Category: blog

FG Secures $163 Million AfDB Loan For Wheat Production

To increase wheat output, the Nigerian government has obtained a $163 million loan from the African Development Bank. The Vice President, Senator Kashim Shettima, reportedly made this announcement in Argungu,…

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Dollar Value Drops To N930 Per Naira

On Thursday, the parallel market, an illegal foreign currency market, saw the naira drop to N930 to the dollar. The reason for this is because Nigerian banks are unable to…

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G-20 summit: Tinubu is in India to promote trade and investment

In order to showcase Nigeria as a business-friendly nation and to attend the G-20 Leaders' Summit, President Bola Tinubu arrived  New Delhi India To discuss measures to foster greater economic…

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Dollar Now N850 At Parallel Market

On Wednesday's parallel market, the naira strengthened further versus the US dollar, closing at 850/dollar. The Central Bank of Nigeria stated its intention to intervene in the foreign exchange market…

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Seplat Energy’s oil rig near Delta falls, leaving one person dead and several missing.

According to Seplat Energy Plc, one person died as a result of the 'Majestic' oil rig near Ovhor in Delta State collapsing. This was announced by the oil firm on…

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Naira crash: CBN will penalize banks selling illegal foreign currency

The Central Bank of Nigeria (CBN) has stated that it will deal with commercial banks selling foreign currency illegally. This is coming on the heels of the crash of the…

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CBN Owes JP Morgan, Others $13.8 Billion

Nigeria's Central Bank owed JP Morgan and Goldman Sachs a combined total of $7.5 billion as of the fiscal year that concluded in December 2022. Another $6.3 billion in foreign…

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Naira drops further, exchanges at N945/$1

The Naira fell even more on Thursday in the black market, trading in Abuja at N945 to the dollar as opposed to N925 the day before. However, the Naira closed…

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Tinubu names a University of Ibadan student to the Tax Reforms Committee.

Orire Agbaje, a 400-level student at the University of Ibadan, has been selected by President Bola Ahmed Tinubu to the Presidential Committee on Fiscal Policy and Tax Reforms. In Abuja,…

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Nationwide labor protests have begun, according to NLC President Ajaero

Nigeria's labor unions have started nationwide protests. The Nigeria Labour Congress (NLC) president, Joe Ajaero, made this revelation in an interview with Channels Television on Wednesday at Unity Fountain in…

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