Business

The world’s largest cryptocurrency by market cap, Bitcoin crashed to $52,000 amid a market sell-off on Monday. The price of the digital asset fell by 13 per cent in 24...

The number of vehicles imported into Nigeria dropped significantly by 60.4 per cent, year-on-year, YoY, to 10,991 in the first half of this year, H1’24, reflecting the impact of the...

The Naira has appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last Friday. However, the Naira depreciated to N1,508.99 per dollar in the Nigerian Autonomous...

Considering the current injection of foreign exchange sales to Bureaux De Change (BDCs), by CBN’s, analysts forsee that the naira will stabilise around N1,500 in the second half of the...

In news reports, Dangote refinery has begun negotiations with Libya to secure crude for the 650,000 barrels per day plant and will also seek Angolan oil, a senior executive, Devakumar...

President of Dangote Industries Limited (DIL), Aliko Dangote, has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call...

The funds in dormant accounts, assets and unclaimed balances in banks and other financial institutions in the country will henceforth be transferred to an account managed by the Central Bank...

The Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA), and Nigeria Employers’ Consultative Association (NECA) have faulted rushed government policy shifts and...

The Naira on Thursday, 11 July 2024 appreciated to N1,550 per dollar in the parallel market from N1,560 per dollar on Wednesday. It also performed better at N1,554.55 per dollar...

According to news reports, current exchange rates and customs import duty on cargo clearance continue to account for the continued drop in vehicle importation into the country by 60 per...