Naira Weakens To 470/Dollar Despite CBN Interventions
The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of the Central Bank of Nigeria in the official window. The…
IPPI S: We’ll Not Join PENGASSAN Strike —NUPENG
By Williams Menyonwa- The National Union of Petroleum and Natural Gas Workers has said it would not join the strike embarked upon by the Petroleum and Natural Gas Senior Staff…
BREAKING: SEC Moves To Delete 157 Capital Market Firms
By Stephen Godonu- The Securities and Exchange Commission (SEC) has commenced process that may lead to cancellation and withdrawal of certificates of not less than 157 inactive capital market firms.…
#EndSARS: Protest Costs Nigeria N1.5tn – FDC
By Lukman Amusa The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives…
Nigeria’s Debt Hit N38.68tr Next Year FG
NIGERIA’S external and domestic debts have been projected to hit N38.68 trillion by December 2021, Finance, Budget and National Planning Minister Zainab Ahmed, alerted on Tuesday. Mrs. Ahmed, who appeared…
#EndSARS: Nigeria To Lost N700bn– LCCI
The Lagos Chamber of Commerce and Industry says the Nigerian economy may have lost about N700bn to the #EndSARS protests in the last 12 days. The President, LCCI, Mrs Toki…
CBN Freezes 15 Textile Smugglers Accounts
The Central Bank of Nigeria (CBN) has frozen the accounts of 15 textile smugglers across the country. Deputy Governor Corporate Services of the CBN Mr. Edward L. Adamu made this…
NNPC Cut Loss By 99.7% In 2019 –Report
The Nigerian National Petroleum Corporation says it has recorded a 99.7 per cent reduction in its loss profile from ₦803billion in 2018 to ₦1.7billion in 2019. NNPC disclosed this in…
Inflation Rate Hits 13.7%, Highest In 30 Months
Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in…
Yahoo Groups To Shut Down Dec 15
Yahoo has announced plans to shut down Yahoo Groups from December 15 over a steady decline in usage. Verizon, which bought Yahoo in 2017, announced the decision on Tuesday, marking…
