Naira Vs. Dollar: Inside the Crude controversy
The Naira for Cude oil policy, introduced in October 2024 by the Federal Government was designed to allow local refineries to buy crude in naira, cut dependence on imported fuel and boost…
Nigeria overnight rate hits 150%
Nigeria's overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday's currency forward…
Naira sustains gain on parallel market
Earlier this week, the Central Bank of Nigeria reviewed the exchange rate for remittances from N350 to N370 against the dollar.…
Naira woes continue in forex market
The naira appreciated against the dollar in the parallel market over the weekend and begun the first day of the fourth quarter slightly higher at 476 to the greenback.…
Nigerian economy predicted to grow with more belief in local manufacturers
A key factor that can enhance the growth of the economy is by believing in products made by Nigerian manufacturers.…
The future is bright for Nigerian manufacturers
With the current economic slump, Nigerian manufacturers now have an advantage over foreign producers as locally produced goods, though seemingly expensive, will not cost as much as their imported counterparts.…
Nigeria stock market maintains upward streak
The Nigeria Stock Exchange All Share Index continued its positive streak today and ended higher for the third consecutive session this week.…
Nigerian economy officially enters recession
Economic data released today by the National Bureau of Statistics confirmed that Nigeria is in a recession. Toyin Sanni, CEO, United Capital joins CNBC Africa for an in-depth analysis of the information.…
Forex reform draws $270m foreign investment in Nigeria
The FMDQ OTC Securities Exchange has confirmed the inflow of $270 million into Nigeria by foreign investors seeking to invest in Nigeria's local currency bonds.…
I will stop tomato paste import into Nigeria – Eric Umeofia
[ooyala code=”E2ZXVqNTE6pVuRyby3sv14uFphMbWj-X” player_id=”1b17bdeb76cb4ac7b9d901fad6010bb6″ width=”1280″ height=”720″ auto=”true”]…
Nigeria’s oil earnings continue to decline
As Nigeria faces continued declining earnings from oil, recent reports from the Nigerian National Petroleum Corporation show that India and the United States have slashed imports of Nigerian crude.…