FX
1 Jan
FMDQ Securities market has posted a total turnover of N27.9 trillion in its secondary market segment for November 2023.
29 Dec
The year 2023 began on a bumpy ride for the motoring sector even as the sector witnessed a challenging year. The year was characterised by challenges of inflation, naira devaluation, low purchasing power, customers’ priority among others.
13 Nov
The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance of backlog of foreign exchange forward.
9 Nov
Nigeria's alignment with the current economic reality, coupled with rising inflation, slow growth, floating of exchange rate and volatility in global oil prices, may have exposed the fragility of her economic model and affected its global trade standing.
1 Nov
With the Federal Ministry of Finance's disclosure of receiving $10 billion forex inflows any time from now targeted at cushioning the effect of market squeeze and stimulate growth in the economy, the Manufacturers Association of Nigeria...
26 Oct
The free fall of the Naira continued yesterday as it fell to N1, 290 to $1 in Abuja and other markets.
23 Oct
Steady free-fall of the naira value to dollar has registered new odd records in the air transport sector, with aviation fuel now almost N1000/litre and operators cum travel agencies in a pricing dilemma.
12 Oct 2023
The fast depletion of the indigenous telecommunications firms is unsettling Nigeria’s telecommunications market with fear that falling foreign capital inflow into the sector, high cost of energy and foreign exchange (FX) market crisis...
27 Sep 2023
Key performance indicators of the manufacturing sector suffered negative growth in the first half (H1) of the year, the Manufacturer’s Association of Nigeria (MAN) review of the economy has shown.
18 Sep 2023
Last week, the presidency announced that some Indian investors have made significant investment pledges during the just concluded Nigeria-India Presidential Roundtable and Conference held on the sidelines of the G-20 Summit that took place in New Delhi, India.
11 Sep 2023
Poor consumer spending, local consumption and weakening sales and low consumption are currently reducing the chances of survival and shrinking the profit margin of companies in the fast-moving consumer goods (FMCG) sector...
1 Sep 2023
Nigeria’s local capacity utilisation nosedived further by 5.6 per cent in the second quarter, showing the economy’s ability to create jobs is getting increasingly weaker.
Latest
52 mins ago
The Nigeria Customs Service (NCS) has warned the public not to fall for a video suggesting it is auctioning vehicles. NCS on Friday refuted the video with scandalous narration announcing a purported auction of vehicles. Customs issued a statement on Friday to alert the general public on the video while warning them not to fall…
2 hours ago
A man set himself on fire Friday outside the court where Donald Trump is standing trial in Manhattan, with officers rushing to extinguish the flames. Burning clothes were strewn in the park, which was locked down by authorities, while ambulances lined up nearby on standby, an AFP correspondent at the scene saw, describing a strong…
4 hours ago
Leul Gebreselassie, the second Ethiopian man to win the men's title at the Okpekpe international 10km road race, will be gunning for his first major marathon win on Sunday at the London Marathon. The London Marathon is one of the six major marathons in the world. The rest are Boston, Berlin, New York, Tokyo, and Chicago…
4 hours ago
Akwa Ibom State Government has indicated readiness to commence aggressive desilting of gutters and flood channels across the state.
4 hours ago
The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…
4 hours ago
Lagos State government on Friday said it has apprehended 10 fake enforcement officials around the Cele/Itire axis of the Apapa-Oshodi Expressway of the state. The apprehended persons; Ojo Oluwaseun, Rafiu Agbabiaka, Babatunde Ibrahim, Abiodun Olusegun, Daniel Olanrewaju, Aweda Kabiru, Olufowobi Michael, Olamilekan Olasupo, Bunmi James and Iyiola Shola(female) were caught carrying out unauthorised enforcement using…
5 hours ago
Mikel Arteta has urged Arsenal to prove they have the mental strength to bounce back from a painful spell that wrecked their Champions League challenge and dented their Premier League title bid.
5 hours ago
Pep Guardiola has revealed Erling Haaland could miss Manchester City's FA Cup semi-final against Chelsea at Wembley on Saturday.
5 hours ago
The WHO announced Friday it had approved a new, simpler version of an existing oral cholera vaccine, which should help increase the number of available doses as global cases surge.
5 hours ago
The Registrar, Joint Admission and Matriculation Board (JAMB), Prof. Is-haq Oloyede has monitored the ongoing Unified Tertiary Matriculation Examination (UTME) exercise in Abuja. Prof. Oloyede who monitored the exercise at the Kogo Computer Based Tests (CBT) Centre in Bwari Area Council of Abuja, expressed satisfaction with the process. He reiterated the examination body's earlier order…