Naira’s Free Fall Continues

Nigeria’s naira touched a record low against the dollar on Wednesday, a day after the central bank devalued the currency, and it was trading lower than the bank’s target band…

CBN Devalues Naira, Raises Interest Rates

Nigeria’s central bank lowered the target band for the naira on Tuesday, and it raised interest rates by 100 basis points to 13 percent, as it sought to stem losses…

NSE Delists Four Companies for Flouting Post-listing Rules

The Nigerian Stock Exchange (NSE) on Tuesday said it had delisted four companies from its daily official list for non-compliance to post-listing requirements. This is contained in a statement by…

DHL Global Connectedness Index Ranks Nigeria 38 Out of 140 Countries

The DHL Global Connectedness Index has ranked Nigeria 38 out of 140 countries and 12th worldwide on the breadth of connectivity. DHL said in a statement on Tuesday in Lagos…

UBA Ruby Account Offers More Exclusive Perks for Women

Women, who chose Ruby, a female focused current account offered by pan-African bank, United Bank for Africa (UBA) Plc, will now enjoy more perks as the bank has expanded its…

18 ships laden with petroleum products, food items arrive Lagos

Eighteen ships laden with petroleum products and food items are waiting to berth at the Lagos ports. This is contained in the daily “Shipping Position’’ made available to newsmen on…

UBA Commits $1m to Ebola Fight

As Elumelu urges corporate Africa to take up challenge   The United Bank for Africa (UBA) Board Chairman, Tony Elumelu, has announced the donation of $1million, to assist the fight…

Customs Campaigns Against Internet Scam

The Nigeria Customs Service (NCS) has advised the public to be wary of fraudsters using its name to dupe people on social media platforms. Speaking in an interview with the…

Dangote Cement Falls after  Cutting Cement Prices

Shares in Dangote Cement fell to a 17-month low on Monday after the company announced cement price cuts last week to boost sales volume. Dangote Cement, owned by Africa’s richest…

24 Ships Laden with Containerised Goods to Arrive Lagos

Twenty four ships laden with containerised goods are expected to arrive the Lagos Ports between November 7 and 27, the Nigerian Ports Authority (NPA) said on Friday in Lagos. NPA,…