trade Fair
Abia state Governor, Okezie Ikpeazu has assured that his administration will partner the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) to ensure that the planned Aba International Trade Fair before the end of the year records over...
The World’s Largest Food Company Nestlé Raised Its Product Prices The Most This Year
Nestlé hiked its prices by 6.5% in the first half of 2022 as it grapples with an "unprecedented" rise in costs. The world's largest food company raised its prices the most in North America — a 9.8% increase — followed by Latin America at 9.4%...
Senate Summons Emefiele To Explain Uncontrolled Fall In Naira Value
The Senate has resolved to summon the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, to explain the reasons for the rapid depreciation of the value of the naira. It has also mandated its Committee on Banking, Insurance and Other Financi...
Naira Crashes To N710 Per Dollar
The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Peoples Gazette (not ABN TV) on Wednesday showed the current parallel market rate pegged at N710 to a dolla...
We Don’t Have Immediate Solution To Aviation Crisis — Sirika
The Minister of Aviation, Sen. Hadi Sirika, has said there are no immediate solutions to the multipronged crises rocking Nigeria’s aviation sector. The minister, who held an emergency meeting with the Airline Operators Association of Nigeria (AON) ...
Buhari Should Account For $1bn Security Fund Jointly Contributed By States – Gov. Ortom
Governor Samuel Ortom of Benue State yesterday asked the Federal Government to account for the $1 billion security funds jointly contributed by the 36 states of the federation to fight insurgency giving the worsening insecurity in the country. Speaki...
