The Central Bank of Nigeria on Wednesday sold $401 million at 198.50 naira per dollar, wider than its target band of 159.60 to 176.40. The central bank scrapped its bi-weekly currency auct... Read more
A new trading system introduced by the Central Bank of Nigeria stabilized the nation’s currency and will result in daily intervention by the regulator, according to foreign-exchange dealers.... Read more
The House of Representatives on Wednesday resolved to meet with the Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, over the falling crude oil price at... Read more
The Minister of Finance, Dr Ngozi Okonjo-Iweala, said on Tuesday that corruption persisted in the country because Nigeria lacked the institutions, systems and processes to prevent it. Okonjo... Read more
As the Central Bank of Nigeria (CBN) continues to pump foreign exchange into the forex market to prop the local currency Naira, Nigeria’s foreign reserves have coniitue to deplete. Th... Read more
Barclays Africa Group Ltd.’s corporate and investment banking unit seeking to begin full operation in Nigeria. Bloomberg reports that the global banking brand has approached Nigerian authori... Read more
Nigeria’s inflation rate rose for the second consecutive month to 8.2 percent in January, up from 8 percent the previous month despite a sharp fall in the naira currency, the statistics bure... Read more
Governor Babatunde Fashola of Lagos State on Monday signed into law a bill amending the Lagos State Mortgage and Property Law of 2010. Fashola, while signing the bill in Lagos, the amendment... Read more
When hackers steal money from banks, they usually go for Bonnie and Clyde attacks, taking whatever they can take in a single grab, one Kaspersky executive told The New York Times, as the sec... Read more
Wake Tinubu, Group MD, Oando PLc Oando Plc has denied making donations of jets to political parties.An advertorial published in some nation dailies alleges that the company gave donations to... Read more