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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
News

CBN Bans Cash Payout for Travel Allowances

The Central Bank of Nigeria (CBN) has announced a new policy that prohibits authorized...
News

Nigeria’s Naira Plummets to All-Time Low Against Dollar

Nigeria’s currency, the naira, has fallen to a record low of 1,534.39 per dollar...
News

Naira Plummets to Record Low, Senate Summons CBN Governor

The Nigerian currency, the naira, has hit a new low against the US dollar...
News

Nigeria’s Naira Plummets as FX Market Faces Crisis

Nigeria's currency, the naira, has hit a new low against the US dollar in...
News

Naira Surges as Nigeria’s Central Bank Unifies Exchange Rates

Nigeria's naira soared by more than 27 percent against the US dollar on Monday,...
Business

Nigeria’s New Central Bank Chief Promises to Tame Inflation and Stabilise Naira

Nigeria’s newly appointed central bank governor, Olayemi Cardoso, has vowed to curb the soaring...
Business

Nigeria’s inflation crisis: How to survive the soaring prices

Nigeria, Africa’s largest economy, is facing a severe inflation crisis that is eroding the...
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Nigeria Hikes Import Duty Rates Amid Economic Crisis

Nigeria, Africa’s largest economy, is facing a severe economic crisis as the government struggles...
News

Naira Plummets to Record Low as Dollar Supply Shrinks Markets

The naira, Nigeria’s currency, has fallen to its lowest level against the US dollar...
Business

Naira Strengthens Against Dollar as P2P Market Booms

The Nigerian currency, the naira, has appreciated against the US dollar in the peer-to-peer...
News

Mezovest CEO Urges Nigerian Government to Price Local Gas in Naira, Not Dollars

Mr. Tosin Thompson, the CEO of Mezovest, has made a plea to the Federal...
News

Naira Plummets as Nigeria’s Forex Reserves Hit 18-Month Low

The Nigerian naira has continued to lose value against the US dollar, as the...
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Latest articles

News

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.