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Naira firms in response to Nigeria-China Yuan deal

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The naira firmed on Wednesday following the expected Nigeria-China Yuan swap deal announced by the central bank of Nigeria (CBN) over the week. Naira firmed...

GT Bank names new Managing Director as ‘holding company’ takes shape

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Guaranty Trust Bank Plc has completed its re-organisation to a Holding Company Structure, naming a new Managing Director for the banking arm of the...

NBS releases list of states and Internally Generated Revenue earned

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Latest report by the National Bureau of Statistics shows that Lagos, Delta, Kaduna and Ogun states are leading on the ranking of states with...
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Federal Road Infrastructure: Things to know about the new Road Trust Fund

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In a bid to attract private sector involvement in the provision of Federal road infrastructure i the country, and too reduce government budgetary allocations,...

Obi Cubana: HURIWA directs CBN towards terror sponsors

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Events surrounding the burial of the mother of Billionaire businessman, Obi Iwegbu, known popularly as Obi Cubana has continued to generate reactions. Rights group, Human...
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Naira slumps again

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The naira on Wednesday depreciated slightly against the dollar at the parallel market, dropping by N2. The currency traded N222, N350 and N256 against the...
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Obasanjo Farms, 10 others shut over tax default

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In continuation of its aggressive tax drive, the Oyo state government on Tuesday shut down the business premises of Obasanjo Farms, located in Oluyole...
Naira-bundles

Nigeria slumps further, now below worst level in more than 5 years.

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Nigeria’s revenue fell last month to the lowest level in more than five years as taxes and oil earnings dropped, making it more difficult...
Naira-1

Naira free fall continues as CBN new interest rate settles-in

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The naira fell to a new record low on Wednesday at the official market, following the central bank’s decision to hike interest rates to 14...

Bank Debt: Video of bank staff at Andy Uba’s residence demanding repayment of loan

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Workers of Heritage bank have purportedly stormed the Abuja residence of former member of the National Assembly, Andy Uba, to demand repayment of outstanding...
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Nigeria’s total public debt tops N33 trillion – DMO

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The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021. This is contained...
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Ben Murray Bruce buys 2 vehicle from Innoson for official use – See pictures

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Vocal Senator, Ben Murray Bruce has taken delivery of two vehicles from the Nigerian auto maker, Innoson.  The fair complexioned law maker from Bayelsa East...
lufthansa

$600m outstanding fares: Lufthansa considers leaving Nigeria

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 Lufthansa Deutsche Lufthansa AG said it is closely monitoring its flights to Nigeria as the aviation industry awaits payment of about $600 million...
Naira-bundles

Naira closes at 380 to a Dollar on black market

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The naira is seen trading within a range on both the black market and official interbank window as the central bank continue to inject...

Stealing Bank Funds: Court convicts, jails fmr Bank PHB MD Atuche,

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After about 10 years of trial, a former Managing Director of defunct Bank PHB, Francis Atuche, has been convicted by an Ikeja Division of...

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