Business

As N100 Arbitrage Emerges in Nigeria’s FX Market, EIU Predicts Return to Dual Exchange Rate By December

It srgued that the CBN lacks the experience to float the currency, as MTN, Nestle, Dangote Cement, others suffer N486.82bn…

1 year ago

Tinubu Appoints Special Investigator To Probe CBN, Related Entities

He asked CEO Financial Reporting Council of Nigeria, Mr Jim Osayande Obazee, to block further leakages in the apex bank.

1 year ago

Air Peace Expands West African Operations With Inaugural Flight To Lome

“We are quite delighted that Togo is joining our route network, making it eight regional routes in less than nine…

1 year ago

Tinubu Promises Support For Google To Create One Million Digital Jobs In Nigeria

"We will give you all the support you need to have a beneficial corporate responsibility. We have started our economic…

1 year ago

Shell, TotalEnergies Profits Slump to $5bn Apiece as Oil and Gas Prices Cool

Shell's shares were down 1.9 percent and TotalEnergies' slipped 0.4 percent, compared with a 1 per cent decline in the…

1 year ago

Nigeria’s Chartered Accountants Call For Postponement of Proposed Increase in Electricity Tariffs

“Nigerians are still grappling with the effects of macroeconomic policy decisions such as the removal of subsidy and the unification…

1 year ago

Shell, TotalEnergies Profits Slump to $5bn Apiece as Oil and Gas Prices Cool

Shell's shares were down 1.9 percent and TotalEnergies' slipped 0.4 percent, compared with a 1 per cent decline in the…

1 year ago

Nigerian Lawmakers Shut Down Motion Seeking To Reverse FX Unification Policy

Oniha said the removal of subsidy on petrol and the unification of the exchange rates of the naira have yielded immediate…

1 year ago

CBN Directs Banks to Lift Restrictions on 440 Accounts

It resumed enforcement of LDR policy and explained FX volatility driven by pent-up demand, low supply.

1 year ago

IMF Retains Nigeria’s 2023 Growth Projection at 3.2%

It predicted 3% for 2024 and forecasts Africa’s growth to decline to 3.5%.

1 year ago