Tuesday, 18th January 2022
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Breaking News:


7 Apr 2020
Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s financial instrument.
26 Nov 2019
Nigeria’s foreign exchange reserves fell below $40 billion for the first time in 23 months, as the country’s crude oil earnings remain under pressure in the international market, while the apex bank sustains its currency defence efforts.
23 Sep 2019
At the end of the bi-monthly Monetary Policy Committee (MPC) meetings for September, the Central Bank of Nigeria (CBN) retained all policy rates, as dictated by the eleven-member policymakers in attendance.
27 Mar 2019
The Central Bank of Nigeria (CBN) yesterday took local and international investors by surprise, cutting the 32-month-old Monetary Policy Rate (MPR) by 0.5 per cent to 13.5 per cent...
25 Mar 2019
With Nigeria facing three-fold uncertainties that may arise from oil price, Britain’s exit of European Union (Brexit) and the United States-China trade war...
13 Feb 2019
The report of the National Bureau of Statistics (NBS) yesterday that the economy recorded 2.4 per cent growth in the fourth quarter of 2018 drew criticism from economic experts.
19 Sep 2018
The 18-month consecutive fall in inflation rate, had in the last two months, lost momentum in making more significant decline, as food prices...
25 Jul 2018
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.
24 Jan 2018
Leading foreign exchange broker, FXTM, said it is on a mission to provide traders across the country with access to its world-class training seminars and workshops.
23 Oct 2017
The world’s monetary landscape is shifting, and one of the biggest factors is the dramatic rise in the value of cryptocurrencies so far in 2017.
9 Jul 2017
Since February this year, the country’s economy, although still held hostage by low economic activities- recession, has been clawing back some gains owing to aggressive policy reversals. First is the easing inflation, which persistently lost strength up to April, while the May data is around the corner.
27 Feb 2017
Sixteen banks shared in the $230 million foreign exchange (forex) mart by the Central Bank of Nigeria through the forward contract agreement.


31 mins ago
It can be a great start to your day to have a cup of coffee before you begin with your activities. Coffee contains elements known to help rejuvenate the body and keep it energised.  So, when the drowsy feeling sets-in in the morning, having a cup of coffee can help turn all that around and…
40 mins ago
Remember that one unspoken rule that plagues your mind when you have a wedding to attend and you think of a flirty white dress to impress? -Never wear white to a wedding. The most important thing any guest should focus on, even before choosing the dress’s colour, is not to upstage the bride.  According to…
59 mins ago
The Africa Cup of Nations (AFCON) kicked off exactly a week ago on January 9 after a pandemic-related hiatus at the 60, 000 capacity Olembe stadium in Cameroon with spectacular festivities and the most amazing cultural performances from the West-Central African country. The tournament started in earnest after an opening by the Indomitable Lions of…
1 hour ago
Lagos State government, on Tuesday, introduced a daily ₦800 consolidated informal transport levy for transporters in the state. The levy is outside the union dues collected by the National Union of Road Transport Workers (NURTW) and the Road Transport Employers Association of Nigeria (RTEAN). Lagos State finance commissioner, Dr Rabiu Olowo, who revealed this at…
1 hour ago
Senegal has seized three containers of ammunition from a Guyana-flagged cargo ship in the port of the capital Dakar, in a rare arms haul worth an estimated $5 million. In a statement seen by AFP on Tuesday, Senegal's customs agency said it had searched a ship named the Eolika when it stopped to refuel, after…