Nigeria loses 10 Percent in $575 billion global remittances

  Nigeria had its fair share of the global economic challenges and frequent regulatory intervention aimed at taming money laundering, as its remittance record in 2016 declined by 10 per…

Forex: CBN Creates FX Window For Investors, Exporters

Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank of Nigeria (CBN) on…

Nigerian Breweries Improves on 2017 First Quarter Result

Prospective and existing shareholders of Nigerian Breweries Plc may be in for a better financial year, as the company was able to commence the 2017 financial year on a positive…

CBN Suspends Cashless Policy, Banks to Refund Charges

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert…

CBN Supply Crashes Dollar

…naira to appreciate further ahead of Friday Interventions … as CBN Intervention in Forex Market Pays Off The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday,…

CBN Hands Over TechU Buildings to Oyo Govt.

By: Olajide Toriola The Central Bank of Nigeria (CBN) has handed over a Central Library, Blocks of Lecture and Administrative buildings to the Oyo State Government as part of its…

NLNG unveils 2017 Facts and Figures publication

  The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, Wednesday in Lagos, publicly presented the company’s Facts and Figures on NLNG 2017 publication, a…

Black market naira firms as Nigerian central bank boosts dollar sale

  Nigeria’s naira firmed strongly on the country’s black market on Thursday as traders prepared for the central bank to increase the dollar supply for exchange bureaux to keep the…

Nigeria spends 66 Percent of tax revenues on debt servicing: IMF

  The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes. Speaking at the IMF Fiscal…

Unilever to divest its spread, posts 60 Percent PAT growth

  Unilever Nigeria Plc has disclosed its intention to divest its spread (bread spread) business, even as it releases its first quarter results ended March 31, 2017, which indicated strong…