40 Per Cent Of Bank Deposits In Dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a survey discovered that dollar deposits constitute 40 per cent of…
Oil Down After U.S. Crude Inventories Rise Against Expectations
Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the…
Just In: CBN Reduces Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The…
Re-Registration Order: FG Apologises To Account Holders
By Stephen Godonu The Federal Government has apologised to all account holders in financial institutions for asking them to register their details again. On Thursday, the FG had demanded all…
Economy Will Rebound In Q1 Of 2021, -FG
By Ade Ayomipo The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021. Minister of Finance, Zainab Ahmed made this…
Naira Exchanges For N441 A Dollar At Parallel Market
BARELY 24 hours after the Central Bank of Nigeria (CBN) resumed dollar sales to Bureau de Change (BDC) operators, the naira on Tuesday lost N6. It slumped from N435 recorded…
Virus Pandemic: 60 Percent fall in Nigeria’s Revenues – Buhari
By Olamilekan Alani The President Muhammedu Buhari said the country’s revenues and foreign exchange earnings have fallen by almost 60 percent since the pandemic took hold. The president who was…
CBN Resumes Forex Sales As Naira Set To Gain
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the…
Petrol May Cost More In South-East —IPMAN
The Independent Petroleum Marketers Association of Nigeria, Enugu depot, has warned that petrol may cost more in the South-East. It said this is because the Federal Government failed to reactivate…
International Flights: FG Release Airlines Granted Approval To Commence
The Federal Government has released the list of nine airlines granted approval to commence international flights in Nigeria. Speaking at a briefing of the Presidential TaskForce on Thursday, the Minister…
